Palo Alto Networks Stock Faces Tough Hurdle After Earnings Beat

Shares of Palo Alto Networks  (PANW) – Get Free Report are trading higher by about 8% after the company reported earnings.

Palo Alto Networks delivered an earnings and revenue beat, while its full-year earnings outlook topped analysts’ expectations.

The cybersecurity firm continues to generate strong business. Despite a bear market and looming recession, cybersecurity trends remain strong.

It’s very clear that the business is quite strong, not just for Palo Alto, but for many cybersecurity companies. So why aren’t these stocks — like CrowdStrike  (CRWD) – Get Free Report and Fortinet  (FTNT) – Get Free Report — hitting new highs?

Source: https://www.thestreet.com/investing/palo-alto-networks-panw-stock-faces-tough-hurdle-after-earnings-beat?puc=yahoo&cm_ven=YAHOO&yptr=yahoo