NEW YORK, January 2, 2026, 20:15 ET — Market closed
- Palo Alto Networks fell 2.6% to $179.37 in Friday’s regular session, lagging a flat Nasdaq. Reuters
- Cybersecurity peers also slipped, with CrowdStrike down 3.2% and Fortinet down 1.9%. MarketWatch
- Investors next watch U.S. jobs data due January 9 and Palo Alto’s next earnings update, estimated for mid-February. Reuters
Palo Alto Networks shares fell 2.6% to $179.37 on Friday, underperforming a largely steady Wall Street on the first trading day of 2026. Reuters
The slide matters because the market is heading into the first full week of the year with U.S. economic reports — led by monthly jobs data — that can quickly shift expectations for interest rates and risk appetite. Those moves tend to ripple into growth software stocks, including cybersecurity names. Reuters
Joe Mazzola, head of trading and derivatives strategist at Charles Schwab, said the market is showing a “buy the dip, sell the rip” mentality — buying on pullbacks and selling into rebounds. Reuters
Cybersecurity stocks were broadly weaker in the session. CrowdStrike dropped 3.2%, Fortinet slid 1.9% and Cisco eased 0.8%, even as the Dow and S&P 500 ended higher. MarketWatch
Palo Alto traded between $177.23 and $186.99 on the day, with about 6.9 million shares changing hands, according to market data.
In extended-hours trading — electronic trading outside the 9:30 a.m. to 4 p.m. regular session — the stock was up 0.6% at $180.40 as of 7:59 p.m. ET, MarketBeat data showed. MarketBeat
Friday’s broader tape reflected a market still searching for direction after a choppy year-end. The Dow rose 0.66% and the S&P 500 gained 0.19%, while the Nasdaq Composite slipped 0.03%, according to Reuters. Reuters
Palo Alto Networks, based in Santa Clara, California, sells cybersecurity products and services used to secure corporate networks and cloud systems. SEC
The company has been expanding through deals. In November, it agreed to buy observability firm Chronosphere for $3.35 billion, Reuters reported. Reuters
Before Monday’s open, investors will be sizing up a heavy U.S. calendar that includes manufacturing and services readings and the January 9 employment report — releases that can reset rate-cut expectations and market multiples. Reuters
The next clear company catalyst is earnings. Palo Alto has not confirmed its next report date; MarketBeat estimates results after the close on February 12. Investors will be watching the company’s recurring-revenue trajectory, including its “Next-Generation Security ARR” (annual recurring revenue) metric highlighted in its last quarterly update. MarketBeat
On the chart, traders will be watching whether PANW holds above Friday’s low near $177. A push back toward the prior close around $184 and Friday’s $186.99 high would be an early test for any rebound.
For now, Palo Alto’s move left it on the back foot to start 2026, even as chip stocks helped lift parts of the market. With macro data and earnings season approaching, investors are likely to keep price action tied closely to rate expectations and sector leadership. Reuters
