Palo Alto Networks Faces After-Hours Pressure Post-Acquisition

27 days ago

Tim Stanick

"Well, sticking with technology, Palo Alto Networks PW in the after hours. That's the ticker. Yeah. So, we're seeing this one not have such a good reaction. Shares are down about 3%. It looks like earnings overall sort of beat expectations, but it seems like what investors are probably reacting to here is the company saying that it would buy Chronosphere. This is a next generation observability platform um for three 3.35 billion. And so, this is supposed to boost its AI enabled cyber security offerings. And this is it's pretty typical to see stocks fall after they announce acquisitions. So I think that that's what's happening right right now with PaloAlto."

The commentary explains that Palo Alto Networks is experiencing a roughly 3% drop in after-hours trading following its announcement to acquire Chronosphere, noting that such a reaction is typical after acquisition news.

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