Palo Alto Networks (PANW) got at least three price target increases Thursday, after the security software vendor late Wednesday posted Q3 earnings and revenue that topped Wall Street expectations and announced it had acquired CirroSecure. The acquisition brings the company technology to secure software delivered via the Internet as needed by customers, and it should add to Palo Alto Networks’ subscription offerings, Pacific Crest Securities
More often than ever, cyberattacks are compromising tens of millions of consumers’ identities, sometimes taking key data such as credit card numbers. A growing army of top-notch cybersecurity companies including Palo Alto Networks (PANW) and CyberArk Software (CYBR) are working feverishly to turn the tide. Today’s Screen Of The Day is Young Guns, top-rated companies that went public in the last 15 years, still young by corporate standards. Cheetah
Palo Alto Networks (PANW), set to report its fiscal Q3 earnings after the market close Wednesday, got a price target increase Tuesday from an analyst who anticipates continued “impressive” revenue gains. “While top-line results are likely to remain impressive, continued margin expansion and profitability further differentiate Palo Alto Networks from growth peers,” RBC Capital Markets analyst Matthew Hedberg said in a research report Tuesday.