Palo Alto strong results miss investor expectations, says William Blair William Blair believes Palo Alto's Q4 deceleration from triple]digit revenue growth in prior quarters likely disappointed some investors, causing the stock to sell off in after-hours trading last night. However, the firm views the sell-off as more of a near]term reaction rather than changes in the company's fundamental growth opportunity. William Blair keeps an Outperform rating on shares of Palo Alto.
News For PANW From The Last 14 Days
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Palo Alto upgraded at Morgan Stanley As previously reported, Morgan Stanley upgraded Palo Alto to Overweight from Equal Weight. The analyst said Palo Alto is benefiting from security spending for Next Gen Firewalls and can sustain 35%+ revenue growth. Price target is $65.
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