Palo Alto Networks Growth Disappoints Despite AI Promise
- Palo Alto Networks expects AI to drive growth, but latest results disappointed investors
- Revenue and billings increased but guidance for next quarter and year was cut
- Stock dropped 22% on lower outlook, but remaining performance obligations grew 22%
- Next-gen security offerings with AI growing rapidly, could hit $15B ARR by 2030
- Recent pullback could be buying opportunity if AI products drive reacceleration