Palo Alto Networks (NASDAQ:PANW) Faces Downgrade but Shows Strong Financial Performance

HSBC downgraded Palo Alto Networks (NASDAQ:PANW) from "Hold" to "Reduce," yet Wedbush maintains an 'Outperform' rating with a price target of $225.The company reported revenue of $2.47 billion, surpassing Wall Street expectations, with a gross margin of 76.9% and an operating margin of 30.2%.Despite a 7.3% drop in share price following the downgrade, Wedbush views the decline as a buying opportunity, highlighting the company's strong financials and market position.Palo Alto Networks, a leading cybersecurity ...