We cut our Palo Alto price target, but view the post-earnings drop as an opportunity
Palo Alto Networks on Tuesday evening delivered a strong quarter. But in a market with no room for error, the cybersecurity giant stumbled on guidance, and the stock sank. Revenue for the company’s fiscal 2026 second quarter ended Jan. 31 increased 15% to $2.59 billion, outpacing the $2.58 billion consensus estimate compiled by data provider…