Levi & Korsinsky Reminds Palo Alto Networks Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 26, 2024 - PANW

NEW YORK, March 12, 2024

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Palo Alto Networks investors who were adversely affected by alleged securities fraud between August 18, 2023 and February 20, 2024. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/palo-alto-networks-lawsuit-submission-form?prid=70393&wire=4

PANW investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company's consolidation and platformization initiatives were not driving increased market share to a significant degree; (2) the Company would need to ramp up platformization and free product offerings to entice customers to adopt more of their platforms; (3) the Company's high growth in billings was not sustainable; (4) new AI offerings were not facilitating greater platformization and consolidation; and (5) based on the foregoing, defendants lacked a reasonable basis for their positive statements about customer demand, billings, and platformization, as well as related financial results, growth, and prospects.

WHAT'S NEXT? If you suffered a loss in Palo Alto Networks during the relevant time frame, you have until April 26, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.