Palo Alto Networks stock drops 7% as software rout bites — what PANW traders watch next
Palo Alto Networks shares fell 7.2% to $154.77 Thursday, then edged down another 0.1% after hours amid a broad software stock selloff. The drop followed investor concerns over AI disruption and rising tech spending. Palo Alto launched an updated NextWave partner program and will report fiscal Q2 earnings on Feb. 17.