Palo Alto’s pullback on confusion around a key quarterly metric is a buying opportunity

Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.

Adam Galica | CNBC

Palo Alto Networks (PANW) reported a strong fiscal 2024 first quarter, but the leader in cybersecurity lowered its full-year billings outlook. Management blamed the rising cost of money, causing the stock to slide in after-hours trading. We think this pullback is a buying opportunity.

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