Palo Alto Networks drops on report that head of sales is leaving
Source: Palo Alto NetworksA spokesperson for Palo Alto Networks confirmed to CNBC that Dave Peranich, executive vice president of worldwide sales, will leave the company in September, following a report fromThe stock is on pace for its worst day in two years. The drop shaved more than $1.5 billion from the company's market cap, bringing it below $19 billion.
Palo Alto Networks has seen a number of its top seats change hands in recent months. In June 2018, the company
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