Palo Alto Networks extends recent stock rally on solid earnings. It may be too much, too fast

Admin—August 21, 2024 0

Nikesh Arora of the United States on the first hole during the third round of The Alfred Dunhill Links Championship at The Old Course on October 02, 2021 in St Andrews, Scotland.

David Cannon | David Cannon Collection | Getty Images

Wall Street’s enthusiastic reaction Tuesday to solid earnings from Palo Alto Networks reinforced our belief that the cybersecurity stock is getting overextended.

Shein sues Temu over copyright infringement, alleges rival loses money on every sale

Fed survey shows lows in employment, worries about finding work and dissatisfaction with pay

Palo Alto Networks extends recent stock rally on solid earnings. It may be too much, too fast

Saudi oil giant Aramco posts 5% dip in first-quarter profit on weaker crude prices

Industrial AI play Dover falls on a noisy quarter. Here’s why we’d buy the dip

Apple hits an all-time high as new smartphone data sides with the bulls in a sea of negativity

H&M shares fall as much as 8% on profit miss and scrapped earnings margin target

Shares of Cartier owner Richemont jump 7% as shoppers splurge on jewelry despite luxury slowdown

CoreWeave CEO defends capex plans, says company is meeting ‘demand signals’ from major hyperscalers

CoreWeave beats on revenue, reports more than 400% growth in first earnings after IPO

Cable companies Charter and Cox agree to merge

Long-term care costs can be a ‘huge problem,’ experts say. Here’s why

The low-end consumer is about to feel the pinch as Trump restarts student loan collections

Shares of Cartier owner Richemont jump 7% as shoppers splurge on jewelry despite luxury slowdown

How much would a 100% ‘Made in the USA’ vehicle cost? It’s complicated

Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary