QUICK SPARK: Palo Alto Stock Suffers Worst 2-Day Drop in 30 Months
PANW beat and raised guidance. A 100-basis-point gross margin hit still sent Palo Alto Networks stock to its worst two-day drop since February 2024.
Palo Alto Networks did better than expected and promised good things ahead, but investors got worried because profits per sale (gross margin) dropped. When a company's costs go up and profits shrink, even good news can spook people.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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