Thursday, May 29, 2014

Palo Alto Networks target raised to $95 at Needham; $PANW

May 29 at 07:34

      Needham raises their PANW tgt to $95 from $87. F3Q results were
strong, and the revenue beat was accompanied by a very strong billings
performance of +46% y/y. A number of datapoints from the call support firm's thesis that PANW is increasingly viewed as a "platform" in next-gen security and is getting invited to larger deals; Buy.

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