Market Overview

UPDATE: Nomura Initiates Palo Alto Network at Neutral on Risk/Reward

Share:
Related PANW
Technical Alert: Palo Alto Networks Higher In Eight Of Last Nine Sessions
UBS Breaks Down The Clouding Cyber Fundamentals
Palo Alto Seen Tightening 2017 Guidance On Cisco Rivalry (Investor's Business Daily)

Nomura initiated coverage on Palo Alto Networks (NYSE: PANW) with a Neutral rating and a $60 price target.

Nomura commented, "Palo Alto's core NGFW technology helps businesses enable their employees to safely use next-generation Web applications (e.g., Facebook, LinkedIn, and DropBox) and strengthens security across organizations. While the company's small size in a competitive and penetrated market would typically be a red flag, Palo Alto's leadership position in the disruptive NGFW market, coupled with a seasoned and respected management team, has helped the company achieve exceptional growth rates and go to market effectively against entrenched competitors. Despite We believe that the risk / reward is balanced given the current high valuation."

Palo Alto Network closed at $56.01 on Monday.

Latest Ratings for PANW

DateFirmActionFromTo
Aug 2016Cleveland ResearchDowngradesBuyNeutral
Jul 2016CitigroupMaintainsNeutral
May 2016RBC CapitalMaintainsOutperform

View More Analyst Ratings for PANW
View the Latest Analyst Ratings

Posted-In: NomuraAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (PANW)

View Comments and Join the Discussion!