Palo Alto Networks: Share Price And Fundamentals Continue To Diverge

Palo Alto Networks' (NASDAQ: PANW ) share price continues to move higher, driven predominantly by multiple expansion. There is little to warrant this from a fundamental perspective though, as Palo Alto's growth remains modest, and its cash flow margins are coming under pressure. WhileRichard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adjusted retu ...