Palo Alto Networks shares on pace for worst day since 2012 IPO

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 ...