Palo Alto Networks ($PANW) Faces Top-Line Growth Pressure, Spending Fatigue in Cybersecurity Budgets
Palo Alto Networks ($PANW) faces challenges as it offers free contract periods to customers, expecting 12 to 18 months of top-line growth pressure. Despite increased spending by top customers, there is fatigue in cybersecurity budgets, especially in the U.S. Federal government sector. Short-term views on business/software spending are negative, but long-term prospects in cybersecurity are positive. The stock price dropped significantly, causing concern in the market.
Sources
Steven Costa
$PANW is diving after its earnings report & $BUG is poised to pullback to its 10 week moving avg for the 3rd time since its breakout last year. The first two pulls to the 10 wk line are spots where one can buy or add to a position, the third time is more prone to failure. ⚠️
- Steven Costa
$PANW is diving after its earnings report & $BUG is poised to pullback to its 10 week moving avg for the 3rd time since its breakout last year. The first two pulls to the 10 wk line are sports where one can buy or add to a position., the third time is more prone to failure. ⚠️
Ed Sim While $PANW stock price suffered serious PAIN w/a 20% drop, make no mistake PANW goal is to rain pain on startups with platformization Free for 6 mos until existing contracts expire from competitive vendors is going to wreak havoc in cybersecurity market for startups https://t.co/ihR0U2oncd