Why Palo Alto Networks Stock Is Jumping Today
Palo Alto Networks (NASDAQ: PANW) stock is making gains in Monday's trading. The cybersecurity specialist's share price was up 9.3% as of 1:30 p.m. ET, according to data from S&P Global Market Intelligence.
Before the market opened this morning, Susquehanna analyst Shyam Patil released a note on Palo Alto Networks that maintained a positive rating on the stock. 's Brian Essex also released a note stating that recent fears surrounding Palo Alto's outlook may be overblown. Investors are reacting positively to the coverage.
Palo Alto Networks stock got crushed last week after the company issued disappointing forward guidance, but some on Wall Street believe that investors have become too bearish on the stock.
Source Fool.com
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