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Palo Alto receives Pac Crest PT hike, partners with Citrix to challenge F5

  • A day after Wells Fargo upgraded Palo Alto Networks (PANW +5%) to Outperform, Pac Crest has hiked its PT to $75 from $65, while reiterating an Outperform.
  • The note, which comes 20 days before Palo Alto's FQ2 report, has helped shares move back above $60. They also rallied in December in response to an upbeat Pac Crest note.
  • Separately, Palo Alto and Citrix (CTXS +1.1%) have announced an expansion of their security/networking partnership (previous). Citrix's NetScaler SDX application delivery controllers (ADCs - they analyze Web traffic at the application level and direct it to/from servers) will now support "virtual" instances of Palo Alto's next-gen firewalls.
  • The companies note different instances of Palo Alto's virtual firewall products, known as the VM-Series, can be tailored to the needs of different apps when placed within a Citrix ADC. The firewalls still leverage Palo Alto's proprietary PAN-OS operating system.
  • The partnership is aimed in part at F5 (FFIV +1.4%). F5 has launched firewall and app security modules for its market-leading ADCs, and is attempting to grab security share from incumbents with the help of its full-proxy architecture.
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Comments (7)
  • Weighing Machine
    , contributor
    Comments (700) | Send Message
     
    Pac Crest isn't even capable of reporting facts correctly...why would anyone care about their opinions??
    4 Feb, 02:45 PM Reply Like
  • DougRk
    , contributor
    Comments (1593) | Send Message
     
    The risk of the JNPR lawsuit is so big, it's hard to fathom how PANW doesn't lose 50% overnight with a loss.
    4 Feb, 04:13 PM Reply Like
  • RyanJoe555
    , contributor
    Comments (54) | Send Message
     
    The final outcome of the Juniper-Palo Alto lawsuit will be little more than a meaningless settlement. Palo Alto Networks has grown big enough to withstand a major judgment. Moreover, partner confidence in Palo Alto Networks continues to grow as it operates one of the best channel programs in the business. Juniper, on the other hand, will profit little from a victory and lose little in a loss, as the remediation of infractions won’t make much of a difference in its market position.
    4 Feb, 08:51 PM Reply Like
  • RyanJoe555
    , contributor
    Comments (54) | Send Message
     
    In other words, CTFD dsr.
    4 Feb, 08:53 PM Reply Like
  • DougRk
    , contributor
    Comments (1593) | Send Message
     
    @ryan, that's interesting to hear. My cursory reading of the case was that the patents are the core of PANW's products. Why is that not the case? Specifically the 459.
    4 Feb, 09:38 PM Reply Like
  • RyanJoe555
    , contributor
    Comments (54) | Send Message
     
    Why dont you tell me exp rev generated from the 459 on nxt gen firewalls for panw for the next quarter? Ill make it simople. Give me the figure within 10 million dollars DSR.
    5 Feb, 12:00 AM Reply Like
  • DougRk
    , contributor
    Comments (1593) | Send Message
     
    @ryan, if I could do that I'd be a genius. For others, this is a good summary of the patents and the arguments put forth by both sides, table starting on p. 5: http://goo.gl/QR7vAe
    5 Feb, 02:34 PM Reply Like
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