Barclays keeps an Overweight rating on Palo Alto Networks (PANW) with a $345 price target after company acquired IBM‘s (IBM) QRadar software-as-a-service business. The deal will help Palo Alto’s Xsiam story, particularly as the market sees disruption from Cisco’s Splunk acquisition, the analyst tells investors in a research note. The firm adds that it does not know the cost of the transaction yet.
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