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

Thu Nov 16 , 2023
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. Revenue for the quarter ended Oct. 31 […]

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