Why Palo Alto Networks Stock Crashed Today
Palo Alto Networks reported strong earnings -- but not strong enough to support a sky-high stock price.
Overview
In a note released yesterday, Scotiabank analyst Patrick Colville raised his price target on Palo Alto Networks (NASDAQ: PANW) stock ahead of earnings, predicting a strong report, but arguing even if Palo Alto missed, investors shouldn't sell the stock.
Well, Palo Alto just released earnings.
Details
And as of 9:45 a.m. ET, its stock is down 9%.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.