Palo Alto Networks stock falls as Bernstein cuts rating

Published on 09/19/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Palo Alto Networks stock fell 3.1 percent to USD 363.58 on September 18, 2026. Bernstein cut its rating to Market Perform and lifted the target to USD 351.

Dunkles Security Operations Center mit vielen Monitoren und Netzwerkkarten in Blau — Palo Alto Networks US6974351057 zeigt dunkles Security Operations Center mit vielen Bildschirmen und Netzwerkdaten, Illustration mit AI erstellt.

Palo Alto Networks stock (ISIN US6974351057) fell 3.1 percent to USD 363.58 on September 18, 2026, after trading as low as USD 356.00 and after a prior close of USD 375.06.

Bernstein cuts its view

Bernstein analyst Peter Weed downgraded Palo Alto Networks to Market Perform on September 17, 2026, and lifted the price target to USD 351 from USD 253, according to The Globe and Mail.

The same report said Palo Alto Networks' latest quarterly revenue was USD 3.41 billion for the quarter ending July 31, while the company posted a GAAP net loss of USD 282 million against a year-earlier net profit of USD 253.8 million.

Quarterly numbers matter

Palo Alto Networks reported EPS of USD 1.02 and revenue of USD 3.41 billion for the quarter announced on September 1, 2026, while analysts had expected EPS of USD 0.98 and revenue of USD 3.35 billion, according to MarketBeat.

That same source said quarterly revenue rose 34.5 percent year over year and that Palo Alto Networks set FY 2027 EPS guidance at USD 4.160 to USD 4.190, with Q1 2027 EPS guidance at USD 0.960 to USD 0.980.

Stock still trades high

As of September 18, 2026, Palo Alto Networks had a market capitalization of USD 297.41 billion, a 52-week range of USD 139.57 to USD 398.88 and volume of 13,750,356 shares, with the stock at USD 363.58 on Nasdaq.