Palo Alto Networks shares surged Wednesday after Wall Street rewarded the cybersecurity company as budget crunches appear to be favoring larger vendors.
Palo Alto Networks Inc. shares surged Wednesday after Wall Street rewarded the cybersecurity company for another beat-and-raise quarter, as analysts said budget crunches among businesses are leading executives to favor larger vendors.
Citi Research analyst Fatima Boolani, who has a buy rating and raised her price target to $220 from $195, said there were “no holes to poke” in Palo Alto Network’s “healthy beat” and “touch mixed, but defensibly prudent” outlook, and that the report validated “three interrelated dynamics for cyber” in 2023.
DiFucci said the outlook was “solid ,” but noted it introduced a few questions on whether some product revenue from the third quarter will get pushed into the fourth. From November: Palo Alto Networks one of 2022’s best software stocks after another beat-and-raise quarter
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Palo Alto Networks' earnings blowout spotlights the Club's newest stockCybersecurity giant Palo Alto Networks (PANW) delivered a strong quarterly earnings beat Tuesday and raised its full-year outlook.
Weiterlesen »
Palo Alto CEO Nikesh Arora on the data defender's big beatPalo Alto Networks CEO Nikesh Arora joins Mad Money's Jim Cramer to discuss the cybersecurity company's big beat.
Weiterlesen »
Over $10,000 in handbags stolen from Palo Alto homeThe occupied home burglary is the second this month in the city.
Weiterlesen »
Palo Alto Networks stock rallies more than 5% following another beat-and-raise quarter amid macro slowdownPalo Alto Networks Inc. shares rallied in the extended session Tuesday after the cybersecurity company reported another beat-and-raise quarter.
Weiterlesen »
Stocks making the biggest moves midday: Palo Alto Networks, Coinbase, Dick's Sporting Goods, Amazon and moreStocks making the biggest moves midday: Palo Alto Networks, Coinbase, Amazon and more
Weiterlesen »
Jim Cramer's top 10 things to watch in the stock market Wednesday: Fedspeak, stocks bounce, Palo Alto beatsBonds are in charge. Yields tick lower and stocks bounced after St. Louis Fed President James Bullard on CNBC.
Weiterlesen »