Wall Street analysts are riding high after Palo Alto Networks' earnings beat. The cybersecurity firm defied expectations with a quarterly earnings beat , assuaging concerns over the company's decision to release results after the closing bell on a Friday. Shares traded more than 15% higher on Monday as Wall Street digested the report. Several analysts also lauded the results.
mountain Palo Alto Networks added more than 15% on Monday. "We maintain a Buy rating on the stock as we believe Palo Alto's combination of organic development and M & A allows it to drive durability of growth in an industry known for its rapid product cycles, and that its cross-sell strategy will drive superior unit economics over the long run," Borges said.
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مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »
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مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »
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مصدر: nbcchicago - 🏆 545. / 51 اقرأ أكثر »
Palo Alto Networks shares rise more than 12% after earnings reportThe cybersecurity vendor's share price jumped after investors found little to be concerned about in the after-the-bell Friday report.
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Palo Alto Networks shares rise more than 14% after earnings reportThe cybersecurity vendor's share price jumped after investors found little to be concerned about in the after-the-bell Friday report.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »