Palo Alto Networks Inc
PANW: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$619.00 | Fhbt | Cwxkzldyg |
Palo Alto Networks Earnings: A Strong Result Amid a Challenging Macroenvironment
We are raising our fair value estimate to $225 per share from $200 for wide-moat Palo Alto Networks after the firm reported yet another stellar quarter with strong top- and bottom-line results. Amidst a dreary macro backdrop, we continue to be impressed by Palo Alto’s strong execution and robust sales pipeline, which has helped insulate its financials from macro-induced contractions. With the shares up around 4% after hours, we believe Palo Alto is marginally undervalued.