ATLANTA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- 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.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
