Earnings Results: Palo Alto Networks takes an M&A break; stock rallies 10% following strong results, outlook

Palo Alto Networks Inc. shares rallied in the extended session Monday after the cybersecurity company’s quarterly results and outlook exceeded Wall Street expectations, but what was unique about this earnings report was the lack of any new acquisitions.

Palo Alto Networks Inc. shares rallied in the extended session Monday after the cybersecurity company’s quarterly results and outlook exceeded Wall Street expectations, but what was unique about this earnings report was the lack of any new acquisitions.