Palo Alto Networks Delivers Strong 2Q 2018 Results with Robust Guidance; Raising FVE to $154
We are raising our fair value estimate to $154 per share for Palo Alto Networks and maintaining our no-moat rating. The firm delivered a strong quarter across the board, surpassing our expectations and providing a boisterous guidance raise for the second-half of fiscal 2018. Management guided revenue for the year up to 25% growth at the midpoint, well above our initial assumptions.The subscription and services segment continued to deliver outsize performance, but the firm was aided by a strong ...
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