Palo Alto Networks Inc

NASDAQ:PANWUnited States

PALO ALTO NETWORKS ALERT: Bragar Eagel & Squire, P.C. is Investigating Palo Alto Networks, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

NEW YORK, NY / ACCESSWIRE / April 29, 2024 /

Palo Alto Networks, Inc. (NASDAQ:PANW)

Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made false and/or misleading statements and/or failed to disclose that: (i) the Company's consolidation and platformization initiatives were not driving increased market share to a significant degree; (ii) the Company would need to ramp up platformization and free product offerings to entice customers to adopt more of their platforms; (iii) the Company's high growth in billings was not sustainable; (iv) new AI offerings were not facilitating greater platformization and consolidation; and (v) based on the foregoing, the Company lacked a reasonable basis for their positive statements about customer demand, billings, and platformization, as well as related financial results, growth, and prospects.