Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Palo Alto Networks (PANW)

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Palo Alto Networks (“Palo Alto” or the “Company”) (NASDAQ:PANW). The investigation concerns whether Palo Alto and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.

[Click here to learn more about the investigation]

On February 20, 2024, during after-market hours, Palo Alto announced its financial results for Q2 2024 and lowered its full-year revenue and guidance for Q3. Specifically, Palo Alto projected earnings per share to range from $1.24 to $1.26 and revenue guidance of $1.95 billion to $1.98 billion, falling below analysts’ estimates. On this news, the price of Palo Alto shares declined by $104.12 per share, or approximately 28.4%, from $366.09 per share on February 20, 2024 to close at $261.97 on February 21, 2024.

If you purchased or otherwise acquired Palo Alto securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at [e-mail], or by filling out this CONTACT FORM, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.

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