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The action of Palo Alto Networks (PANW – Get Report) fell sharply Friday after the announcement of the resignation of its leaders.
The security company's actions were down $ 15.36, or 7 percent, to $ 199.25, after learning that its sales manager had resigned after three years of work.
Dave Peranich has held the position of executive vice president of global sales of the company and has played a significant role in the company's revenue growth, which is expected to reach $ 2.3 billion as of Fiscal year 2018. Palo Alto Networks has confirmed his resignation to The Information. In progress.
Peranich will remain in office until the end of September, the company said. Since the beginning of the year, Palo Alto Networks shares have increased by 17%.
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