Why Palo Alto Networks Dropped After Earnings Beat
Why isn't Palo Alto stock benefiting more from its backlog?
Palo Alto Networks (NASDAQ: PANW) stock tumbled 6.6% through 11 a.m. ET Wednesday despite beating analyst expectations for fiscal Q3 2025 earnings last night.
Heading into the report, Wall Street analysts forecast Palo Alto to earn $0.77 per share, adjusted for one-time items, on sales of just under $2.3 billion. Palo Alto edged out the sales forecast, however, and reported $0.80 per share.
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