Palo Alto Networks Inc. shares are basking in the ultimate relief rally Monday after the company's Friday night earnings scare proved a fakeout.
Palo Alto Networks Inc. shares are basking in the ultimate relief rally Monday after the company’s Friday night earnings scare proved a fakeout.
“Overall the call reinforced our view that Palo Alto remains in a great position to consolidate enterprise security spend and in turn, remains a great way to invest in security at the platform level with expanding margins,” RBC Capital Markets analyst Matthew Hedberg wrote in a note to clients. He wrote: “At the end of the day, the timing of the event sent investor sentiment to an all-time tactical low heading into the print, yet results were better than feared and there was no catastrophic news. Our thesis that [Palo Alto] is the best brand in the security market with the most relevant products to sell into a large base of [chief information security officers] remains unchanged, we see room for upside to current [fiscal 2026] targets, and we are glad we kept our season tickets.
“After weeks of consternation, the [fiscal fourth-quarter] earnings and analyst day went much better than many had feared, but we are remaining Neutral on shares with a view that new estimates leave limited room for expansion,” he wrote.
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