Key facts
- Palo Alto Networks stock declined amid growth concerns.
- Analysts attribute the stock drop to profit-taking, AI timing, and reporting changes.
- The company had previously raised fiscal 2026 revenue and profit per share forecasts.
Palo Alto Networks stock falls on growth concerns
IN SHORT
Palo Alto Networks stock declined due to concerns about financial performance and future growth, despite previously raising forecasts. Analysts cite profit-taking, AI timing, and reporting changes for the drop.
Key Numbers
7.4%previous share price increase in extended trading
$11.415 billion to $11.425 billionfiscal 2026 revenue forecast
$3.77 to $3.79fiscal 2026 adjusted profit per share forecast
31%third-quarter revenue growth year-on-year
$3 billionthird-quarter revenue
$3.345 billion to $3.355 billionfourth-quarter revenue projection
40%fiscal 2028 free cash flow margin target
$18.4 billionbacklog growth
60%Next-Generation Security annual recurring revenue growth
Who's Involved
Palo Alto Networks
Company whose stock declined amid growth concerns
Analysts
Attribute stock drop to profit-taking, AI timing, and reporting changes
