Palo Alto Networks (PANW) shares have shown inconsistency, rising after CrowdStrike's IT Outage and falling due to lowered guidance and analyst downgrading. The tech company’s share led the S&P 500 while Nvidia's rally cooled. A rise by 356% was observed for those investing five years ago while Microsoft estimates only a 1% impact from the IT Outage. Mitsubishi UFJ Trust & Banking cut their stake in PANW which led to a significant dip in stock while Empowered Funds LLC disposed off their shares. Palo Alto's extended partnership with Google Cloud brings AI to revolutionize Cybersecurity while Redburn Atlantic downgraded the company to “Neutral”. There was a disappointment following Q3 2024 Earnings Call causing the company’s shares to fall and Accenture joined hands with Palo Alto to safeguard the Gen AI Transformation Journey. Analysts rebooted the stock price target post-earnings, revealing mixed sentiments towards Palo Alto's future performance.
