Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Palo Alto Networks Stock: Bear vs. Bull

TheMotleyFool

0 0

Palo Alto Networks Stock: Bear vs. Bull: https://g.foolcdn.com/editorial/images/766361/lock-computer-cybersecurity.jpg

Palo Alto Networks' (NASDAQ: PANW) stock price plummeted 28% on Feb. 21 in response to the company's latest earnings report. In the second quarter of fiscal 2024, which ended on Jan. 31, the cybersecurity company's revenue rose 19% year over year to $1.98 billion and exceeded analysts' estimates by $10 million. Its adjusted earnings grew 39% to $1.46 per share and cleared the consensus forecast by $0.16.

Palo Alto's headline numbers seemed healthy, but it followed up its earnings beat with a reduction to its full-year guidance and a jarring shift in its long-term strategy. Let's review the bear and bull cases to see if its fallen shares are worth buying.

Image source: Getty Images.

Source Fool.com

Like: 0

PANW

Share