Palo Alto Networks Price Targets Hiked On Q2 Beat

By | March 3, 2015

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Palo Alto Networks (PANW) received several price target increases Tuesday following its fiscal Q2 beat and solid outlook late Monday, as more customers seek its products and services to fend off more sophisticated cyberthreats. “For the third consecutive quarter, both billings and revenue exceeded 50% growth, despite their impressive scale,” Pacific Crest Securities analyst Rob Owens said in a research report Tuesday. Owens, who hiked his price Scalper1 News

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