Why Palo Alto Networks Latest Acquisition Surprised Wall Street

Group 1 - Palo Alto Networks (PANW) reported fiscal first-quarter earnings that left investors underwhelmed, leading to a decline in stock price [1] - The company announced the acquisition of Chronosphere for $3.35 billion, which operates a cloud-based "observability" platform [1] - The jobless rate in the U.S. is reported at 4.4%, with 119,000 jobs added in September [1]