Palo Alto Networks Under Pressure: Weak Forecast Overshadows Financial Results

The stock of Palo Alto Networks came under significant pressure after the quarterly numbers were released, losing around 8% in after-hours trading. Although the cybersecurity specialist exceeded analysts' expectations in revenue and earnings for the second fiscal quarter, the cautious outlook for the ongoing third quarter caused disappointment in the market. Solid Q2 Numbers with Double-Digit Growth In the past quarter, the company achieved an adjusted earnings per share of $1.03, clearly above the expected $0.94. Revenue climbed 15% to $2.59...