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.


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Jake Ciber

Jack of all trades... master of none... ABL... Always Be Learning! I love what I do and I love helping people.

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