Palo Alto Networks Under Pressure: Weak Forecast Shadows Financial Results

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