Palo Alto Networks Inc

NASDAQ:PANWUnited States

Jun 25, 2024

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• Lifshitz Law PLLC Announces Investigations of Palo Alto Networks, Inc. (NASDAQ: PANW), Lyft, Inc. (NASDAQ: LYFT), Anavex Life Sciences Corporation (NASDAQ: AVXL), and GrafTech International Ltd. (NYSE: EAF), from 5:07AM ET on Tuesday Jun 25, 2024 by Accesswire

  5:07AM ET on Tuesday Jun 25, 2024 by Accesswire
  Companies Mentioned: AVXL, EAF, PANW, LYFT

  NEW YORK, NY / ACCESSWIRE / June 25, 2024 / Lifshitz Law Firm, P.C.

  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.

• Lifshitz Law PLLC Announces Investigations of Palo Alto Networks, Inc. (NASDAQ: PANW), Lyft, Inc. (NASDAQ: LYFT), Anavex Life Sciences Corporation (NASDAQ: AVXL), and GrafTech International Ltd. (NYSE: EAF), from 5:07AM ET on Tuesday Jun 25, 2024 by Dow Jones

  5:07AM ET on Tuesday Jun 25, 2024 by Dow Jones
  Companies Mentioned: AVXL, EAF, PANW, LYFT
  
  NEW YORK, NY / ACCESSWIRE / June 25, 2024 / Lifshitz Law Firm, P.C.
  
  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.