Palo Alto Networks (PANW) stock slips again after earnings: CyberArk costs and a March 20 date to watch
Palo Alto Networks shares fell 0.9% to $150.99 in after-hours trading Thursday after the company cut its full-year adjusted profit outlook, citing higher costs from recent acquisitions. Fiscal second-quarter revenue rose 15% to $2.6 billion. Palo Alto launched a cash offer for CyberArk’s convertible notes, with a March 20 deadline for noteholders. The company expects to spend $2.3 billion in cash on CyberArk in its fiscal third quarter.