Palo Alto Networks extends recent stock rally on solid earnings. It may be too much, too fast

Earnings

Nikesh Arora of the United States on the first hole during the third round of The Alfred Dunhill Links Championship at The Old Course on October 02, 2021 in St Andrews, Scotland.
David Cannon | David Cannon Collection | Getty Images

Wall Street’s enthusiastic reaction Tuesday to solid earnings from Palo Alto Networks reinforced our belief that the cybersecurity stock is getting overextended.

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