Palo Alto Networks' (PANW 5.33%) stock price plummeted 28% on Feb. 21 in response to the company's latest earnings report. In the second quarter of fiscal 2024, which ended on Jan. 31, the cybersecurity company's revenue rose 19% year over year to $1.98 billion and exceeded analysts' estimates by $10 million. Its adjusted earnings grew 39% to $1.46 per share and cleared the consensus forecast by $0.16.Palo Alto's headline numbers seemed healthy, but it followed up its earnings beat with a reduction to its f ...

Palo Alto Networks (PANW 5.33%) has been one of the best leaders in the cybersecurity sector, with the stock having been up about 116% in the past year alone.That is until Wednesday, Feb. 21, when the stock plunged over 28% in a single day following its second quarter earnings.Investors were spooked when Palo Alto lowered its prior guidance for the year. In its defense, management said the lower guide was due to a deliberate aggressive pricing strategy aimed at winning market share.But should investors real ...

Veteran investors know the time to step into good stocks is after an erroneous sell-off. That's why so many people are now eying Palo Alto Networks (PANW 5.33%) shares following Wednesday's post-earnings dip. The 28% tumble is a huge discount on a solid company's stock.This is one of those cases, however, where interested investors might want to keep their powder dry for at least a few more days. This plunge is different than the typical setback for most stocks. It could linger, and perhaps even worsen befo ...

Shares of Palo Alto Networks (PANW 5.33%) dropped over 25% this week, according to data from S&P Global Market Intelligence. The cybersecurity giant dropped its revenue and billings guidance for fiscal year 2024, causing analysts to lower their price targets. Shares of Palo Alto Networks have soared in the past year with more and more cybersecurity threats emerging and government mandates in places like the U.S. Despite this recent drop, Palo Alto Networks stock is up 50% in the last 12 months.Slowing growt ...

SANTA CLARA, Calif., Feb. 23, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today that members of its management team will be presenting at the following financial community events: Morgan Stanley Technology, Media & Telecom ConferenceTuesday, March 5, 202411:45 a.m. PST Additional information about upcoming investor event participation and a live audio webcast of each presentation will be accessible from the "Investors" section of the Palo Alto Networks ...

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Palo Alto Networks (“Palo Alto” or the “Company”) (NASDAQ:PANW). The investigation concerns whether Palo Alto and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [Click here to learn more about the investigation] On February 20, 2024, during after-market hours, Palo Alto announced its financial results for Q2 2024 and lowered its ...

Palo Alto Networks (PANW) unveiled an offer for qualified customers that will help them shift to Cortex XDR and use the platform under a "no-cost" package until the existing contract expires. The package also includes Quickstart Professional services and agent migration.Cortex XDR was launched in February 2019, as a detection, investigation and response solution that combined network, endpoint and cloud data. The product utilizes behavioral analytics to mitigate the cyberattacks before the adversary inflict ...

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Nikesh Arora, CEO of Palo Alto Networks, speaks on CNBC's "Squawk Box" at the WEF Annual Meeting in Davos, Switzerland, on Jan. 16, 2024.Palo Alto Networks shares are on pace for their worst trading session since the cybersecurity hardware and software maker's 2012 initial public offering, dropping as much as 28% Wednesday. The plunge came a day after the company reduced its full-year revenue guidance.The stock doubled in value in 2023 as cyberattacks against 23andMe, Chinese bank ICBC, MGM Resorts and othe ...

Cybersecurity stocks were hit hard Wednesday after Palo Alto Networks Inc. (PANW) lowered its full-year sales guidance, raising concerns about industrywide headwinds. Palo Alto Networks late Tuesday said it now expects fiscal 2024 revenue in the range of $7.95 billion to $8 billion, down from a November estimate of between $8.15 billion and $8.2 billion. Total billings, which include deferred revenue, are expected to be between $10.1 billion and $10.2 billion; the company previously forecast a range of $10. ...