Palo Alto Networks reports Q2 revenue up 19% YoY to $1.98B, vs. $1.97B est., and lowers its full-year guidance for billings and revenue; PANW drops 19%+ (Larry Dignan/Constellation Research)

Larry Dignan / Constellation Research:

Palo Alto Networks reports Q2 revenue up 19% YoY to $1.98B, vs. $1.97B est., and lowers its full-year guidance for billings and revenue; PANW drops 19%+  —  Palo Alto Networks is changing its strategy to entice enterprises to spend on its security platform as customers consolidate security vendors.