Palo Alto Networks expected to post quarter as platform strategy gains traction

  • Cybersecurity firm Palo Alto Networks Inc (NYSEANW, ETR:5AP) is expected to report strong fiscal third-quarter results after the bell on Tuesday, driven by rising enterprise demand and the company's expanding platformization strategy, according to a note from Wedbush. Wedbush, which maintains an “Outperform” rating and a $225 price target on the stock, said Palo Alto is one of its top cybersecurity picks over the next 12 to 18 months.