Palo Alto Networks stock drops as cloud-transition pain concerns analysts - MarketWatch

- June 02, 2019
Palo Alto Networks stock drops as cloud-transition pain concerns analysts - MarketWatch

Palo Alto Networks stock drops as cloud-transition pain concerns analysts  MarketWatch

THE RATINGS GAME By Wallace Witkowski Two new acquisitions and China tariffs dinged security-software company’s earnings outlook Palo Alto Networks Inc. announced two more acquisitions Wednesday afternoon. MarketWatch photo illustration/iStockphoto Palo Alto Networks Inc. shares fell Thursday after several analysts cut their price targets while citing the cybersecurity company’s transition to annual cloud-based subscriptions, which is expected to distort billings and curb its cash flow. Palo Alto Networks (PANW) shares fell 6% to $202.28 in recent trading, after touching an intraday low of...