Why Is Palo Alto Networks (PANW) Stock Down 24% Today?

Palo Alto Networks (NASDAQ:PANW) stock is falling on Wednesday following the release of the cybersecurity company’s fiscal Q2 2024 earnings report.What’s dragging the stock lower today is the outlook in its latest earnings report. The company’s estimates for fiscal Q3 and the full year of 2024 don’t have investors excited.Starting with its fiscal Q3 guidance, Palo Alto Networks expects adjusted earnings per share to range from $1.24 to $1.26. That would come in below Wall Street’s estimate of $1.29 per shar ...