Following first-quarter results, analysts at Deutsche Bank raised the price target on shares of Palo Alto Networks Inc (NYSE: PANW) from $100 to $125 and reiterated the Buy rating.
For the first quarter the company reported EPS of $0.15 on revenue of $192.30 million, beating top and bottom line estimates.
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Karl Keirstead finds the results were strong for the company and highlighted positives from the quarter:
- “In a market that's growing at a 5%-10% clip, PANW's 50% revenue growth and 52% billings growth don’t imply any slowdown in the pace of market share gains.”
- “The up-sell of subscription modules was very strong and it doesn’t feel as if PANW is reaching an attach rate ceiling.”
- “WildFire reached 4,000 paid customers, up from 3,000 last quarter, representing 19% of PANW’s total customer base of 21,000. OCF margins of 39% were at record levels and non-GAAP operating margins of 10.6% were well above our 9% estimate, making PANW’s guidance for 4QFY15 operating margins of “low-teens” seem very doable.”
Shares of Palo Alto Networks recently traded at $117.89, up 4 percent.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.