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in Tech

Palo Alto Networks shares drop most since 2012 IPO

by Editor February 26, 2024, 2:55 am 1.3k Views

Palo Alto Networks shares drop most since 2012 IPO

Nikesh Arora, CEO of Palo Alto Networks, speaks on CNBC’s “Squawk Box” at the WEF Annual Meeting in Davos, Switzerland, on Jan. 16, 2024.

Adam Galici | CNBC

Palo Alto Networks shares dropped 28% on Wednesday, the worst trading session since the cybersecurity hardware and software maker’s 2012 initial public offering. The plunge came a day after the company reduced its full-year revenue guidance.

The stock doubled in value in 2023 as…

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