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PANW US​
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  • Home
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PANW US​
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Palo Alto Networks Inc(PANW US)

$322.66-11.813.53%Ext:$327.15+4.491.39%(Pre-Market · 09:07:38 UTC)
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SEC Filings

Palo Alto Networks Inc(PANW US)

$322.66-11.813.53%Ext:$327.15+4.491.39%(Pre-Market · 09:07:38 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

Palo Alto Networks Inc — Company Profile

Palo Alto Networks, Inc. is a global leader in providing advanced cybersecurity solutions. The company's core product line includes both hardware and software-based firewalls. It also offers Panorama, a sophisticated security management platform designed for centralized control of these firewall deployments, whether they are physical appliances, virtual instances, or situated in public or private cloud environments. Additionally, the firm provides virtual system upgrades to enhance the capacity of its physical firewall units. Complementing its core products, Palo Alto Networks delivers an extensive range of subscription services. These encompass robust threat prevention, protection against malware and advanced persistent threats, URL filtering, and security for both laptop and mobile devices. Further specialized subscriptions include DNS security, Internet of Things (IoT) security, SaaS security (via API and inline methods), threat intelligence, and data loss prevention. Beyond its product and subscription offerings, the company extends various expert services, such as cloud security, secure access solutions, security analytics and automation tools, and specialized cybersecurity consulting, often integrated with threat intelligence. Its professional services cover critical areas like architectural design and planning, system implementation, configuration, and seamless firewall migration. Educational resources, including certifications and both online and in-classroom training, are also available, alongside comprehensive support services. Palo Alto Networks distributes its security solutions both directly and through an extensive network of channel partners. Its diverse clientele primarily comprises medium to large-scale enterprises, service providers, and governmental organizations across a wide array of industries. These sectors include education, energy, financial services, healthcare, internet and media, manufacturing, the broader public sector, and telecommunications. Established in 2005, Palo Alto Networks maintains its corporate headquarters in Santa Clara, California.

Sector
Industrials
Industry
Commercial Services & Supplies
Exchange
UQ
CEO
Nikesh Arora
Headquarters
Santa Clara, CA, US
IPO Date
Jul 20, 2012
Employees
21,921
Website
www.paloaltonetworks.com

Key Metrics

Price
$403.24
Market Cap
$328.64B
Revenue (TTM)
$3.00B
Net Income (TTM)
$-177000000.00

Palo Alto Networks Inc — Company Profile

Palo Alto Networks, Inc. is a global leader in providing advanced cybersecurity solutions. The company's core product line includes both hardware and software-based firewalls. It also offers Panorama, a sophisticated security management platform designed for centralized control of these firewall deployments, whether they are physical appliances, virtual instances, or situated in public or private cloud environments. Additionally, the firm provides virtual system upgrades to enhance the capacity of its physical firewall units. Complementing its core products, Palo Alto Networks delivers an extensive range of subscription services. These encompass robust threat prevention, protection against malware and advanced persistent threats, URL filtering, and security for both laptop and mobile devices. Further specialized subscriptions include DNS security, Internet of Things (IoT) security, SaaS security (via API and inline methods), threat intelligence, and data loss prevention. Beyond its product and subscription offerings, the company extends various expert services, such as cloud security, secure access solutions, security analytics and automation tools, and specialized cybersecurity consulting, often integrated with threat intelligence. Its professional services cover critical areas like architectural design and planning, system implementation, configuration, and seamless firewall migration. Educational resources, including certifications and both online and in-classroom training, are also available, alongside comprehensive support services. Palo Alto Networks distributes its security solutions both directly and through an extensive network of channel partners. Its diverse clientele primarily comprises medium to large-scale enterprises, service providers, and governmental organizations across a wide array of industries. These sectors include education, energy, financial services, healthcare, internet and media, manufacturing, the broader public sector, and telecommunications. Established in 2005, Palo Alto Networks maintains its corporate headquarters in Santa Clara, California.

Sector
Industrials
Industry
Commercial Services & Supplies
Exchange
UQ
CEO
Nikesh Arora
Headquarters
Santa Clara, CA, US
IPO Date
Jul 20, 2012
Employees
21,921
Website
www.paloaltonetworks.com

Key Metrics

Price
$403.24
Market Cap
$328.64B
Revenue (TTM)
$3.00B
Net Income (TTM)
$-177000000.00
EPS (TTM)
-0.29
P/E (TTM)
389.94
P/B (TTM)
11.95
Dividend Yield
0.00%
ROE (TTM)
-0.64%
ROA (TTM)
-0.38%
Operating Margin
-6.10%
Beta
0.71

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Palo Alto Networks, Inc. is a global leader in providing advanced cybersecurity solutions. The company's core product line includes both hardware and software-based firewalls. It also offers Panorama, a sophisticated security management platform designed for centralized control of these firewall deployments, whether they are physical appliances, virtual instances, or situated in public or private cloud environments. Additionally, the firm provides virtual system upgrades to enhance the capacity of its physical firewall units. Complementing its core products, Palo Alto Networks delivers an extensive range of subscription services. These encompass robust threat prevention, protection against malware and advanced persistent threats, URL filtering, and security for both laptop and mobile devices. Further specialized subscriptions include DNS security, Internet of Things (IoT) security, SaaS security (via API and inline methods), threat intelligence, and data loss prevention. Beyond its product and subscription offerings, the company extends various expert services, such as cloud security, secure access solutions, security analytics and automation tools, and specialized cybersecurity consulting, often integrated with threat intelligence. Its professional services cover critical areas like architectural design and planning, system implementation, configuration, and seamless firewall migration. Educational resources, including certifications and both online and in-classroom training, are also available, alongside comprehensive support services. Palo Alto Networks distributes its security solutions both directly and through an extensive network of channel partners. Its diverse clientele primarily comprises medium to large-scale enterprises, service providers, and governmental organizations across a wide array of industries. These sectors include education, energy, financial services, healthcare, internet and media, manufacturing, the broader public sector, and telecommunications. Established in 2005, Palo Alto Networks maintains its corporate headquarters in Santa Clara, California.

Website
www.paloaltonetworks.com
Location
Santa Clara, CA, US
Phone408 753 4000
Employees21,921
CEONikesh Arora
Sector
Industrials
Industry
Commercial Services & Supplies
IPO DateJul 20, 2012

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.9K)

Expand
  • Form 4Jenkins William D Jr5 Nov
  • Form 144Jenkins William D Jr4 Nov
  • Form 4Paul Josh D.3 Nov
  • Form 4Klarich Lee3 Nov
  • Form 4Jenkins William D Jr3 Nov
  • Form 4Golechha Dipak3 Nov
  • Form 4Arora Nikesh3 Nov
  • Form 144Jenkins William D Jr3 Nov
  • Form 144Jenkins William D Jr2 Nov
  • ARSANNUAL REPORT TO SECURITY HOLDERS27 Oct
  • DEFA14ADEFINITIVE ADDITIONAL PROXY SOLICITING MATERIALS27 Oct
  • DEF 14ADEFINITIVE PROXY STATEMENT27 Oct
  • Form 4Arora Nikesh14 Oct
  • Form 144Arora Nikesh13 Oct
  • Form 4Bawa Aparna9 Oct
  • Form 144Bawa Aparna9 Oct
  • Form 4Klarich Lee9 Oct
  • Form 144Klarich Lee8 Oct
  • Form 4Paul Josh D.5 Oct
  • Form 4Klarich Lee1 Oct

News

  • Bull v. Bear: PANW Opportunity in AI Meets Rising Cost Concerns03:00PM
  • Palo Alto Stock Upgraded to Buy After 20% Dip01:21PM
  • As Microsoft Goes Dark, Palo Alto Networks Jumps Ahead Of Its Q1 Earnings Report01:00PM
  • Kevin Warsh Is Giving Marc Andreessen the Fed’s Microphone Before December’s Rate Decision11:42AM
  • What Analyst Projections for Key Metrics Reveal About Palo Alto (PANW) Q1 Earnings10:16AM
  • Palo Alto, CrowdStrike Stocks Reverse Lower Despite Analyst Upgrade, Rosenblatt Price Target Hike10:15AM
  • Stock Futures Point Higher After October PPI Data09:14AM
  • CrowdStrike and Palo Alto Networks Climb 3% as Microsoft Outage Disrupts Outlook and Teams09:12AM
  • Palo Alto Networks stock rises as KeyBanc upgrades shares to Overweight09:03AM
  • PANW vs. NET: Which Cybersecurity Stock Should You Buy Right Now?12 Nov
  • The Post-Midterm Rally Clock Is Ticking—and These 3 AI Stocks Stand Out12 Nov
  • Can Software Firewall Demand Boost PANW's Network Security Growth?11 Nov
  • Palo Alto Networks (PANW) Registers a Bigger Fall Than the Market: Important Facts to Note10 Nov
  • Accenture vs. Palo Alto Networks: Which Technology Stock Is a Better Buy in 2026?10 Nov
  • PANW Price Forecast: Bearish Breakdown Threatens Deeper Correction9 Nov
  • Jim Cramer Praises The 'Number One Oil Company In The World'9 Nov
  • Palo Alto Networks, Inc. (PANW) Is a Trending Stock: Facts to Know Before Betting on It6 Nov
  • Is Palo Alto Stock a Buy Right Now in November?6 Nov
  • Palo Alto Networks in talks to buy AI agent security startup Clutch for $500M6 Nov
  • Palo Alto Networks vs. Zscaler: Which Cybersecurity Stock Is a Better Buy Going Into 2027?5 Nov

Mentions in Filings

  • … atus and performance information. (Note 4) "IBC Care Service" refers to a maintenance service that provides vulnerability support and troubleshooting assistance for Fortinet, Inc.'s FortiGate series (Note 6) and <strong>Palo Alto Networks, Inc.</strong>'s PA series (Note 7). (Note 5) "ITOGUCHI" refers to an infrastructure configuration monitoring tool that visualizes the overall picture of complex IT systems and immediately identifies the scope of impact when a …
    アイビーシー株式会社Palo Alto Networks Inc·M&A, Partnerships & Legal Information - Opinion report·12 Nov·12 Nov
  • … based on fault status and performance information. (Note 4) "IBC Care Service" refers to a maintenance service that provides vulnerability support and troubleshooting assistance for Fortinet's FortiGate series and <strong>Palo Alto Networks</strong>' PA series. (Note 5) "ITOGUCHI" is an infrastructure configuration monitoring tool that visualizes the overall picture of complex IT systems and immediately identifies the scope of impact when a failure occurs, the …
    OPI・ITホールディングス株式会社Palo Alto Networks Inc·M&A, Partnerships & Legal Information - Tender Offer Statement·12 Nov·12 Nov
  • These initiatives generated R$133 million in Health & Wellness revenues, B2C Products & Services By integrating connectivity and digital services, B2C average monthly revenue per RGU2 reached R$69.8 in 3Q26 LTM, up +8.0% YoY. During the quarter, Vivo strengthened its value proposition through the launch of AppleCare Services, becoming the first telecom operator in Latin America to offer the service. These results reinforce the effectiveness of Vi …
    TELEFONICA BRASIL S.A.Palo Alto Networks Inc·6-K - Current report (foreign private issuer)·10 Nov·10 Nov
  • We compete with large and small public companies, such as CrowdStrike, <strong>Palo Alto Networks</strong>, Rapid7 and Tenable Holdings, as well as privately held security providers including Invicti, Tanium, and Wiz (which was acquired by Google in March 2026). We also seek to replace IT, security and compliance solutions that organizations have developed internally. As we continue to extend our cloud platform’s functionality by further developing IT, security a …
    QUALYS, INC.Palo Alto Networks Inc·10-Q - Quarterly report Q3·Q3 26·9 Nov
  • … imately 3 years Term: PSARC - 1152 Issue: REFERENCE ASSETS The common stock of Advanced Micro Devices, Inc . (Bloomberg Symbol: “AMD”) The common stock of Broadcom Inc. (Bloomberg Symbol: “AVGO”) The common stock of <strong>Palo Alto Networks</strong>, Inc . (Bloomberg Symbol: “PANW”) TERMS 9.00% per quarter (approximately 36.00% per annum), if payable, unless earlier redeemed. Contingent Interest Rate: With respect to each Reference Asset, 100% of its Initial Le …
    BANK OF MONTREAL /CAN/Palo Alto Networks Inc·FWP - PSARC 1152 TERMSHEET·Q1 27·9 Nov
  • … Mac OS, iOS, Android, WindowsMobile, and Linux. We also have integrations with Microsoft, Adobe, Apple, Salesforce, Atlassian, Slack (now part of Salesforce), BetterCloud, Google, IBM, Cisco, VMware, Okta, Symantec, <strong>Palo Alto Networks</strong>, Zoom, and a variety of other productivity, collaboration, data management, generative AI, and security vendors. We are dependent on the accessibility of our platform across these third-party operating systems and a …
    DROPBOX, INC.Palo Alto Networks Inc·10-Q - Quarterly report Q3·Q3 26·6 Nov

Key Stats

Trading

Px/Chg 1D$403.24 / +1.76%
Avg Volume9.02M
Beta0.71
Mkt Cap328.64B
FD Mkt Cap307.43B

Float

Shrs Out/Float815.00M / 806.78M
Short Float0.04%
Days to Cover3.31
Stock Repurchased$1.00B

Current Valuation

EV328.63B
EV/EBITDA144.09
EV/Sales30.96
P/B11.95
P/S30.99
FCF Yield0.24%
ROE-0.64%
ROA-0.38%
Current Ratio0.86

Estimates

P/E389.94
Est P/E0.00
Est EPS0.79
Est PEG0.00

Valuation

Metric5Yr AvgNov '22Nov '23Nov '24Nov '25Oct '26
PRICE-BASED RATIOS
Price / Earnings328.04-173.27167.0848.66527.241,070.49
Price / Sales23.228.4110.6615.6252.7628.63
Price / Book Value63.13220.3042.0224.2617.1011.95
Price / Free Cash Flow124.9125.8227.9240.45113.33417.06
ENTERPRISE VALUE METRICS
Enterprise Value141,699.948,097.974,600.8125,222.9131,951.3328,626.6
Enterprise Value / Sales23.168.7410.8215.6052.0328.63
Enterprise Value / EBITDA674.39503.1285.8598.11195.282,489.60
Enterprise Value / EBIT43.79-257.21127.13126.09222.930.00

Financials

Full Financials
Millions USD5Yr CAGR (%)Jul '22Jul '23Jul '24Jul '25Jul '26
INCOME STATEMENT
Revenue20.2%5,501.56,892.78,027.59,221.511,480.0
Gross Income20.9%3,782.84,983.05,968.36,769.98,077.0
EBITDA8.4%95.6869.01,276.41,941.0132.0
EBIT—-187.0586.8993.11,597.6-
Net Income—-267.0439.72,577.61,133.9307.0
EPS (Diluted)—-0.450.643.641.600.44
BALANCE SHEET
Cash & ST Inv-4.1%3,634.52,390.02,578.82,903.23,071.0
Total Assets41%12,253.614,501.119,990.923,576.248,460.0
Total Liabilities14.9%12,043.612,752.714,821.215,751.820,968.0
Total Shareholder Equity238.3%210.01,748.45,169.77,824.427,492.0
CASH FLOW
Net Operating Cash Flow23.3%1,984.72,777.53,257.63,716.0—
Cap Ex8.5%-192.8-146.3-156.8-246.2—
Free Cash Flow24.6%1,791.92,631.23,100.83,469.8—

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)323.03
Basic Shares815.00
Market Cap263,269.4
Diluted Shares817.00
Fully Diluted Shares Outstanding817.00
Fully Diluted Market Cap263,915.5
+Consolidated Debt2,500.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-2,514.0
−Short-term Investments-557.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value263,255.4

Segment data

Revenue

by Products and services

  • Subscription54%
  • Support26%
  • Product20%

Revenue

by Geography

  • Americas67%
  • Emea21%
  • Asia Pacific12%

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EPS (TTM)
-0.29
P/E (TTM)
389.94
P/B (TTM)
11.95
Dividend Yield
0.00%
ROE (TTM)
-0.64%
ROA (TTM)
-0.38%
Operating Margin
-6.10%
Beta
0.71

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Palo Alto Networks, Inc. is a global leader in providing advanced cybersecurity solutions. The company's core product line includes both hardware and software-based firewalls. It also offers Panorama, a sophisticated security management platform designed for centralized control of these firewall deployments, whether they are physical appliances, virtual instances, or situated in public or private cloud environments. Additionally, the firm provides virtual system upgrades to enhance the capacity of its physical firewall units. Complementing its core products, Palo Alto Networks delivers an extensive range of subscription services. These encompass robust threat prevention, protection against malware and advanced persistent threats, URL filtering, and security for both laptop and mobile devices. Further specialized subscriptions include DNS security, Internet of Things (IoT) security, SaaS security (via API and inline methods), threat intelligence, and data loss prevention. Beyond its product and subscription offerings, the company extends various expert services, such as cloud security, secure access solutions, security analytics and automation tools, and specialized cybersecurity consulting, often integrated with threat intelligence. Its professional services cover critical areas like architectural design and planning, system implementation, configuration, and seamless firewall migration. Educational resources, including certifications and both online and in-classroom training, are also available, alongside comprehensive support services. Palo Alto Networks distributes its security solutions both directly and through an extensive network of channel partners. Its diverse clientele primarily comprises medium to large-scale enterprises, service providers, and governmental organizations across a wide array of industries. These sectors include education, energy, financial services, healthcare, internet and media, manufacturing, the broader public sector, and telecommunications. Established in 2005, Palo Alto Networks maintains its corporate headquarters in Santa Clara, California.

Website
www.paloaltonetworks.com
Location
Santa Clara, CA, US
Phone408 753 4000
Employees21,921
CEONikesh Arora
Sector
Industrials
Industry
Commercial Services & Supplies
IPO DateJul 20, 2012

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.9K)

Expand
  • Form 4Jenkins William D Jr5 Nov
  • Form 144Jenkins William D Jr4 Nov
  • Form 4Paul Josh D.3 Nov
  • Form 4Klarich Lee3 Nov
  • Form 4Jenkins William D Jr3 Nov
  • Form 4Golechha Dipak3 Nov
  • Form 4Arora Nikesh3 Nov
  • Form 144Jenkins William D Jr3 Nov
  • Form 144Jenkins William D Jr2 Nov
  • ARSANNUAL REPORT TO SECURITY HOLDERS27 Oct
  • DEFA14ADEFINITIVE ADDITIONAL PROXY SOLICITING MATERIALS27 Oct
  • DEF 14ADEFINITIVE PROXY STATEMENT27 Oct
  • Form 4Arora Nikesh14 Oct
  • Form 144Arora Nikesh13 Oct
  • Form 4Bawa Aparna9 Oct
  • Form 144Bawa Aparna9 Oct
  • Form 4Klarich Lee9 Oct
  • Form 144Klarich Lee8 Oct
  • Form 4Paul Josh D.5 Oct
  • Form 4Klarich Lee1 Oct

News

  • Bull v. Bear: PANW Opportunity in AI Meets Rising Cost Concerns03:00PM
  • Palo Alto Stock Upgraded to Buy After 20% Dip01:21PM
  • As Microsoft Goes Dark, Palo Alto Networks Jumps Ahead Of Its Q1 Earnings Report01:00PM
  • Kevin Warsh Is Giving Marc Andreessen the Fed’s Microphone Before December’s Rate Decision11:42AM
  • What Analyst Projections for Key Metrics Reveal About Palo Alto (PANW) Q1 Earnings10:16AM
  • Palo Alto, CrowdStrike Stocks Reverse Lower Despite Analyst Upgrade, Rosenblatt Price Target Hike10:15AM
  • Stock Futures Point Higher After October PPI Data09:14AM
  • CrowdStrike and Palo Alto Networks Climb 3% as Microsoft Outage Disrupts Outlook and Teams09:12AM
  • Palo Alto Networks stock rises as KeyBanc upgrades shares to Overweight09:03AM
  • PANW vs. NET: Which Cybersecurity Stock Should You Buy Right Now?12 Nov
  • The Post-Midterm Rally Clock Is Ticking—and These 3 AI Stocks Stand Out12 Nov
  • Can Software Firewall Demand Boost PANW's Network Security Growth?11 Nov
  • Palo Alto Networks (PANW) Registers a Bigger Fall Than the Market: Important Facts to Note10 Nov
  • Accenture vs. Palo Alto Networks: Which Technology Stock Is a Better Buy in 2026?10 Nov
  • PANW Price Forecast: Bearish Breakdown Threatens Deeper Correction9 Nov
  • Jim Cramer Praises The 'Number One Oil Company In The World'9 Nov
  • Palo Alto Networks, Inc. (PANW) Is a Trending Stock: Facts to Know Before Betting on It6 Nov
  • Is Palo Alto Stock a Buy Right Now in November?6 Nov
  • Palo Alto Networks in talks to buy AI agent security startup Clutch for $500M6 Nov
  • Palo Alto Networks vs. Zscaler: Which Cybersecurity Stock Is a Better Buy Going Into 2027?5 Nov

Mentions in Filings

  • … atus and performance information. (Note 4) "IBC Care Service" refers to a maintenance service that provides vulnerability support and troubleshooting assistance for Fortinet, Inc.'s FortiGate series (Note 6) and <strong>Palo Alto Networks, Inc.</strong>'s PA series (Note 7). (Note 5) "ITOGUCHI" refers to an infrastructure configuration monitoring tool that visualizes the overall picture of complex IT systems and immediately identifies the scope of impact when a …
    アイビーシー株式会社Palo Alto Networks Inc·M&A, Partnerships & Legal Information - Opinion report·12 Nov·12 Nov
  • … based on fault status and performance information. (Note 4) "IBC Care Service" refers to a maintenance service that provides vulnerability support and troubleshooting assistance for Fortinet's FortiGate series and <strong>Palo Alto Networks</strong>' PA series. (Note 5) "ITOGUCHI" is an infrastructure configuration monitoring tool that visualizes the overall picture of complex IT systems and immediately identifies the scope of impact when a failure occurs, the …
    OPI・ITホールディングス株式会社Palo Alto Networks Inc·M&A, Partnerships & Legal Information - Tender Offer Statement·12 Nov·12 Nov
  • These initiatives generated R$133 million in Health & Wellness revenues, B2C Products & Services By integrating connectivity and digital services, B2C average monthly revenue per RGU2 reached R$69.8 in 3Q26 LTM, up +8.0% YoY. During the quarter, Vivo strengthened its value proposition through the launch of AppleCare Services, becoming the first telecom operator in Latin America to offer the service. These results reinforce the effectiveness of Vi …
    TELEFONICA BRASIL S.A.Palo Alto Networks Inc·6-K - Current report (foreign private issuer)·10 Nov·10 Nov
  • We compete with large and small public companies, such as CrowdStrike, <strong>Palo Alto Networks</strong>, Rapid7 and Tenable Holdings, as well as privately held security providers including Invicti, Tanium, and Wiz (which was acquired by Google in March 2026). We also seek to replace IT, security and compliance solutions that organizations have developed internally. As we continue to extend our cloud platform’s functionality by further developing IT, security a …
    QUALYS, INC.Palo Alto Networks Inc·10-Q - Quarterly report Q3·Q3 26·9 Nov
  • … imately 3 years Term: PSARC - 1152 Issue: REFERENCE ASSETS The common stock of Advanced Micro Devices, Inc . (Bloomberg Symbol: “AMD”) The common stock of Broadcom Inc. (Bloomberg Symbol: “AVGO”) The common stock of <strong>Palo Alto Networks</strong>, Inc . (Bloomberg Symbol: “PANW”) TERMS 9.00% per quarter (approximately 36.00% per annum), if payable, unless earlier redeemed. Contingent Interest Rate: With respect to each Reference Asset, 100% of its Initial Le …
    BANK OF MONTREAL /CAN/Palo Alto Networks Inc·FWP - PSARC 1152 TERMSHEET·Q1 27·9 Nov
  • … Mac OS, iOS, Android, WindowsMobile, and Linux. We also have integrations with Microsoft, Adobe, Apple, Salesforce, Atlassian, Slack (now part of Salesforce), BetterCloud, Google, IBM, Cisco, VMware, Okta, Symantec, <strong>Palo Alto Networks</strong>, Zoom, and a variety of other productivity, collaboration, data management, generative AI, and security vendors. We are dependent on the accessibility of our platform across these third-party operating systems and a …
    DROPBOX, INC.Palo Alto Networks Inc·10-Q - Quarterly report Q3·Q3 26·6 Nov

Key Stats

Trading

Px/Chg 1D$403.24 / +1.76%
Avg Volume9.02M
Beta0.71
Mkt Cap328.64B
FD Mkt Cap307.43B

Float

Shrs Out/Float815.00M / 806.78M
Short Float0.04%
Days to Cover3.31
Stock Repurchased$1.00B

Current Valuation

EV328.63B
EV/EBITDA144.09
EV/Sales30.96
P/B11.95
P/S30.99
FCF Yield0.24%
ROE-0.64%
ROA-0.38%
Current Ratio0.86

Estimates

P/E389.94
Est P/E0.00
Est EPS0.79
Est PEG0.00

Valuation

Metric5Yr AvgNov '22Nov '23Nov '24Nov '25Oct '26
PRICE-BASED RATIOS
Price / Earnings328.04-173.27167.0848.66527.241,070.49
Price / Sales23.228.4110.6615.6252.7628.63
Price / Book Value63.13220.3042.0224.2617.1011.95
Price / Free Cash Flow124.9125.8227.9240.45113.33417.06
ENTERPRISE VALUE METRICS
Enterprise Value141,699.948,097.974,600.8125,222.9131,951.3328,626.6
Enterprise Value / Sales23.168.7410.8215.6052.0328.63
Enterprise Value / EBITDA674.39503.1285.8598.11195.282,489.60
Enterprise Value / EBIT43.79-257.21127.13126.09222.930.00

Financials

Full Financials
Millions USD5Yr CAGR (%)Jul '22Jul '23Jul '24Jul '25Jul '26
INCOME STATEMENT
Revenue20.2%5,501.56,892.78,027.59,221.511,480.0
Gross Income20.9%3,782.84,983.05,968.36,769.98,077.0
EBITDA8.4%95.6869.01,276.41,941.0132.0
EBIT—-187.0586.8993.11,597.6-
Net Income—-267.0439.72,577.61,133.9307.0
EPS (Diluted)—-0.450.643.641.600.44
BALANCE SHEET
Cash & ST Inv-4.1%3,634.52,390.02,578.82,903.23,071.0
Total Assets41%12,253.614,501.119,990.923,576.248,460.0
Total Liabilities14.9%12,043.612,752.714,821.215,751.820,968.0
Total Shareholder Equity238.3%210.01,748.45,169.77,824.427,492.0
CASH FLOW
Net Operating Cash Flow23.3%1,984.72,777.53,257.63,716.0—
Cap Ex8.5%-192.8-146.3-156.8-246.2—
Free Cash Flow24.6%1,791.92,631.23,100.83,469.8—

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)323.03
Basic Shares815.00
Market Cap263,269.4
Diluted Shares817.00
Fully Diluted Shares Outstanding817.00
Fully Diluted Market Cap263,915.5
+Consolidated Debt2,500.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-2,514.0
−Short-term Investments-557.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value263,255.4

Segment data

Revenue

by Products and services

  • Subscription54%
  • Support26%
  • Product20%

Revenue

by Geography

  • Americas67%
  • Emea21%
  • Asia Pacific12%

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