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Vetr Urges Buy On The Heels Of Palo Alto's Earnings Miss

Chris Dier-Scalise

On Thursday, the Vetr crowd upgraded their rating for Palo Alto Networks Inc (NYSE: PANW) from 3 stars (Hold), issued 30 days go, to 5 stars (Strong Buy). At the time of the upgrade, crowd sentiment for Palo Alto was almost completely positive, with 95 percent of Vetr user ratings bullish.

The cybersecurity firm's share price plummeted by more than 20 percent after the company released Q2 earnings on February 28. Palo Alto hit analyst estimates for EPS, but missed revenue estimates, posting revenue of $422.60 million compared to the estimated $429.89 million.

Palo Alto's closed today at $116.49, about $1.30 above its previous close.

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Currently, the Vetr crowd's average target price for the stock is up at $142.35, which is still below the average analyst target price of $156.80. Less than 2 percent of Vetr users are holding PANW in their watch lists.

Latest Ratings for PANW

Date Firm Action From To
Mar 2017 Argus Research Downgrades Buy Hold
Mar 2017 Imperial Capital Downgrades Outperform In-Line
Mar 2017 Wunderlich Downgrades Buy Hold

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