Northland lowered the firm’s price target on Palo Alto Networks (PANW) to $177 from $210 and keeps a Market Perform rating on the shares. Strong software firewall sales drove an in-line quarter and Q4 guidance largely met consensus across key metrics, says the analyst, who tempers longer-term growth expectations and no longer believes it is merited to project acceleration above the 17% to 19% growth rate Palo Alto had intimated at the beginning of the platformization process.
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