The Law Offices of Frank R. Cruz Announces Investigation of Palo Alto Networks, Inc. (PANW) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Palo Alto Networks, Inc. (“Palo Alto” or the “Company”) (NASDAQ: PANW) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On February 21, 2024, Palo Alto released its second quarter fiscal 2024 financial results and lowered its full year revenue and billing guidance. The Company attributed the revision to its “platformization,” in which it will be offering more “freemium” services to on-ramp customers into the full paid services platform, as well as a deal with the federal government that didn’t close as expected.

On this news, Palo Alto’s stock price fell $104.12, or 28.4%, to close at $261.97 per share on February 21, 2024, thereby injuring investors.

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If you purchased Palo Alto securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to [e-mail], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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