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Palo Alto Networks plummets after earnings, 'execution challenges' cited

Palo Alto Networks Inc. PANW, -1.33% stock fell more than 15% in late trading Tuesday after an earnings report that disappointed on revenue, and the chief executive acknowledged execution issues. The security-software company reported a net loss of $60.6 million, or 67 cents a share, on sales of $422.6 million for its fiscal second quarter. After adjustments for stock-based compensation and other factors, Palo Alto Networks claimed...