Palo Alto Networks (PANW) PT Lowered to $225 at Credit Suisse
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Palo Alto Networks (PANW) Ready to 'Re-Rate' Higher Following Strong Earnings - Morgan Stanley
November 18, 2022 8:33 AM ESTMorgan Stanley analyst Hamza Fodderwala reiterated an Overweight rating and $268.00 price target on Palo Alto Networks (NASDAQ: PANW) following strong Q1 earnings and said the shares are ready to re-rate higher following the print.
The analyst commented, "Strong FQ1 result driven by broad... More
Analysts heap praise on Palo Alto (PANW) after another solid earnings report
November 18, 2022 5:50 AM ESTPalo Alto Networks (NASDAQ: PANW) saw its stock soar over 8.5% pre-open Friday after the cybersecurity company reported better-than-expected earnings for its first fiscal quarter.
PANW reported earnings per share of $0.83 on revenue of $1.6 billion, beating the average analyst estimate that called for an EPS of $0.69 on revenue of $1.55B. Revenue grew 25% year-over-year while billings rose 27% YoY to $1.7 billion.
"We exceeded our top-line guidance while generating $1.2 billion in free cash flow and expanding our operating margins,"... More
