PANW - Palo Alto Networks Q3: Sell With The Insiders

2024-05-22 17:26:45 ET

Summary

• Palo Alto Networks, Inc. just released its fiscal Q3 earnings report. The seemingly good results were met by selling pressure from investors.
• The selling pressure is not only limited to the open market. The insider transactions were also dominated by selling recently.
• I don't normally consider selling as a bearish sign of business fundamentals.
• However, in this particular case, I think it is given the concerning signs I read from its recent earnings reports.

PANW stock: the insiders are selling

Palo Alto Networks, Inc. (PANW) recently released its fiscal 2024 Q3 earnings report . The earnings beat market expectations on both lines. It reported non-GAAP EPS of $1.32, beating the market expectation of $1.25 by 7 cents per share. Total revenue dialed in at $2B, again slightly beating the consensus of $1.97B....

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