It also asserts shares are trading at a 45%+ discount to those of companies growing at similar rates (Palo Alto posted 49% rev. growth in its Oct. quarter), and predicts the company's closely-watched legal battle with Juniper won't have serious consequences.
Shares are now up 27% from their early-November lows. They jumped two weeks ago after Palo Alto beat FQ1 estimates and reported strong deferred revenue growth.
Sentiment: Strong Buy
Agree. Now that it has turned it will be intresting to see if there is follow through. If revenues are there the PPS will increase substanically.
Palo Alto opened 2013 at $54+. Given the way revenues have grown this year it will be interesting to see if the stock still closes green for the year.
The volume is showing sellers have likely gone. The stock is set to take a leg up soon.
Thanks for the insight; I was checking this re: positive from CNBC - don't think I'm in for a possible 60-65 as opposed to floundering and/or dropping. May be wrong, but there are plenty of other stocks out there and I have my own headaches so Happy Thanksgiving.
FBN - New price target of $65 from $60. Growth, growth, growth. This stock has been hammered down and the market is so high.... it's a good play. Big day will be post ruling though.
nothing but fundamentals and future earnings holding this thing down. Read my post over a year ago on a Veterans view of PANW. Pretty much spot on so far for the 1 year and likely 2 to 3 year outlooks from a growth costs, GAAP and non GAAP observations. After 3 years, this thing will not be near $50.
Great article. Intel/Mcafee can be another possible firm that might want to acquire Palo Alto.
More strong evidence that Palo Alto's products are making a big impact in the next gen firewall market. Juniper should try to merge with Palo Alto and then take on the Ciscos of the world rather... More