Palo Alto Networks stock dips after Zscaler stumble and hot U.S. inflation print jars software
Palo Alto Networks closed down 1% at $147.92 Friday after a volatile session, following a recent profit forecast cut tied to acquisition costs. Zscaler shares fell 9% post-earnings on a wider net loss. A hotter-than-expected U.S. Producer Price Index report triggered a broader tech and financial selloff. Investors now await the March 6 U.S. jobs report and upcoming earnings for further signals.