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Why Palo Alto Networks Stock Sank Today

TheMotleyFool

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Why Palo Alto Networks Stock Sank TodayPhoto, wide shot, wide-angle lens, Cloud computing provider, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/8d7b6619-8b3b-4e9e-b659-68643d72528e.png

Despite bullish momentum for the broader market, Palo Alto Networks (NASDAQ: PANW) stock got hit with a substantial pullback in Wednesday's trading. The cybersecurity company's share price closed out the day down 6.8% and had been off as much as 10%. The S 500 rose 0.5%, and the Nasdaq Composite jumped 0.7%.

Palo Alto Networks published its fourth-quarter results after the market closed yesterday and actually delivered sales and earnings that came in above Wall Street's targets. Unfortunately, investors weren't satisfied with management's forward guidance.

Image source: Getty Images.

Source Fool.com

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