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Palo Alto Networks Shares Fall on Lackluster Earnings Guidance

The Santa Clara-based cyber-security firm was trading down Wednesday on weak earnings guidance.

Palo Alto Networks (PANW) - Get Palo Alto Networks, Inc. Report shares were lower Wednesday following the release of the company's latest earnings results. The Santa Clara-based cyber-security firm unveiled weaker than expected guidance for its fiscal first quarter earnings at between $0.51 and $0.53 a share. That's at least 3 cents lower than previous estimates. Palo Alto sees revenue of between $396 million and $402 million. For the latest quarter, the company met analyst expectations, earning $0.50 a share on revenue of $400.8 million.

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