Palo Alto Networks: Expect a Wild Ride in Fiscal Year 2020
A lot of upstarts have been gunning for Palo Alto Networks (NYSE: PANW). It's not that Palo Alto is a bad business, but the fast rise of first cloud and now edge computing has opened the door to disruption as security needs evolve and change the narrative around what is considered safe. The largest pure play on cybersecurity services has thus been losing steam and been forced to play catch-up by way of acquisition.
The stock has been all over the place this year as a result, and that was on glorious display during the company's fiscal 2019 fourth quarter. Light guidance was initially met with displeasure, and shares tanked double digits after hours, only to reverse all of those losses and end the day in the black. With Palo Alto's transition to the cloud still unfolding, more turbulence is my only forecast.
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Source Fool.com
