Palo Alto

PANW

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 cholzer@holzerlaw.com, by toll-free telephone at (888)-508-6832 or, you may visit the firm’s website at www.holzerlaw.com/case/palo-alto/ 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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