Why Is Palo Alto Networks Stock Falling Today?
Summary
Palo Alto Networks shares fell after weaker guidance from Zscaler sparked a broader sell-off in cybersecurity stocks. Wedbush argued the weakness looked specific to Zscaler rather than a sign of sector-wide demand trouble. The firm also reiterated an outperform rating on Palo Alto Networks and raised its price target to $300. The article highlights Palo Alto Networks’ upcoming earnings report and notes that the company continues to benefit from its platform strategy and the CyberArk acquisition, now branded as Idira.
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Web and Content Management
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Cybersecurity Software
SaaS
Network Security
