Palo Alto Networks Reports Fiscal Third Quarter 2015 Financial Results

Imperial Capital Raises Price Target Following Palo Alto Networks (PANW) Q3 Results and CirroSecure Acquisition

Imperial Capital maintains an Outperform rating on Palo Alto Networks (NYSE: PANW), and increased the price target to $185.00 (from $170.00), following F3Q15 results. PANW reported revenue of $234mn, above Imperial Capital estimates of
$223mn. Adjusted EPS of $0.23 beat estimates of $0.20. PANW also announced the acquisition of CirroSecure for $18mn.

Analyst... More

FBR Capital Raised Palo Alto Networks (PANW) Price Target Following a Solid 3Q

FBR Capital reiterates an Outperform rating on Palo Alto Networks (NYSE: PANW), and raised the price target to $175.00 (from $165.00), following its F3Q15 earnings results. Total revenue of $234.2M beat the Street's estimate of $223.4M. Pro forma EPS came in at $0.23, above the Streets $0.20 estimate.

Analyst Daniel Ives commented, "Last night, Palo Alto Networks reported yet another rock solid quarter with F3Q15 (April) results coming in ahead of expectations on the top line, bottom line, and billings,... More

Palo Alto Networks (PANW) PT Lifted to $185 at Nomura Securities on Another 'Strong' Quarter

Nomura Securities analyst Frederick Grieb raised his price target on Buy-rated Palo Alto Networks (NYSE: PANW) to $185.00 (from $165.00) following another strong quarter.

Grieb commented, "Wednesday, after the close, Palo Alto announced F3Q15 results, with billings growth of 56% YoY. The billings... More

Palo Alto Networks (PANW) PT Lifted to $182 at Needham & Company Following Strong Q3

Needham & Company analyst Scott Zeller reiterated a Buy rating and boosted his price target on Palo Alto Networks (NYSE: PANW) to $182.00 (from $160.00) following another strong quarter.

Zeller commented, "The Palo Alto performance in the April quarter was strong as anticipated, and was a... More

Oppenheimer Raised Price Target on Palo Alto Networks (PANW) Following Q3 Beat

Oppenheimer maintained an Outperform rating on Palo Alto Networks (NYSE: PANW), and raised the price target to $180.00 (from $175.00), following 3Q15 results. PANW reported revenue of $234.2M, beating the consensus estimate
of $223.4M. EPS of $0.23 beat consensus by $0.03.

Analyst Shaul Eyal commented, "PANW reported F3Q15... More

Palo Alto Networks (PANW) PT Raised to $185 at Piper Jaffray Amid 'Very Strong Execution'

Piper Jaffray analyst Andrew Nowinski raised estimates and his price target on Overweight-rated Palo Alto Networks (NYSE: PANW) to $185.00 (from $165.00) following "very strong" execution in Q3.

Nowinski commented, "Palo Alto continues to execute very well, with FQ3(Apr) results exceeding the Street estimate... More

Palo Alto Networks (PANW) Tops Q3 EPS by 3c; Announces Acquisition of CirroSecure

Palo Alto Networks (NYSE: PANW) reported Q3 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $234.2 million versus the consensus estimate of $223.26 million.

Palo Alto Networks sees Q4 2015 EPS of $0.24-$0.25, versus the consensus of $0.24. Palo Alto Networks sees Q4 2015 revenue of $252-56 million, versus the consensus of $247.7 million.

PANW also announced it has acquired CirroSecure, a Silicon Valley-based company with a highly differentiated approach to securing Software as a Service (SaaS) applications.

The Palo Alto Networks Enterprise Security Platform provides the industry's leading... More