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Analysts Upgrade Palo Alto Networks After Earnings: What You Need to Know [The Motley Fool]

Palo Alto Networks, Inc (PANW)  More Company Research Source: The Motley Fool
Last palo alto networks, inc earnings: 11/29 04:15 pm Check Earnings Report
PDF Some bankers are warming to the internet security provider -- but others are slashing their price targets. Every day, Wall Street analysts upgrade some stocks, downgrade others, and initiate coverage on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope... Cybersecurity specialist Palo Alto Networks ( NYSE:PANW ) reported its fiscal Q1 2019 earnings  yesterday. The results were pretty impressive. Expected to earn $1.05 per share on revenue of $631.9 million, Palo Alto instead reported EPS of $1.17 (albeit, pro forma) on $656 million in revenue. Furthermore, the company announced new guidance for its second fiscal quarter of 2019 that likewise exceeded estimates. According to management, Palo Alto is on a path toward earning $1.20 per share or better (analysts are only looking for $1.20, period), with sales likely to come in close to $680 million -- ahead [Read more]

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