Palo Alto Networks Inc (NYSE:PANW) is set to announce quarterly results on today. The networking and Cloud solutions company’s stock has lost over 6% year-to-date. The stock got clobbered after the company missed estimates in January and issued lower-than-expected April quarter guidance and bearish full year forecast. But several analysts believe that Palo Alto Networks Inc (NYSE:PANW) should be acquired on its weakness as its user base is increasing.
The company’s innovative products like WildFire and Traps bring in a lot of subscription revenue. Palo Alto Networks Inc (NYSE:PANW) is also working on some innovative products which will start weighing in in the near future.
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