AllAnalyst Report
logoArgusMarch 22, 2024

Palo Alto Networks, Inc.: Raising target price to $336

Symbols
PANW
Sector(s)
Technology
Rating
Current Price
$291.42
Price Target
Earnings Estimate
Summary

Palo Alto provides integrated internet security solutions for enterprise customers. The company's solutions are based on its 'next-generation' firewall and security platform, and also include software applications for various enterprise security needs. The company's founders include current Chief Technology Officer Nir Zuk, formerly of Checkpoint Software. The company shipped its first products in 2009 and completed its IPO in July 2012 at an initial share price of $42. Pal

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Analyst Profile

Joseph F. Bonner, CFA

Senior Analyst: Communication Services & Technology
Joe covers the Communication Services sector and selected software technology stocks for Argus. In 2010, he was named #5 Stock Picker for Telecom Services in the Wall Street Journal's Best on the Street Analyst Survey. In 2008, Joe was named #1 Stock Picker for Media: U.S. by the Financial Times and was second in the Wall Street Journal's Best on the Street Analyst Survey for Telecommunications: Fixed Line. For more than a decade, Joe worked with Technicolor Inc., where he focused on financial and legal issues. He received his Masters in Business Administration from Fordham University in New York, where he concentrated in Finance. He earned a BA in International Affairs from the George Washington University, and spent three years with the Peace Corps in Talgar, Kazakhstan, developing an English Language resource center and teaching students. Joe is a CFA charterholder.