Palo Alto Networks' shares plunge on outlook - but firm sees AI gains ahead

21 Feb, 2024 02:22 AM2 mins to read

Palo Alto Networks NZ managing director Misti Landtroop, Sir John Key and Palo Alto regional VP Steve Manley at an Auckland City Mission fundraiser in 2019 - the year the ex-PM joined the Silicon Valley-based tech giant. Key currently holds stock in the firm worth around US$5.4 million, thanks to strong results that saw the firm's shares more than double in value over the past year.

Palo Alto Networks - the tech giant that numbers Sir John Key among its directors - bet expectations for its second quarter as revenue rose 19 per cent to US$1.96 billion ($3.2b) for the three