Lost 30 billion in market cap yesterday. Concern for our industry?
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Security companies cannot stop unknown entry into system. Top hackers always beat these companies.
Every stock will go through correction every now and then. Zscaler, splunk, Fortinet and cloud flare are eating into their profits.
“Palo Alto is now Cisco 2.0. They are infested with Cisco rejects. Does not surprise me at all they are in a downward spiral.”
Absolutely this. Full of BS PPT warriors and politicians with no other skills whatsoever other than politicking.
Happy to see the ELT posting on this site.
No, Palo Alto did not lose anything. It was all over hyped loss. Late 90s and early 2000 the Tech industry was very young. The Internet was just getting started. No tech company could do anything wrong. Hardware was selling like crazy and companies values were astronomical. I remember one day in 2000 Cisco stock went up $14. I could never figure out what happened and why Cisco went up that much on one day. It was just out of control.
Going forward is different. Only few will survive. The rest will be part of the history.
Palo Alto is now Cisco 2.0. They are infested with Cisco rejects. Does not surprise me at all they are in a downward spiral.