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

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.

Continue reading


Source Fool.com