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
Today’s Screen of the Day is International Leaders, and we’re taking a look at the top global stocks with world-beating EPS growth estimates. Here’s a breakdown of the top four: CyberArk Software (CYBR) sits at the top of the list and leads the security software industry group. The Israeli firm’s earnings are projected to skyrocket 400% this quarter. Group peer Palo Alto Networks (PANW) reported an EPS gain of 90% late Monday. Next on the list we
Palo Alto Networks (PANW) late Monday posted fiscal Q2 earnings and revenue growth that beat Wall Street targets, and its guidance for the current quarter also edged views. For the quarter ended Jan. 31, the network security vendor reported earnings per share minus items of 19 cents, up 90% from 10 cents in the year-earlier period. Revenue rose 54% to $217.7 million. Analysts polled by Thomson Reuters had expected EPS ex items of 17 cents on