Palo Alto Networks shares plunge 13% after company cuts full-year billings, revenue guidance
Palo Alto(PANW) CNBC·2024-02-20 21:12Shares of cybersecurity company Palo Alto Networks plunged 13% in extended trading Tuesday, after the company reported a beat on the top and bottom lines but lowered its full-year guidance for revenue and billings.Here's how the company did compared to LSEG, formerly Refinitiv, estimates:Earnings per share: $1.46, adjusted, vs. $1.30 expectedRevenue: $1.98 billion vs. $1.97 billion expectedThis is breaking news. Please check back for updates. ...