The #1 Resource On The Web For Cyber Security Information, Education, & Jobs

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/

Jake Ciber

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

Leave a Comment





This site uses Akismet to reduce spam. Learn how your comment data is processed.