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Palo Alto Networks (PANW) PT Raised to $165 at Cowen Following Strong 3Q
June 1, 2017 7:45 AM EDTCowen raised its price target on Palo Alto Networks (NYSE: PANW) to $165.00 (from $150.00) while maintaining a Outperform rating following the company's 3Q. Billings grew by 12% y/y, exceeding the Street's 8% estimate. Revenue of $432m (+25% y/y) easily exceeded the Street's $412m est. EPS of $0.61... More
Palo Alto Networks (PANW) PT Raised to $135 at Deutsche Bank Following 3Q
June 1, 2017 7:11 AM EDTDeutsche Bank raised its price target on Palo Alto Networks (NYSE: PANW) to $135.00 (from $125.00) while maintaining a Hold rating following the company's 3Q earnings report.
PANW reported 3Q hardware revenues of $164m, compared to guidance of -10% to $146m. The beat should lift the stock near-term.
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