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Stock impact report

Palo Alto Networks could rise 22% on the back of increased government spending to combat cyber threats, Wedbush says [The Business Insider]

Palo Alto Networks, Inc. (PANW) 
Last palo alto networks, inc. earnings: 2/24 04:15 pm Check Earnings Report
Tech Sgt Noe Kaur, a cyber-defense supervisor with the 1st Combat Communications Squadron, launches cyberattacks as part of an exercise at the US Air Forces in Europe Regional Training Center at Ramstein Air Base in Germany, March 8, 2019US Air Force/Master Sgt Renae PittmanPalo Alto Networks stock could surge 22% from increased government spending on cybersecurity, Wedbush said in a Sunday noteHigh-profile cyber attacks againstSolarwindsColonial PipelineWedbush raised its price target on Palo Alto Networks to $600, representing potential upside of 22% from Friday's close The investment firm cited internal checks on cybersecurity spending that are tracking strong for the third quarter"Our September quarter checks have been robust for the cyber security space as deal flow is clearly accelerating into year-end on the digital transformation shift among enterprises and governments," Wedbush explainedMuch of that spending is being driven by the government, as civilian and defense agencies Show less Read more
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