Список проголосовавших за комментарий " <table class="BriefingDataTable" border="0" cellspacing="0" cellpadding="0"><tr> <td class="tickerColumn"> </td> <td class="articleColumn">Palo Alto Networks: Color on Quarter (151.90)<ul><li><strong>Robert W. Baird downgrades PANW to Neutral</strong> from Outperform and lowers their tgt to $130 from $175 after co reported a soft FQ2 and offered FQ3 guidance that was well below expectations. Product rev expectations were lowered for the 2H'F17. Mgmt cited execution issues as opposed to competitive challenges. Firm believes <strong>Cisco (CSCO) has become a meaningfully stronger competitor per channel feedback</strong>. They feel more comfortable moving to the sidelines at this point as co works through a sales coverage reorg.</li><li><strong>First Analysis Sec downgrades PANW to Equal-Weight</strong> from Overweight and lowers their tgt to $120 from $175, believing mgmt will need time to regain investor confidence after a disappointing FQ2 and guidance materially below consensus for FQ3, representing the fourth consecutive quarter of what firm considers disappointing guidance and by far the largest shortfall vs. expectations to date. Mgmt is addressing the issues it sees, but firm thinks it will be a few quarters before investors find out if the company can continue to execute as well as it has historically, given its large scale, and whether the above-noted changes are the sole issue or competitive, product, or other issues are also factors.</li><li><strong>William Blair downgrades to Market Perform</strong></li><li><strong>Wunderlich downgrades to Hold</strong></li><li><strong>JP Morgan downgrades to Neutral</strong></li><li><strong>Maxim cuts tgt to $168 from $18</strong>5. Big picture, they remain Buy rated; brand recognition is reaching a zenith but not on decline, in our view. Guidance a huge disappointment, but expect aggressive buyback activity below $130/share to provide share price support. No longer see their long-term assumptions as conservative, but see as likely.</li><li>Stifel cuts tgt to $170 from $210. Palo Alto Networks reported F2Q17 results that largely underperformed Street expectations, with management citing sales execution issues as the primary driver of the company's underwhelming print. The co also announced that it has both acquired LightCyber, a behavorial analytics co, for $105mn in cash as well as increased its total share repurchase authorization by $500mn to $1bn. The repurchase authorization expires on December 31, 2018, and as of January 31, 2017, $330mn of the initial $500mn authorization remained available.</li><li>RBC cuts tgt to $140 from $170. While results and guidance were a big disappointment, they aren't throwing in the towel at these levels as they have confidence in their new estimates and believe management, which they still have a high degree of respect for, can fix the go-to-market issues and deliver above-peer growth. Maintain OP rating and lower target to $140 as the stock is likely range-bound for the near term.</li><li>BMO cuts gt to $132 from $160. They had thought that PANW would report very modest upside to its January quarter, but PANW missed their/consensus estimates, which they believe was <strong>driven by both execution and competitive issues.</strong> They believe PANW's growth will continue to slow, given that <strong>PANW is a more expensive solution</strong>. They believe that <strong>CHKP may be the best stock of the leading network security providers</strong>, given that they don't think CHKP will face decelerating revenue pressures.</li><li><strong>PANW -20% premarket</strong>; may find support near the $120 level... <ul><li>Weghing on security peers: <strong>PFPT</strong> -1.68% <strong>CHKP</strong> -1.56% <strong>FTNT</strong> -1.37% <strong>SYMC</strong> -0.98% <strong>HACK</strong> -0.59% <strong>MIME</strong> -0.15% <strong>FEYE</strong> -0.09%</li></ul></li></ul></td> </tr></table>"