Palo Alto Networks cuts annual profit forecast as acquisition costs rise
The cybersecurity firm lowered its annual profit forecast on Tuesday as costs from recent acquisitions offset revenue growth. Shares fell nearly 7 percent.
Insights:
Palo Alto Networks, Inc. trimmed its fiscal 2026 adjusted earnings-per-share guidance on Tuesday, citing a surge in costs related to recent acquisitions. The announcement, which came alongside the company's second-quarter results, coincided with a roughly 7% drop in the company's shares during extended trading. The revision highlights a shift in the company's near-term financial outlook as it balances aggressive expansion with the immediate expenses of integration.
