Palo Alto Sinks 8% Despite 34% Revenue Growth, CrowdStrike Falls 3%, Fortinet Slips
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The post Palo Alto Sinks 8% Despite 34% Revenue Growth, CrowdStrike Falls 3%, Fortinet Slips appeared first on 24/7 Wall St..
Cybersecurity stocks are trading lower Wednesday morning as a marquee earnings beat drew heavy selling, and the reaction looks like a repricing of one name’s premium while sector peers move far less. The headline growth number was strong, though the metric bulls watch closest came in modestly light.
Palo Alto Networks (NASDAQ:PANW) stock is down 8% to $332.30 after
Cybersecurity stocks are trading lower Wednesday morning as a marquee earnings beat drew heavy selling, and the reaction looks like a repricing of one name’s premium while sector peers move far less. The headline growth number was strong, though the metric bulls watch closest came in modestly light.
Palo Alto Networks (NASDAQ:PANW) stock is down 8% to $332.30 after
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