This Top Cybersecurity Stock Is a Buy After Its Latest Plunge
Palo Alto Networks (NYSE: PANW) sounds confident about delivering impressive long-term growth, but the cybersecurity specialist is finding it difficult to manage near-term expectations. Its stock plunged 12% on the day following its fiscal first-quarter results after guidance failed to pass muster yet again.
The script is similar to Palo Alto's recent earnings reports in which the company has low-balled its guidance thanks to acquisition-related costs. As it turns out, Palo Alto has bought eight companies in the past two years. Investors are probably concerned about whether the cybersecurity expert has taken too much on its plate, and whether it is finding it difficult to stitch together the different acquisitions into a cohesive unit.
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Source Fool.com
