What's Going On With Palo Alto Networks?
Portfolio Pulse from Ryan Gustafson
Palo Alto Networks (PANW) shares are trading higher after the company partnered with Orange Business and Orange Cyberdefense (ORAN) to offer a managed Secure Access Service Edge (SASE) solution for enterprise customers. BTIG analyst Gray Powell maintained a Buy rating for PANW and raised the price target from $253 to $307.
June 22, 2023 | 6:09 pm
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POSITIVE IMPACT
Orange Business and Orange Cyberdefense partner with Palo Alto Networks to offer a managed SASE solution for enterprise customers.
The partnership with Palo Alto Networks to offer a managed SASE solution addresses the growing demand for secure remote work solutions and expands Orange's service offerings. This collaboration is expected to have a positive impact on ORAN's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Palo Alto Networks partners with Orange Business and Orange Cyberdefense to offer a managed SASE solution, and BTIG analyst raises price target.
The partnership with Orange Business and Orange Cyberdefense to offer a managed SASE solution addresses the growing demand for secure remote work solutions. Additionally, the raised price target by BTIG analyst Gray Powell indicates a positive outlook for the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100