Last week, Palo Alto Networks reported earnings that shocked investors and shares promptly took a beat-down of 25% from its highs of $154.25 per share the day it reported earnings. Like is almost always the case, Wall Street seems to have been late waking up to the issues that have been creeping up at Palo Alto Networks since about a year ago when the company first disappointed investors. The company reported earnings of $0.63 per share on revenues of $422.6 million for its FQ2, compared to expectations of $0.62 per share on revenues of $429.7 million. For FY17, Palo Alto Networks said earnings would now come in between $2.45-$2.50 per share versus expectations and prior guidance of between $2.75-$2.80 per share. Shares of Palo Alto Network shares tumbled from a hair under $152 per share down to $115 per share the next day.

Source: Forbes March 05, 2017 10:36 UTC