Palo Alto Networks stock plunges after earnings forecast cut

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Palo Alto Networks Inc. shares dove more than 13% in extended trading Monday after the security-software company reported softer sales growth than expected...

Palo Alto Networks Inc. PANW, -2.33% shares dove more than 13% in extended trading Monday after the security-software company reported softer sales growth than expected and cut its annual forecast. Palo Alto Networks reported a fiscal second-quarter loss of $73.7 million, or 75 cents a share, on revenue of $816.7 million, up from $711.2 million a year ago. After adjusting for stock-based compensation and other effects, the company reported earnings of $1.

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