After starting the year strong, Palo Alto Networks (PANW) took a 25% dip yesterday after the market closed. The stock faced a sell-off after investors were warned that the company was rethinking its 2024 revenue forecast. The company is seeing its customers tighten budgets for IT security spending, which put a wrench in its [...]
Over the past month or so, shares of Palo Alto Networks (PANW) had fallen more than 15%. Analysts and investors alike sent the stock into a downward spiral, overreacting after the company scheduled its earnings call for a Friday. There is no question that this is a rare occurrence, but investor sentiment can be [...]
Palo Alto Networks is up 5% Before Joining the S&P 500 Index: Does it Deserve a Spot in Your Portfolio?
Monday morning’s trading session saw a big boost in Palo Alto Networks stock (PANW). The company is just a few short weeks away from joining the ranks of the S&P 500 index. And as a result, the stock is up 5% so far today. The cybersecurity company is set to replace Dish on June [...]