Palo Alto Networks may not split stock soon due to slowing revenue, billings, and earnings growth.
Cybersecurity leader Palo Alto Networks, whose stock has nearly doubled since its 2022 split, may not see another stock split soon due to its slowing revenue, billings, and earnings growth. The company is competing with stronger rivals like Fortinet, CrowdStrike, and AI-driven challengers. Palo Alto Networks is rolling out more services and using a "platformization" strategy, but its upcoming fourth-quarter report on Aug. 19 will show if it can stabilize its top-line growth.
August 17, 2024
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