Palo Alto Networks Lawsuit Submission Form

Company: Palo Alto Networks Inc.

Ticker: (NASDAQ) PANW

Deadline

Passed

Lead Plaintiff Deadline: April 26, 2024

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Allegations

The filed complaint alleges that Palo Alto Networks Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company’s consolidation and platformization initiatives were not driving increased market share to a significant degree; (2) the Company would need to ramp up platformization and free product offerings to entice customers to adopt more of their platforms; (3) the Company’s high growth in billings was not sustainable; (4) new AI offerings were not facilitating greater platformization and consolidation; and (5) based on the foregoing, defendants lacked a reasonable basis for their positive statements about customer demand, billings, and platformization, as well as related financial results, growth, and prospects.