At least seven investment banks raised their price targets on Palo Alto Networks after the cybersecurity provider late Wednesday posted fiscal Q3 earnings that beat Wall Street views and announced a settlement of a critical patent lawsuit. Palo Alto Networks (PANW) stock was up 8%, near 75.25, in midday trading in the stock market today, at a two-month high. After the close Wednesday, Palo Alto Networks reported Q3 earnings that showed a 49%
Security firm Palo Alto Networks posted fiscal Q3 earnings late Wednesday that exceeded expectations, as did its Q4 outlook, sending shares rising 10% after hours. The company also announced that it had settled its three-year patent dispute with Juniper Networks (JNPR) and ended all litigation. Palo Alto Networks (PANW) ended the quarter with more than 17,000 customers, up from 16,000 in fiscal Q2 and marking its highest customer-acquisition rate
Nomura Securities upgraded Palo Alto Networks to a buy rating ahead of its quarterly earnings, due after the market close Wednesday. Nomura analyst Frederick Grieb on Tuesday upgraded Palo Alto Networks (PANW) stock from neutral, and hiked his price target to 80 from 68. Palo Alto Networks stock was up 3%, near 69, in midday trading in the stock market today. “We continue to view Palo Alto as one of the best-positioned vendors in the