Palo Alto Networks (PANW) Tops Q3 EPS by 10c, Revenues Beat; Offers FY21 EPS/Revenues Guidance Above Consensus, Affirms 4Q EPS/Revenue Outlook
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Palo Alto Networks (PANW) Gains After Beating Q3 Views, Analyst Sees 'Bargain Valuation'
May 21, 2021 9:05 AM EDTShares of Palo Alto Networks (NASDAQ: PANW) are trading about 6% higher in early trading Friday after the company reported healthier-than-expected Q3 earnings and guidance.
The security hardware and software company posted adjusted earnings of $1.38 per share, compared to $1.28 per share expected by analysts, according to Refinitiv. Revenue came in at $1.07 billion, up from the expected $1.06 billion.
On an annualized basis, revenue climbed 24% in the second quarter which ended on April 30, and up 25% from the previous quarter. During the period, Palo Alto Networks bought a cloud security company Bridgecrew for $156 million.
"The... More
Palo Alto Networks (PANW) PT Raised to $420 at Jefferies
May 21, 2021 7:35 AM EDTJefferies analyst Brent Thill raised the price target on Palo Alto Networks (NYSE: PANW) to $420.00 (from $400.00) while maintaining a Buy rating.
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... MorePalo Alto Networks (PANW) PT Lowered to $500 at Barclays
May 19, 2021 5:34 AM EDTBarclays analyst Saket Kalia lowered the price target on Palo Alto Networks (NYSE: PANW) to $500.00 (from $565.00) while maintaining a Overweight rating.... More
Palo Alto Networks (PANW) PT Lowered to $400 at Jefferies
May 18, 2021 8:35 AM EDTJefferies analyst Brent Thill lowered the price target on Palo Alto Networks (NYSE: PANW) to $400.00 (from $460.00) while maintaining a Buy rating.... More
UPDATE: Raymond James Upgrades Palo Alto Networks (PANW) to Outperform
May 18, 2021 4:24 AM EDT(Updated - May 18, 2021 7:17 AM EDT)
Raymond James analyst Michael Turits upgraded Palo Alto Networks (NYSE: PANW) from Market Perform to Outperform with a price target of $400.00.
The analyst comments "We are upgrading PANW to Outperform and establishing a $400 price target. PANW has... More
