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The Latest Breaking News from Michael Turits

Analysts Cheer Workday's Better Than Feared Q2 Amid Macro Concerns

Workday, Inc (NASDAQ:WDAY) clocked 21.9% revenue growth in Q2 to $1.54 billion, which beat average analyst estimates. The subscription revenues of $1.37 billion were up 22.8%. Workday reported EPS of $0.83, which beat average analyst estimates. Workday reported solid 2Q23 results highlighted with an uncertain macro backdrop pressuring sales much less than feared, Needham analyst…

Benzinga · Aug 26, 2022

7 Analysts On Palo Alto Networks And Its Journey To Reach A $100B Market Cap

Palo Alto Networks Inc.’s (NASDAQ: PANW) stock climbed Monday after the Santa Clara, California-based company reported strong quarterly earnings and announced a 3-for-1 stock split.

Benzinga · Aug 23, 2022

Here's How KeyBanc Rates WalkMe Post Q1 Results

KeyBanc analyst Michael Turits downgraded WalkMe Ltd (NASDAQ:WKME) to Sector Weight from Overweight without a price target. The re-rating followed a modest first-quarter revenue beat, but an ARR miss, decline in quarterly enterprise DBNRR, slowing RPO growth, and -3% second-quarter revenue guide miss on slipped large deals in Q1. WalkMe maintained the 2022 revenue guide despite the…

Benzinga · May 24, 2022

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7 Analysts On Palo Alto Networks Earnings: Upbeat Results Despite 'Continued Tough Supply Environment'

Palo Alto Networks Inc (NASDAQ: PANW) reported revenues and earnings for its fiscal third-quarter ahead of expectations. BofA Securities On Palo Alto Networks: Analyst Tal Liani reiterated a Buy rating and a price target of $650.

Benzinga · May 20, 2022

GitLab Shares Pop As Analysts See Sharp Upside Post Q4

Analysts painted sharp upside to GitLab Inc (NASDAQ:GTLB) post strong Q4 results that included a notable top-line beat and FY23 guidance ahead of Street expectations. Truist analyst Joel Fishbein lowered the PT to $105 from $175 (217.2% upside) and kept a Buy, citing the change in discount rate assumptions since the IPO. KeyBanc analyst Michael Turits lowered…

Benzinga · Mar 15, 2022

Why Palo Alto Networks Shares Are Trading Higher Premarket

Analysts raised their price targets on Palo Alto Networks Inc (NASDAQ:PANW) following Q2 results. JPMorgan analyst Sterling Auty upgraded Palo to Neutral from Underweight with a PT of $620, up from $600 (30.4% upside). Palo Alto is one of the cybersecurity companies well-positioned to compete for the cloud security opportunity, Auty said. The analyst says the…

Benzinga · Feb 23, 2022

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