Shares of Palo Alto Networks (PANW) plunged more than 20% in after-hours trading Tuesday after the cybersecurity company slashed its revenue forecasts, noting that customers are trimming their IT security spend and becoming more demanding as the company shifts strategy.
The maker of enterprise cybersecurity solutions lowered its full-year 2024 revenue guidance to between…
This story from investopedia.com was posted on 2024-02-21 by @sunsetglow.