On July 10, Palo Alto Networks fell 3.36% in regular trading, trading at $328.315/share, with turnover of $246 million.
On the news front, cybersecurity peer CrowdStrike slumped approximately 4.65% on the session amid continued pressure from multiple investment banks slashing target prices, weighing broadly on the systems software sector. ServiceNow declined 2.29% and Oracle fell 2.4%, reflecting sector-wide weakness that dragged on individual names.
Additionally, the stock had rebounded 3.13% in the prior session on technical oversold conditions, but that recovery momentum quickly faded. Evercore ISI's recent target price cut from $375 to $320—below the current trading level—continued to weigh on sentiment. With year-to-date cumulative gains approaching 100%, profit-taking pressure remained elevated, contributing to the renewed pullback after the brief rebound.
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