Palo Alto Networks stock slips as PANW lines up Koi deal ahead of earnings
Palo Alto Networks shares fell 1.5% to $164.50 Tuesday after announcing a deal to acquire AI security startup Koi and launching a new managed security service. The stock hit an intraday low of $160.11. Investors awaited quarterly results due after the close, with guidance and deal integration in focus. Other cybersecurity stocks, including CrowdStrike and Fortinet, also declined.