Core Viewpoint - Palo Alto Networks (PANW.US) reported mixed financial results for Q3 due to market volatility in April, but analysts remain optimistic about the stock, anticipating clearer growth prospects in Q4 [1] Financial Performance - Q3 FY2025 sales increased by 15% year-over-year to $2.29 billion, slightly above analyst expectations of $2.28 billion [1] - Net profit decreased by approximately 6% to $262 million, with adjusted earnings per share at $0.80, exceeding the expected $0.77 [1] - Non-GAAP gross margin was 76%, below the anticipated 77.2% [1] Subscription Revenue Concerns - Subscription revenue grew by 18% to $1.234 billion, falling short of the market expectation of 20.1% and lower than the 20% growth rate in Q2 [1] - Analysts noted that the slowdown in subscription growth is a key concern, similar to trends observed in Fortinet [1] Analyst Ratings and Price Targets - Morgan Stanley reiterated an "Overweight" rating with a target price of $205, highlighting the CEO's candid discussion about challenges in Q3 [2] - Bank of America maintained a "Neutral" rating with a target price of $125, citing concerns over peak financial metrics and high non-GAAP P/E ratios [2] - Evercore ISI kept an "Outperform" rating and raised the target price from $215 to $220, acknowledging healthy platform and new product metrics [2] - Wedbush also maintained an "Outperform" rating with a target price of $225, viewing 2025 as a transformative year for the company [2] Industry Context - Cybersecurity peers experienced stock price declines, with Fortinet and Check Point Software Technologies down 0.5% and 0.6%, respectively, while CrowdStrike and SentinelOne fell by 1% and 2.5% [3]
关税拖累Palo Alto Networks(PANW.US)三季度业绩 华尔街普遍看好四季度前景