Based on the beating its stock price took out-of-the-gate following fiscal third-quarter earnings results, it's safe to say Palo Alto Networks (NYSE: PANW) investors and pundits were not amused. The problems with Palo Alto's recent quarter range from increased spending to poor guidance and slowing revenue growth. And to make matters worse, it's a healthy dose of all three.Despite landing on the wrong side of the earnings fence, Palo Alto responded positively in one of its primary initiatives: boosting its source of recurring revenue.