Palo Alto Networks’ stock sinks toward worst day on record upon ‘abrupt pivot’

Palo Alto Networks Inc. shares could be headed for their worst day on record as Wall Street frets about a strategic pivot that’s expected to hit results in the near term.The stock was off 24.7% in premarket trading Wednesday after the company missed expectations with its outlook in light of a change in strategy meant to get more customers to adopt a broader suite of its offerings — a move that prompted several analysts to abandon their bullish views on Palo Alto Networks shares PANW,