Palo Alto Networks Stock Drops After Earnings; CEO Questions AI Fears
Market Intelligence Analysis
AI-PoweredPalo Alto Networks stock dropped 9% after the company reported higher costs for memory storage, potentially affecting its profit, and is on track for its lowest close since August 2024.
Market impact analysis based on bearish sentiment with 90% confidence.
Article Context
Shares in Palo Alto Networks fell sharply after the cybersecurity company said higher costs for memory storage would hit its profit. The stock fell as much as 9% on Wednesday morning, putting it on course for its lowest close since August 2024 if it holds losses.
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