This Top Cybersecurity Stock Is on Sale Right Now
Palo Alto Networks (NYSE: PANW) gave investors a rude shock with its fiscal second-quarter results last month. The cybersecurity specialist failed to meet its own expectations and lowered its full-year outlook. That was enough for investors to press the sell button.
The cybersecurity stock gave up all the gains it had clocked in 2019 in one fell swoop, and it's currently trading close to its 52-week lows. Wall Street now seems concerned about Palo Alto's execution abilities, as its growth has slowed down remarkably even though the company has spent a ton of money on acquisitions in the past couple of years.
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Source Fool.com
