Palo Alto Networks Inc (NYSE:PANW) is set to post fiscal fourth-quarter earnings on Tuesday, August 30th, after the market close. Ahead of results, Nomura analyst Frederick Grieb reiterates a Buy rating on shares of PANW with a $200 price target, which represents a 40% increase from where the stock is currently trading.

Grieb models $389.7 million in revenue for PANW’s fourth quarter, which falls very close to the Street’s projection of $389.9 million and at the high end of guidance ranging from $386 to $390 million.

Remaining positive on the company’s consistently well-rated product offerings, Post concludes, “While Palo Alto is one of the more expensive network security names in our coverage universe and the stock has underperformed over the past quarter, we believe that it remains a core holding given the current customer focus on cyber security, as well as the company’s strong technology and market share gains. Our checks suggest another good quarter, and we maintain our Buy rating into F4Q’16 earnings.”

According to TipRanks, which measures analysts’ and bloggers’ success rate based on how their calls perform, five-star analyst Frederick Grieb is ranked #181 out of 4,122 analysts. Grieb upholds a high 72% success rate and realizes 14.2% in his annual returns. When recommending PANW, Grieb earns 17.4% in average profits on the stock.

TipRanks analytics demonstrate PANW as a Strong Buy. Based on 21 analysts polled in the last 3 months, 17 rate a Buy on PANW, while 4 maintain a Hold. The 12-month average price target stands at $184.69, marking a 30% upside from where the shares last closed.

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