00:00Palo Alto reports earnings after the market closes today, and analysts just made their move.
00:05Wall Street expects $0.94 per share on $2.58 billion in revenue, both higher than last year.
00:12But here's where it gets interesting. Multiple top analysts kept buy ratings and still cut price
00:17targets. BTIG dropped from $248 to $200. Barclays cut to $200 as well. JPMorgan lowered to $225.
00:26So expectations are rising, but confidence is getting more cautious. Meanwhile, Palo Alto
00:32just completed its CyberArk acquisition, $45 in cash plus 2.2005 shares per deal, adding another
00:41layer to the growth story. We'll be streaming the full earnings call live today on Benzinga's
00:46YouTube channel. And if you want the numbers, analyst revisions, and headlines the second they
00:50hit, Benzinga Pro lets you see it in real time before the move. This could be a volatility
00:56set up.
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