Palo Alto Networks faces a significant drop in stock value after issuing poor guidance figures, leading to a plunge of over 20%. This decline affects other cybersecurity stocks like CrowdStrike, Zscaler, and Fortinet. Analysts downgrade Palo Alto Networks due to concerns about billings and market impact.
Cybersecurity stocks had a bit of a tumble yesterday following poor guidance from Palo Alto Network's earnings. Companies like $CRWD $FTNT $S $ZS and $PANW all traded down on the day. https://t.co/XGZFSzGuB1
*PALO ALTO NETWORKS DROPS BY 28% FOR WORST DAY ON RECORD
$PANW stock slides by the most ever after the company cut its full-year guidance: "We think it's appropriate to move to the sidelines and look towards other names for cyber exposure," Piper Sandler's Rob Owens says. https://t.co/VXYF5MHU8X
Palo Alto Networks loses over $30 billion in market cap, sends shockwaves throughout | Ctech https://t.co/rCAO6dBuC3
Palo Alto Networks shares on pace for worst day since 2012 IPO https://t.co/17Q6doGwsp
Analysis from @KyleAlspach: Palo Alto Networks Disrupts Itself, Again: https://t.co/4iCJcyaSiv With his bold new growth strategy, @PaloAltoNtwks CEO @nikesharora is proving once again that taking the longer-term view matters more than short-term impacts on stock price. $PANW
Cybersecurity firm Palo Alto Networks set for worst day after forecast cut https://t.co/A0DiK7Fnz0 https://t.co/DDXTi2QvNp
Beyond the beat and miss, we look at what really matters in Palo Alto Networks earnings report. 📈📉Check out our latest #DrillDownEarnings report. https://t.co/dQzzewJr4d $PANW 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE @PaloAltoNtwks
While $PANW stock price suffered serious PAIN w/a 20% drop, make no mistake PANW goal is to rain pain on startups with platformization Free for 6 mos until existing contracts expire from competitive vendors is going to wreak havoc in cybersecurity market for startups https://t.co/ihR0U2oncd
While $PANW stock price suffered serious PAIN w/a 20% drop, make no mistake PANW is goal is to rain pain on startups with platformization Free for 6 mos until existing contracts expire from competitive vendors is going to wreak havoc in cybersecurity market for startups https://t.co/BSLWZbs0bu
$PANW Piper Sandler downgrades Palo Alto Networks to neutral from overweight Piper downgraded the stock following earnings and says it’s concerned that billings can drag down growth.
Analysts race for new Palo Alto Networks price targets as shares plunge https://t.co/r6Ll4lyiLe
PIPER: "Oops [they] did it again, as results for the third quarter in a row are creating a large degree of investor consternation. .. the steps taken this quarter undoubtedly raise uncertainty in the narrative as execution risk is elevated .." Cuts $PANW to Neutral, $300 target
Palo Alto Stock Plunges After Earnings. It’s Taking Cybersecurity Peers With It. https://t.co/P0KEoBNSRg
💥 BREAKING: Palo Alto Networks earnings. When security isn't secure. Full report: https://t.co/dQzzewJr4d $PANW 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE @PaloAltoNtwks
Palo Alto forecasts third-quarter billings below estimates, shares fall https://t.co/kLIZOAzyfk https://t.co/z6NZO9IpP2
Palo Alto Plummets 20%, Wiping Out All 2024 Gains, After Slashing Revenue Guidance Amid "Spending Fatigue" https://t.co/dOg402Aftk
Cyber security stocks are getting attacked across the board in the after-hours today following Palo Alto Network's poor guidance figures 🟥 $PANW -19.2% 🟥 $CRWD -7.5% 🟥 $ZS -7.5% 🟥 $FTNT -4.8% 🟥 $PLTR -1.5% https://t.co/MzPIFVZ0fy