BMO Capital Markets analyst, who ranks 584th out of over 8,500 analysts on TipRanks, noted that the company's fiscal 2024 guidance of 19% to 20% year-over-year billings growth and an 37% to 38% adjusted free cash flow margin was better than expectations of mid-teens billings growth and a FCF margin in the mid-30% range.
Bachman thinks that the trend of consolidating solutions with leading security vendors will continue as the threat landscape evolves and as generative AI emphasizes the need for data aggregation. He added that implementing a consolidated portfolio enhances the prospects for real-time threat detection and remediation.
The analyst highlighted that customers are increasingly adopting each of PANW's three platforms , as they look for integrated solutions and unified data models. He increased his price target to $275 from $235 and reiterated a buy rating on Palo Alto. "We believe that the strength of PANW's portfolio and the consolidation of spend are key drivers of PANW's long-term targets and net new NGS ARR [next-generation security annual recurring revenue] growth," said Bachman.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Stocks edge higher after data point to a cooling labor marketStocks edged higher on Wall Street after a choppy day of trading.
더 많은 것을 읽으십시오 »