Palo Alto Networks shares are trading lower after Wedbush said there is a slight risk for Q4 billings and revenues to miss expectations.
Portfolio Pulse from Benzinga Newsdesk
Wedbush has indicated a slight risk for Palo Alto Networks' Q4 billings and revenues to miss expectations. There is also a reasonable risk for FY24E Billings and FCF guide to be below current Street estimates.
August 17, 2023 | 7:22 pm
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Palo Alto Networks' stock is trading lower due to Wedbush's warning of a potential miss in Q4 billings and revenues, as well as FY24E Billings and FCF guide.
The warning from Wedbush about a potential miss in Q4 billings and revenues, as well as FY24E Billings and FCF guide, has led to a decrease in Palo Alto Networks' stock. This is because such warnings often lead to a decrease in investor confidence, which can result in a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100