Palo Alto (PANW) Down 10% in a Month: What Should Investors Do?
PANWPalo Alto(PANW) ZACKS·2024-08-08 21:17

Palo Alto Networks, Inc. (PANW) , a leading name in cybersecurity, has experienced a significant drop of more than 10% in its stock price over the past month, a decline that far exceeds the 6.5% drop of the S&P 500.The primary driver behind this decline is the broader market sell-off, fueled by macroeconomic concerns. Investors are jittery due to uncertainty around the Federal Reserve's interest rate policies and fears of a potential U.S. recession. The recent disappointing job report from the U.S. Departme ...