Report
Mark Cash
EUR 100.00 For Business Accounts Only

We Expect Growth and Margin Expansion as Palo Alto Networks Builds an Ecosystem of Products

Palo Alto Networks reported solid fourth-quarter and fiscal-year 2018 results and we are raising our fair value estimate to $217 per share, from $190 previously, as we roll our model for the new fiscal year. Additionally, we are maintaining our no-moat, positive trend rating. Our expectations for fiscal 2019 track modestly ahead of consensus. We note our thesis on Palo Alto is that while it disrupted the industry through the introduction of a next-generation firewall, the firm is increasingly be...
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
Mark Cash

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