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Shares of Palo Alto Networks (PANW) are soaring in pre market trading today after the company beat earnings estimates.  PANW stock is currently up 13% to $133.50 on light volume.

Palo Alto Networks (PANW) reported earnings of $0.61 vs $0.55 expected last night.  The company also raised EPS guidance by about 10% for next quarter.

With such a great quarter in the bag, Cowen raised their price target to $165 from $150.

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