Press release
Investigation announced for Long-Term Investors in shares of Palo Alto Networks, Inc. (NASDAQ: PANW) over possible Wrongdoing
An investigation on behalf of current long term investors in Palo Alto Networks, Inc. (NASDAQ: PANW) shares.
Investors who are current long term investors in Palo Alto Networks, Inc. (NASDAQ: PANW) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: PANW stocks follows a lawsuit filed against Palo Alto Networks, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: PANW stocks, concerns whether certain Palo Alto Networks, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, the Defendants failed to disclose to investors that the Company's consolidation and platformization initiatives were not driving increased market share to a significant degree, that the Company would need to ramp up platformization and free product offerings to entice customers to adopt more of their platforms, that the Company's high growth in billings was not sustainable, that new AI offerings were not facilitating greater platformization and consolidation, and that as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Palo Alto Networks, Inc. (NASDAQ: PANW) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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