Palo Alto Networks (PANW) received at least four price target increases on Tuesday after it reported late Monday fiscal Q1 earnings that easily topped analysts’ expectations. The Santa Clara, Calif.-based company guided fiscal Q2 earnings per share excluding items of 16 to 17 cents on revenue of $200 million to $204 million. Analysts polled by Thomson Reuters had modeled for 16 cents EPS and $198.1 million in revenue. The network security
Palo Alto Networks’ (PANW) sales acceleration is likely to continue at least through 2015, says Northland Capital Markets analyst Jeff Kvaal, who on Monday boosted his price target on the security software company’s stock to 115 from 110. The Santa Clara, Calif.-based firm is broadening its distribution in Europe, gaining momentum with its advanced threat protection product called WildFire, Kvaal said in a research report on Monday. He also likes
Palo Alto Networks CEO Mark McLaughlin and his team help businesses fight cyberattacks. And who better to lead the charge? McLaughlin is a West Point graduate and a decorated former U.S. Army attack helicopter pilot. In 2011, President Obama appointed him to the National Security Telecommunications Advisory Committee. He’s now vice chairman. McLaughlin, 48, has been president and CEO of Palo Alto Networks (PANW) since August 2011 and also chairman