Palo Alto Networks (NASDAQ: PANW) Plummets, Geospace Technologies (NASDAQ: GEOS) CFO Heads For The Door
On November 8, 2019, Lemelson Capital Management, on behalf of its investors in The Amvona Fund, LP initiated a short position in shares of Palo Alto Networks.
In early trading today, shares of Palo Alto Networks plummeted nearly 12 percent after the cybersecurity company gave an outlook for its current quarter that was below Wall Street estimates and provided a disappointing profit outlook.
Separately on November 21, 2019, Geospace Technologies announced that the company's Vice President and Chief Financial Officer Tom McEntire would be "retiring" at a curiously young age. Lemelson Capital management previously called for Mr. McEntire's removal from the company. To read Rev. Fr. Emmanuel Lemelson's full letter to the board of directors of the company, click here.
Disclosure: Lemelson Capital Management is short shares of Palo Alto Networks and long shares of Geospace Technologies on behalf of its investors in The Amvona Fund, LP.
About Lemelson Capital Management
Lemelson Capital Management, LLC is a private investment management firm focused on deep value and special situation investments. For more information, visit: http://www.lemelsoncapital.com or follow on Twitter @LemelsonCapital.
About Rev. Fr. Emmanuel Lemelson:
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