Palo Alto


ATLANTA, GA – – (Globe Newswire – February 27, 2024) – – A shareholder class action lawsuit has been filed against Palo Alto Networks, Inc. (“Palo Alto” or the “Company”) (NASDAQ: PANW). The lawsuit alleges Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company’s financial results, growth, and prospects, including allegations that: (1) Palo Alto’s consolidation and platformization initiatives were not driving increased market share to a significant degree; (2) Palo Alto would need to ramp up platformization and free product offerings to entice customers to adopt more of their platforms; (3) Palo Alto’s high growth in billings was not sustainable; and (4) new AI offerings were not facilitating greater platformization and consolidation.

If you bought Palo Alto shares between August 18, 2023 and February 20, 2024, and suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at, by toll-free telephone at (888)-508-6832 or, you may visit the firm’s website at to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is April 26, 2024.

Registration Deadline

Lead Plaintiff Deadline Has Passed

April 26, 2024

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