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Palo Alto Networks' shares fell 19% after the cybersecurity firm lowered its full-year billings and earnings outlook.
Palo Alto Networks' shares fell 19% after the cybersecurity firm lowered its full-year billings and earnings outlook.
The company cited a shift in strategy, increased platform migration, and accelerating growth and AI leadership as reasons for the reduced forecast.
Despite the drop in shares, Palo Alto Networks sees a potential $13-17bn opportunity in the next five years as large enterprises struggle with insecure access to AI and seek to secure AI applications in real-time.
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Las acciones de Palo Alto Networks cayeron un 19% después de que la empresa de ciberseguridad redujera sus perspectivas de facturación y ganancias para todo el año.