Palo Alto Networks, Inc. PANW shares fell on Tuesday in sympathy with Oracle ORCL, which dropped after issuing delicate steering.
What To Know: On Monday, Oracle reported blended first-quarter earnings outcomes. The corporate reported quarterly earnings of $1.19 per share, which beat the analyst consensus estimate of $1.15, and quarterly gross sales of $12.45 billion, which missed the analyst consensus estimate of $12.46 billion.
The corporate expects complete income to develop between 5% and seven% within the second quarter. Moreover, Oracle anticipates second-quarter earnings per share to be between $1.27 and $1.31 versus the $1.25 estimate.
The disappointing information impacted software program shares, with Palo Alto Networks buying and selling decrease by almost 3% on Tuesday.
Associated Hyperlink: Why Intel Inventory Is Buying and selling Larger Right this moment
PANW Worth Motion: Shares of PANW closed 2.93% at $245.73 on Tuesday, in keeping with Benzinga Professional.
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