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Disappointing Palo Alto Networks Earnings Erase Nearly a Full Year of Gains

TheMotleyFool

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Disappointing Palo Alto Networks Earnings Erase Nearly a Full Year of Gains

The half-year results are in for Palo Alto Networks' (NYSE: PANW) 2020 fiscal year, and they weren't quite as expected. Growth for the period ended Jan. 31, 2020, fell short of the outlook management had provided during the fall of 2019, and the tepid numbers led to a downgrade for the full-year period. Following the Monday report, shares in the company fell by double-digit percentages, erasing nearly all of the 2019 rally.