Shares of Cisco Systems (CSCO) are up 34 cents, or 1%, at $33.74, after Credit Suisse’s Kulbinder Garcha today raised his rating on the shares to Outperform from Underperform, and raised his price target to $40 from $27, arguing that tit can make some meaningful acquisitions, possibly Splunk (SPLK), ServiceNow (NOW), and Palo Alto Networks (PANW), and that it’s earnings can grow, despite challenges in its switching equipment business, the largest single chunk of Cisco’s revenue. All in all, he’s come to believe in the “transformation”Cisco has articulated to the Street. "At the heart of our change of view,” writes Garcha, "is that the company is embarking on a successful transformation that diversifies the business away from switching, becoming a more diversified IT player with a higher recurring element of software offerings." Garcha notes Cisco has shifted “away from networking”: Networking represented 83% of revenues in year 2000 and 53% in 2010, but now stands at 45% today.
- Motley Fool•4 days ago
The short-term headwinds at Palo Alto Networks shouldn't last long.
- Motley Fool•7 days ago
As Sonus transitions its business, it enlisted the help of a security firm. Here's why and what it means for investors.
PANW : Summary for Palo Alto Networks, Inc. Common - Yahoo Finance
Palo Alto Networks, Inc. (PANW)
NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
|Day's Range||107.37 - 109.82|
|52 Week Range||107.31 - 165.69|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-39.32|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|