Rosenblatt Downgrades Palo Alto Networks (PANW) to Neutral citing 'Strategic Shift and Lowered Guidance'

Evercore ISI on Palo Alto Networks (PANW): 'mgmt has enough credibility to instill some confidence'

Evercore ISI analyst Peter Levine reiterated an Outperform rating and $405.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "The post-market response to this print given all the moving pieces is unsurprising; nevertheless, we're maintaining our thesis. To start, our channel work this quarter, (here) & (here), provide sufficient evidence to suggest that there is no demand problem, no underlying shift in the fundamentals, and no new emerging competitive concerns. With no apparent demand deficit, we believe mgmt has enough credibility to instill some confidence in their choice to sacrifice... More

Palo Alto Networks (PANW) PT Lowered to $350 at Mizuho Securities

Mizuho Securities analyst Gregg Moskowitz lowered the price target on Palo Alto Networks (NASDAQ: PANW) to $350.00 (from $405.00) while maintaining a Buy rating.... More

Palo Alto Networks (PANW) PT Lowered to $350 at Cantor Fitzgerald

Cantor Fitzgerald analyst Jonathan Ruykhaver lowered the price target on Palo Alto Networks (NASDAQ: PANW) to $350.00 (from $400.00) while maintaining a Overweight rating.... More

Palo Alto Networks (PANW) PT Lowered to $350 at TD Cowen

TD Cowen analyst Shaul Eyal lowered the price target on Palo Alto Networks (NASDAQ: PANW) to $350.00 (from $400.00) while maintaining a Outperform rating.... More

Palo Alto Networks (PANW) PT Lowered to $330 at Deutsche Bank

Deutsche Bank analyst Brad Zelnick lowered the price target on Palo Alto Networks (NASDAQ: PANW) to $330.00 (from $375.00) while maintaining a Buy rating.... More

Palo Alto Networks (PANW) PT Lowered to $360 at Morgan Stanley

Morgan Stanley analyst Hamza Fodderwala lowered the price target on Palo Alto Networks (NASDAQ: PANW) to $360.00 (from $395.00) while maintaining a Overweight rating.... More

Loop Capital Downgrades Palo Alto Networks (PANW) to Hold, 'Change to Go-to-Market Introduces Uncertainty'

(Updated - February 21, 2024 6:28 AM EST)

Loop Capital analyst Yun Kim downgraded Palo Alto Networks (NASDAQ: PANW) from Buy to Hold with a price target of $300.00 (from $280.00).

The analyst comments "On the heels of another lackluster quarter (softness in the U.S. federal government), the company dropped what we believe to be a significant change to its go-to-market motion. It essentially introduced a heavy up-front discount program that provides credits (essentially free usage for a certain period) to a customer switching out a competitor's product to a PANW one.... More

Palo Alto Networks (PANW) PT Raised to $310 at Goldman Sachs

Goldman Sachs analyst Gabriela Borges raised the price target on Palo Alto Networks (NASDAQ: PANW) to $310.00 (from $274.00) while maintaining a Buy rating.... More

Palo Alto Networks (PANW) PT Lowered to $366 at BTIG

BTIG analyst Gray Powerll lowered the price target on Palo Alto Networks (NASDAQ: PANW) to $366.00 (from $425.00) while maintaining a Buy rating.... More

Stocks expected to have increasing option volume: PANW ZS CRWD CHKP CYBR FTNT OKTA QYLS RPD S SPLK TENB

Stocks expected to have increasing option volume: PANW ZS CRWD CHKP CYBR FTNT OKTA QYLS RPD S SPLK TENB

CapitalOne Downgrades Palo Alto Networks (PANW) to Equal-weight

CapitalOne analyst Connor Murphy downgraded Palo Alto Networks (NASDAQ: PANW) from Overweight to Equal-weight with a price target of $302.00.

For an analyst ratings summary and ratings history on Palo Alto Networks... More

Palo Alto Networks (PANW) PT Lowered to $345 at Barclays

Barclays analyst Saket Kalia lowered the price target on Palo Alto Networks (NASDAQ: PANW) to $345.00 (from $400.00) while maintaining a Overweight rating.... More

Piper Sandler Downgrades Palo Alto Networks (PANW) to Neutral, 'The Waiting is the Hardest Part'

(Updated - February 21, 2024 4:43 AM EST)

Piper Sandler analyst Rob Owens downgraded Palo Alto Networks (NASDAQ: PANW) from Overweight to Neutral with a price target of $300.00 (from $350.00).

The analyst comments "Oops [they] did it again, as results for the... More

After-hours movers: Palo Alto Networks plunges, Toll Brothers climbs

After-Hours Stock Movers:

Palo Alto Networks (NASDAQ: PANW) declined 19% after it lowered guidance for the year. Peers CrowdStrike Holdings (NASDAQ: CRWD) and Zscaler (NASDAQ: ZS) were also lower.

Teladoc (NYSE:... More

Palo Alto forecasts third-quarter billings below estimates, shares fall

(Reuters) -Cybersecurity firm Palo Alto Networks on Tuesday forecast third-quarter billings below Wall Street estimates, signaling cautious spending by businesses in an uncertain economy.

Shares of the Santa Clara, California-based company fell more than 20% in extended trading, dragging rivals Zscaler and Fortinet by 8.4% and 4.4%, respectively.

Businesses are navigating in a digital world which is highly susceptible to online... More

Palo Alto Networks (PANW) Tops Q2 EPS by 16c, Guidance Misses

(Updated - February 20, 2024 4:09 PM EST)

Palo Alto Networks (NASDAQ: PANW) reported Q2 EPS of $1.46, $0.16 better than the analyst estimate of $1.30. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.97 billion.

GUIDANCE:

Palo Alto... More

Palo Alto Networks (PANW) February weekly option implied volatility into quarter results

Palo Alto Networks (NASDAQ: PANW) February weekly call option implied volatility is at 137, March is at 61; compared to its 52-week range of 25 to 55 into the expected release of quarter results today after the bell.

Palo Alto Networks (PANW) PT Raised to $385 at Truist Securities

Truist Securities analyst Joel Fishbein raised the price target on Palo Alto Networks (NASDAQ: PANW) to $385.00 (from $330.00) while maintaining a Buy rating.... More

Palo Alto Networks (PANW) PT Raised to $420 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the price target on Palo Alto Networks (NASDAQ: PANW) to $420.00 (from $366.00) while maintaining a Outperform rating.... More

Palo Alto Networks (PANW) February weekly 367.50 straddle into quarter results

Palo Alto Networks (NASDAQ: PANW) February weekly 367.50 straddle priced for a move of 11% into the expected release of quarter results today after the bell.