Palo Alto Networks stock hits a fresh 52-week low — what’s spooking PANW investors now
Palo Alto Networks shares fell 0.5% to $143.39 after hitting a 52-week low Tuesday, underperforming the Nasdaq’s 0.8% gain. The drop followed a sharp selloff in cybersecurity stocks after Anthropic launched a new code-security AI tool. Daiwa Securities cut its price target on Palo Alto to $175 from $212. The company last week reported fiscal Q2 revenue of $2.6 billion and non-GAAP profit of $1.03 per share.