|Day's Range||115.90 - 117.76|
|52 Week Range||107.31 - 165.69|
|PE Ratio (TTM)||-42.45|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Cisco is generating more revenues through software and businesses with recurring revenue. But the networker could speed the transition through M&A.
After suffering a double-digit plunge in February, the stock has begun to bounce back -- is the rally sustainable?
Shares of security technology vendor Palo Alto Networks (PANW) today rose $2.79, or 2.5%, to close at $116.50, after Jefferies & Co.’s John DiFucci raised his rating on the shares to Buy from Hold, and raised his price target to $150 from $130, after concluding the company’s results will improve now that it is past the hardest part of its product refresh. DiFucci’s opinion on Palo Alto comes out of a separate note he released today in which he takes a look at the phenomenon of security appliances and the sales patterns that help or hurt company results.