Palo Alto Networks Stock Drops Despite Q2 Results Narrowly Topping Estimates
1. Palo Alto Networks posted Q2 results above analyst expectations. 2. Projected Q3 revenue aligns with analyst estimates of $2.26-$2.29 billion. 3. AI adoption and cloud investment drove recent performance, CEO stated. 4. Expanded board of directors with notable appointments announced. 5. Shares dipped 5% premarket despite recent positive trends.