网络安全公司Palo Alto Networks（股票代码：PANW）今日夜盘股价大幅下跌7.65%，引发了市场广泛关注。
消息面上，此次股价下跌主要源于公司盘后公布的2026财年第二季度财报及未来业绩指引。尽管公司第二季度营收和调整后每股收益均超出市场预期，但其下调了2026财年全年的盈利预期，并将第三季度的每股收益指引设定在低于分析师预期的水平。公司管理层表示，盈利预期的调整与近期为增强人工智能能力而进行的一系列收购（包括CyberArk、Chronosphere及Koi）所导致的整合成本上升有关，相关成本同比大幅增加。
此外，在“AI时代软件价值重估”的市场背景下，投资者对高估值软件公司的增长持续性保持谨慎，板块整体的资金轮动也可能加剧了股价的波动。公司虽然上调了全年营收预期，但市场对利润受压的担忧成为了主导情绪。
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