Report
William Fitzsimmons
EUR 100.00 For Business Accounts Only

We Expect Palo Alto Networks to Build an Ecosystem of Security Products; Raising FVE to $182

We have taken a fresh look at Palo Alto Networks and are raising our fair value estimate to $182 per share, from $154. Additionally, we have maintained our no-moat rating, but improved our trend rating to positive from stable. We have greater confidence that Palo Alto’s growing suite of products will create a platform for clients, increasing average revenue per customer and leading to strengthening switching costs. Further, we have lowered our fair value uncertainty rating to high from very high...
Underlying
Palo Alto Networks Inc.

Palo Alto Networks provides a platform that allows enterprises, service providers, and government entities to secure their organizations. The company's platform uses a traffic classification engine that identifies network traffic by application, user, and content and provides security across the network, endpoint, and cloud. The company's product, subscription, and support offerings include: firewall appliances and software; and Panorama, which is a centralized security management solution for global control of various firewall appliances and software deployed on an end-customer's network as well as in their instances in public or private cloud environments as a virtual appliance or a physical appliance.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
William Fitzsimmons

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