PREVIEW: Palo Alto edges lower ahead of Q1 results
** Shares of Palo Alto Networks PANW.O inch down 0.8% at $384.9 as cybersecurity firm is due to report fiscal Q1 results after the bell on Wednesday
** Analysts on avg. expect PANW's Q1 revenue to grow 12.9% to $2.12 bln - LSEG data
** Sees co reporting Q1 adj. EPS of $1.48 vs $1.38 compared to a year ago
** PANW's platform consolidation efforts seem to benefit as code to cloud intelligence has competitive advantage against other cloud security vendors, J.P. Morgan says
** Federal spend has been generally healthy across cyber so far in Q3 and will likely buoy PANW's Q1 results, Jefferies says
** "We continue to think FY25 FCF is more pressured than FY26, but PANW sees its visibility into FCF (free cash flow)increasing," Jefferies adds
** Avg. rating among 40 analysts covering stock is "buy", with median PT of $399.50
** Including session's move, PANW stock up ~31% YTD
Reporting by Priyanka.G
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