🔴 Palo Alto Networks is trading 12.17% down today as lower gross margin outweighed earnings beat

Palo Alto Networks is trading 12.17% down at BRL 28.30 after lower gross margin overshadowed its earnings beat.

• September 1 results included fiscal fourth-quarter revenue of $3.41 billion and adjusted EPS of $1.02, beating expectations.
• Fourth-quarter gross margin fell 100 basis points year over year to 74.8%; rising cloud and hardware costs, acquisition integration expenses, and softer near-term expectations weighed on sentiment.
• Broader software weakness and elevated yields are adding pressure.