Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is Palo Alto Networks a Buy on Its Post-Earnings Plunge?

TheMotleyFool

0 0

Is Palo Alto Networks a Buy on Its Post-Earnings Plunge?: https://g.foolcdn.com/editorial/images/766414/gettyimages-1195413927.jpg

Palo Alto Networks (NASDAQ: PANW) has been one of the best leaders in the cybersecurity sector, with the stock having been up about 116% in the past year alone.

That is until Wednesday, Feb. 21, when the stock plunged over 28% in a single day following its second quarter earnings.

Investors were spooked when Palo Alto lowered its prior guidance for the year. In its defense, management said the lower guide was due to a deliberate aggressive pricing strategy aimed at winning market share.

Source Fool.com

Like: 0

PANW

Share