Palo Alto Networks Shares Are Trading Higher: What's Driving The Action?
Portfolio Pulse from Adam Eckert
Palo Alto Networks (PANW) shares are trading higher after reporting better-than-expected Q3 results and strong earnings guidance. Revenues were up 24% YoY, and several analysts raised price targets following the announcement.

May 24, 2023 | 1:19 pm
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Palo Alto Networks shares are up after reporting better-than-expected Q3 results and strong earnings guidance, leading to several analysts raising price targets.
Palo Alto Networks reported better-than-expected Q3 results and strong earnings guidance, which has led to a positive market reaction and several analysts raising their price targets. This indicates increased confidence in the company's performance and growth potential, which is likely to have a positive short-term impact on PANW's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100