Palo Alto Network Suffers Additional Losses In Third Quarter
Palo Alto Networks have just reported that they suffered a bigger third quarter loss due to spending more on their products.
It was revealed that the company’s share have now fallen by a total of 8.1% to $136.18 extended trading on Thursday.
Additionally, the operating expenses of the company have jumped up by 50% to $309.5 million during the quarter that ended April 30, compared to past year.
Consequently, marketing and sales expenses have also risen by 54% to $202 million.
Analysts however are expecting the company to continue to gain market share from security service providers as they shift to subscription based services.
Read more details http://fortune.com/2016/05/26/palo-alto-networks-third-quarter-loss/
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