Palo Alto Networks (PANW -2.4%) trades lower after Northland starts coverage with a Sector...

|About: Palo Alto Networks (PANW)|By:, SA News Editor

Palo Alto Networks (PANW -2.4%) trades lower after Northland starts coverage with a Sector Perform. Shares fell yesterday after Pac Crest also began coverage with a neutral stance: like others, the firm praised the technology lead held by Palo Alto's integrated next-gen firewall solutions - their superior application visibility/control and lower cost of ownership were noted - while questioning the company's lofty valuation.