Palo Alto Networks Finds Another Acquiree, but Guides Low (Again)
Palo Alto Networks (NYSE: PANW) announced fiscal first-quarter 2020 results on Monday after the market closed, technically stepping over the low bar it set for itself with its last quarterly update in early September. The cybersecurity specialist also unveiled yet another strategic acquisition, this time in the form of a $150 million cash deal to absorb identity-based cloud-security specialist Aporeto.
But the cybersecurity platform company also issued near-term guidance that fell short of expectations yet again. With shares down 12% in Tuesday's trading as of this writing, let's dig in for a better idea of what Palo Alto Networks accomplished over the past few months, starting with its headline numbers:
Revenue
Source Fool.com
