Security hardware and software firm Palo Alto Networks
(PANW) - Get Report is trading lower Thursday (May 30) after delivering a mixed set of numbers in its April quarter earnings report.
The company beat sales and earnings estimates, and issued solid sales guidance. However, it also reported weaker-than-expected billings, and its earnings guidance was lighter than expected due to the impact of recent acquisitions and (to a lesser extent) tariffs.
Eric Jhonsa, TheStreet's tech columnist, and Kevin Curran, a reporter for RealMoney, offered some thoughts on Palo Alto's report and why its selloff might be excessive.
Related.Palo Alto Networks Slumps as Cloud Shift Hits Q3 Billings, Tariffs Trim Outlook
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