AI & Enterprise
Palo Alto Networks shares fall 6 percent after Q3 earnings guidance disappoints investors
Palo Alto Networks shares fell 6 percent after its fiscal second-quarter results, despite posting earnings above expectations. Investors were disappointed after the company issued third-quarter earnings guidance of 78 to 80 cents per share, below the market estimate of 92 cents. Second-quarter revenue rose 15 percent to $2.6 billion and net profit increased to $432 million. The company also announced the acquisition of Israeli cybersecurity startup Koito.
