Palo Alto falls on disappointing profit forecast

Palo Alto falls on disappointing profit forecast

Palo Alto falls on disappointing profit forecastThe company’s products unit, which sells firewalls and threat detection and prevention software, has come under pressure as more customers switch to the cloud. J.P. Morgan said the magnitude and timing of the over stimulating focus on cloud security products left the firewall pipeline drained for the first quarter. Palo Alto has looked to cushion the hit by going on an acquisition spree.