William Blair Maintains Outperform On Palo Alto Networks Following Impressive F4Q14 Results
In a research report issued yesterday, William Blair analyst Jonathan Ho maintained an Outperform rating on Palo Alto Networks (NYSE:PANW). No price target provided. The report followed the company’s F4Q14 results, which were impressive and exceeded expectations.
Ho observed, “We were again impressed by another strong quarter, with Palo Alto’s revenue and billings well above our expectations and showing acceleration in the growth of the business. Consistent with our surveys, we believe Palo Alto is gaining market share at an accelerated rate as a result of the broader transition from legacy firewalls to next- generation firewalls where the company has garnered significant mind share. We would continue to be buyers of the stock, given prospects for continued strong growth in the business and the potential for further positive earnings revisions.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Jonathan Ho has a total average return of 5.0% and a 63.6% success rate. Ho has a 9.7% average return when recommending PANW, and is ranked #1643 out of 3277 analysts.