The not-so-good news is that wild stock price fluctuations are par for the course with Palo Alto. Now, after nearly two years of growing revenue more than 50%, Palo Alto is seeing its sales growth — like that of many of its peers — slowly coming back down to earth.
Category: Check Point Software Technologies
Check Point Software Gives a Good Outlook for the Network Security Sector
Given Check Point’s status as the established leader — with non-GAAP operating income margin of 55% to protect — it would have been natural for investors to be a bit fearful. But when the report was released on Thursday, earnings came in ahead of expectations.
Why CSX, Oclaro, and Check Point Software Technologies Jumped Today
Thursday brought modest losses to the stock market, as the Dow dropped 72 points and other major market benchmarks fell between a quarter-percent and a third of a percent. Strong economic data suggested that the U.S. economy continues to fire on all cylinders, but that led to higher bond yields and fears that tightening monetary policy from the Federal Reserve could pose threats to growth during the rest of the year.
Better Buy: Palo Alto Networks, Inc. vs. Check Point Software Technologies, Ltd.
In many ways, 2016 turned out to be the year that wasn’t for data security providers. Tighter IT budgets and longer sales cycles were the likely culprits.