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Actionable news in PANW: PALO ALTO NETWORKS INC,

Nomura Previews Palo Alto Networks Inc (PANW) Ahead of F4Q:16

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...