Palo Alto Networks Inc.

Passed

Class Action Period:
August 18, 2023 - February 20, 2024

Lead Plaintiff Deadline:
April 26, 2024

Case Form

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First Name

Last Name

Phone

Street Address

City

State

Zip

Shares Purchased

Purchase Date

Estimated Loss

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Allegations

The filed complaint alleges that Palo Alto Networks Inc. made materially false and/or misleading statements and/or failed to disclose 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.

Eligibility

In order to be included in the lawsuit, you must have incurred a loss on shares of Palo Alto Networks purchased during the class period listed above.

Lead Plaintiff Deadline

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.