What to Watch For on Palo Alto Networks Stock After Post-Earnings Plunge
Palo Alto(PANW) investopedia.com·2024-05-21 02:23
Key TakeawaysPalo Alto Networks shares fell nearly 9% in extended trading Monday after the cybersecurity firm issued a lackluster current-quarter and full-year outlook.The company's muted guidance has raised concerns about its recent move to a consolidated cybersecurity platform aimed at driving growth among cautious enterprise customers.Palo Alto Networks shares find a zone of support between $281 and $295 from the 50-day moving average and price action over the past five months. Shares in Palo Alto Networ ...