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Palo Alto Soars 15% On Thursday, But What Are Analysts Saying?
Thursday, June 1, 2017 - 2:17pm | 625Shares of Palo Alto Networks Inc (NYSE: PANW) gained more than 15 percent on Thursday after the company's fiscal third-quarter report handily exceeded expectations. Here is a summary of what some of Wall Street's most notable analysts are saying about Palo Alto's stock after the...
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Inside Palo Alto's 'Recovery Quarter'
Thursday, June 1, 2017 - 1:20pm | 537Reviewing Palo Alto Networks Inc (NYSE: PANW)'s third-quarter results, Wunderlich said investors will be encouraged by the better-than-expected in the recovery quarter. Q3 Review Analyst Bill Choi said the results showed signs of stabilization in sales cycles and improved predictability of...
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Proofpoint Continues To Execute At A High Level
Friday, April 21, 2017 - 9:50am | 426Bill Choi of Wunderlich maintains a Buy rating and $93 price target on Proofpoint Inc (NASDAQ: PFPT)'s stock after the company reported a better-than-expected first quarter report. Q1 In Review Proofpoint's reported revenue of $113.3 million came in ahead of consensus estimates by $110.6 million...
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What's Happening With Palo Alto Resellers?
Monday, March 6, 2017 - 9:15am | 301Palo Alto Networks Inc (NYSE: PANW) delivered a second-quarter miss and reduced its guidance. Discussions with reseller partners indicate healthy pipeline and win rates, while the market seems to have matured and competition has intensified, Wunderlich’s Bill Choi said in a report. While...
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Palo Alto Gains Market Share; Growth Approach Should Push Shares Higher
Wednesday, February 8, 2017 - 11:11am | 351Wunderlich’s Bill Choi believes Palo Alto Networks Inc (NYSE: PANW) has been improving its security platform, in an attempt to address the growing demand for hybrid cloud environments, protection related to SaaS applications, as well as protection against credential theft and abuse. The...
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On A Positive Note, FireEye Is Likely To Generate Full-Year Cash Flow In 2017
Friday, February 3, 2017 - 3:36pm | 395At a time when investors are thrashing FireEye Inc (NASDAQ: FEYE), Wunderlich analyst Bill Choi said the cybersecurity company’s continued reduction in costs would help it to generate full-year operating cash flow in 2017. Overall, Lackluster Print But, that was the only positive as FireEye...
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After A Strong Q4, Uncertainty Sets In For Tableau Software
Friday, February 3, 2017 - 9:16am | 318Shares of Tableau Software Inc (NYSE: DATA) surged 14 percent in the pre-market hours Friday on better-than-expected fourth-quarter results. But, Wunderlich analyst Bill Choi prefers to remain on the sidelines, citing uncertainty from ratable mix for FY 2017. Quarter Review Driven by strength in...
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A Preview Of Symantec's Q3 Results
Monday, January 30, 2017 - 11:53am | 347Symantec Corporation (NASDAQ: SYMC) is scheduled to report its Q3:17 results after the close on Wednesday. Wunderlich’s Bill Choi maintains a Buy rating on the company, with a price target of $30. Q3 Expectations “We're slightly adjusting our Q3 estimates for incremental FX...
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Use Any Weakness In Proofpoint To Accumulate Shares
Friday, January 27, 2017 - 9:43am | 288Proofpoint Inc (NASDAQ: PFPT) reported strong Q4 results on Thursday, beating expectations, and raised its 2017 guidance. “Looking forward, PFPT will see additional tailwind from larger McAfee conversions, accelerating adoption of Office 365 driving SaaS-based security protection, and...
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Wunderlich Sees Room For Proofpoint To Guide Higher
Wednesday, January 25, 2017 - 9:41am | 296Wunderlich’s Bill Choi believes “the acceleration of market share gains, as well as continued upsell of TAP (targeted attack protection) and diversification toward archiving and governance, should help Proofpoint Inc (NASDAQ: PFPT) garner a high multiple and warrant a material premium...
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2 Reasons Buying Tableau Software Shares Has Become Riskier
Thursday, January 5, 2017 - 10:25am | 329Wunderlich’s Bill Choi believes that there could be two reasons for higher risk of earnings volatility for Tableau Software Inc (NYSE: DATA). Choi downgraded the rating on the company from Buy to Hold, while lowering the price target from $58 to $50. Risks “While growth expectations...
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Palo Alto Scares The Cybersecurity Sector
Tuesday, November 22, 2016 - 11:33am | 315Palo Alto Networks Inc (NYSE: PANW) shares are being dumped after the cybersecurity firm belied all optimistic expectations concerning its quarterly results. The company reported fiscal year 2017 first-quarter non-GAAP earnings of 55 per share, up from $0.34 per share last year, and also...
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Analyst: Palo Alto Well Positioned To Gain Market Share, Generate Operating Leverage
Tuesday, November 22, 2016 - 8:57am | 290Despite the “surprising” revenue miss reported by Palo Alto Networks Inc (NYSE: PANW) for Q1, Wunderlich’s Bill Choi believes “the company is well positioned to gain market share and generate operating leverage.” Choi maintained a Buy rating on the company, with a...
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LifeLock Could Be 'Too Good An Opportunity' For Symantec To Pass Up
Tuesday, November 15, 2016 - 10:18am | 301After market close Monday, Bloomberg reported that Symantec Corporation (NASDAQ: SYMC) may place a bid for Lifelock Inc (NYSE: LOCK) at a valuation of $2 billion. The acquisition makes strategic sense for Symantec, and LifeLock could be “too good of an opportunity to pass up,”...
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FireEye's Q3 Is All About These 2 Things
Thursday, November 3, 2016 - 2:24pm | 351FireEye Inc (NASDAQ: FEYE) is scheduled to report its third-quarter results after Thursday's market close. FireEye's peer Cyberark Software Ltd (NASDAQ: CYBR) impressed the Street with its strong results for the third quarter, but the stock's 5 percent gain on Thursday isn't boosting Fireye's stock...