Market Overview

UPDATE: Jefferies Initiates Palo Alto Networks at Hold; Growth with Matching Competition

Share:
Related
15 Billion-Dollar Companies With Negative Net Earnings
Barclays Downgrades FireEye, Prefers Palo Alto Networks & Fortinet
Cowen downgrades Fortinet, upgrades Palo Alto; FTNT -2.6% (Seeking Alpha)

Jefferies initiated coverage on Palo Alto Networks, Inc. (NYSE: PANW) with a Hold rating and a $59.00 price target.

Jefferies commented, "Palo Alto has emerged as a franchise security name due to its differentiated product approach—annual revenue growth of 167% over the last three years produced the fastest share gains in the $6bn-plus market. Sustained above market growth will be further dependent on outright competitive displacements against incumbents that have responded to Palo Alto's innovation lead, narrowing the margin for error."

Palo Alto Networks closed at $52.81 on Monday.

Latest Ratings for PANW

DateFirmActionFromTo
Jul 2015Cowen & CompanyUpgradesMarket PerformOutperform
Jun 2015BarclaysMaintainsOverweight
Jun 2015RBC CapitalMaintainsOutperform

View More Analyst Ratings for PANW
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (PANW)

Around the Web, We're Loving...

Get Benzinga's Newsletters