The actions of Palo Alto Networks have fallen 6.80% on Wall Street this Wednesday After the company submitted its quarterly accounts, which have improved consensus forecasts with both their income and benefits, but have disappointed the market with the gross margin. Specifically, the technology has reported for the first quarter of the year a Gross margin adjusted from 76%, less than 77.2% expected by the analyst consensus. While, The benefit has fallen to 262.1 million dollars, from the 278.8 registered in the same 2024 periodalthough the benefit per action (BPA) adjusted, of $ 0.80, has improved the forecasts of the market, which aimed at $ 0.77. Similarly, sales have improved forecasts after rise from 1,984.8 million registered between January and March 2024 to 2,289 millionwith increases both in your product business and in the subscription and support. For Bankinter analysts, these figures suppose some «positive results thanks to the leadership position of Palo Alto within the sector and their diversification of solutions in several segments within cybersecurity. «In addition, they explain that the company has also fallen in the stock market Guides, which despite improving them, are practically in line with the market consensus«.» Especially important for Palo Alto is the RPO metricother than income, which represents the Total expected sales of existing contractsbut not yet fulfilled. He makes a Palo Alto quarter changed the metrics included in his guides and introduced RPO's replacing the billing, since the latter did not consider her representative of her business. This quarter stood at 13.5 billion (+19%) compared to 13,546 million, «they detail.
