Palo Alto Networks shares are trading lower after the company issued Q3 adjusted EPS and total revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Palo Alto Networks' stock is trading lower following the company's announcement of Q3 adjusted EPS and total revenue guidance that fell short of analysts' expectations.
February 21, 2024 | 1:35 pm
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NEGATIVE IMPACT
Palo Alto Networks' shares are trading lower due to the company's Q3 guidance for adjusted EPS and total revenue not meeting analysts' estimates.
The company's announcement of lower-than-expected Q3 adjusted EPS and total revenue guidance directly impacts investor sentiment and the stock's short-term performance. Given the importance of earnings guidance as an indicator of future performance, this news is likely to negatively affect the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100