Palo Alto's Rebound Leads to a Stock Split Announcement. Can the Stock Keep Its Momentum Going?
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Palo Alto Networks' (NASDAQ: PANW) troubles early in the year are beginning to seem like a distant memory after the company once again posted solid earnings results.The stock plunged in February after the cybersecurity company said it was seeing "spending fatigue" among its customers and embarked on a new "platformization" strategy. This strategy was designed to switch customers from point solutions to using a suite of the company's products. However, this move came at a price, as in order to entice customers to move away from a bunch of single-problem solutions from various vendors with different contract lengths, it agreed to give some of its solutions away for free so customers would not have to pay for duplicate programs. At the time, the company said this would be the equivalent of giving customers about six months of free product capabilities.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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