Inside the research
Palo Alto Networks, Inc.
PANW Research profile · latest available data
Price overview
$374.74
▼ -15.18 (-3.9%)
| 52w hi | $396.00 |
|---|---|
| 52w lo | $141.67 |
| Vol | 4.88M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.50
| Short | +0.26 |
|---|---|
| Medium | +0.77 |
| Long | +0.43 |
computed 2026-09-27
Key fundamentals
Palo Alto Networks, Inc.
Technology · Software - Infrastructure
| Market cap | $306.54B |
|---|---|
| Enterprise value | $306.03B |
| Trailing P/E | 914.00x |
| Forward P/E | 76.81x |
| EV / EBITDA | 196.18x |
| P / S (ttm) | 26.70x |
| Profit margin | 2.7% |
| Return on equity | 1.7% |
| Revenue growth | +34.5% |
| Debt / equity | 9.34 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.13 | |
| Sector | +0.19 | |
| Technical | +0.27 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Palo Alto Networks, Inc. provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers Prisma Access, a secure access service edge solution; Strata Cloud Manager, a network security management solution; and Prisma AIRS to protect customers' entire AI ecosystem. It provides a comprehensive cloud native application protection platform; and Code to Cloud platform, as well as offers VM-Series and CN-Series virtual firewalls for inline network security on multi- and hybrid-cloud environments. It provides security operation solutions through the Cortex platform that includes Cortex XSIAM, an AI-driven security operations platform; Cortex XDR to prevent, detect, and respond to cybersecurity attacks; and Cortex XSOAR for security orchestration, automation, and response; and Cortex Xpanse for attack surface management, as well as offers threat intelligence and advisory services under the Unit 42 name. It provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline; and threat intelligence, data loss prevention, services to resolve network disruptions, and sensitive data protection. It offers professional services, including architecture design and planning, implementation, configuration, and firewall migration; education services, such as certifications, as well as online and in-classroom training; and support services. It sells its products and services through its channel partners, as well as directly to enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was incorporated in 2005 and is headquartered in Santa Clara, California.
Risk Metrics
| Beta vs SPX | 1.22 |
|---|---|
| Corr SPX | 0.47 |
| Annual vol | 41.9% |
| Annual ret | +48.2% |
| Sharpe | 1.15 |
| Max DD | -36.0% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $206.46 |
|---|---|
| High / Low | $265.00 / $114.00 |
| Median | $206.00 |
| Analysts | 50 |
| Strong Buy | 10 | |
|---|---|---|
| Buy | 34 | |
| Hold | 11 | |
| Sell | 1 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-06 | Truist Securities | → Buy |
| 2026-05-06 | BTIG | → Buy |
| 2026-05-05 | Wells Fargo | → Overweight |
| 2026-03-11 | Freedom Broker | → Buy |
| 2026-03-03 | Wells Fargo | → Overweight |
| 2026-02-19 | JP Morgan | → Overweight |
Officers & Board
| CEO | Nikesh Arora since 2018 |
|---|---|
| Founder | Nir Zuk current |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-06-02 | Earnings Release, Exhibits | read |
| 2026-04-13 | Material Agreement, Material Obligation… | read |
| 2026-03-23 | Other Material Event | read |
| 2026-03-11 | Other Material Event, Exhibits | read |
| 2026-02-17 | Earnings Release, Exhibits | read |
| 2026-02-11 | Material Agreement, Material Obligation… | read |
| 2026-01-29 | Reg FD Disclosure, Exhibits | read |
| 2025-12-11 | Officer / Director Change, Shareholder Vote… | read |
| 2025-11-21 | Other Material Event | read |
| 2025-11-19 | Earnings Release, Reg FD Disclosure… | read |
| 2025-11-19 | Officer / Director Change, Exhibits | read |
| 2025-09-25 | Other Material Event | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-01 | Paul Josh D. | Officer, Chief Accounting | Withheld for tax | 3.86K | $1.28M |
| 2026-07-07 | Thorning-Schmidt Helle | Director | Sell | 700 | $242.80K |
| 2026-07-01 | Paul Josh D. | Officer, Chief Accounting | Withheld for tax | 1.09K | $372.39K |
| 2026-07-01 | Paul Josh D. | Officer, Chief Accounting | Sell | 900 | $310.50K |
| 2026-06-23 | Golechha Dipak | Officer, EVP, Chief Finan | Sell | 200 | $57.34K |
| 2026-06-23 | Golechha Dipak | Officer, EVP, Chief Finan | Sell | 1.30K | $375.64K |
| 2026-06-23 | Golechha Dipak | Officer, EVP, Chief Finan | Sell | 2.10K | $609.07K |
| 2026-06-23 | Golechha Dipak | Officer, EVP, Chief Finan | Sell | 300 | $85.44K |
| 2026-06-23 | Golechha Dipak | Officer, EVP, Chief Finan | Sell | 886 | $257.89K |
| 2026-06-23 | Golechha Dipak | Officer, EVP, Chief Finan | Sell | 214 | $62.45K |
Flow & Concentration
| Insider 180d net | -$8.85M |
|---|---|
| Insider buys / sells | 0 / 18 |
| Insider bias | Sellers |
| 13F holders | 7 |
| Top-5 share | 99.0% |
| HHI | 3,100 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $12.61B | 36.98M |
| Fidelity / FMR LLC | $6.84B | 20.05M |
| Capital Research / Capital World | $3.43B | 10.05M |
| Citadel Advisors | $2.88B | 8.46M |
| Millennium Management | $1.03B | 3.03M |
| AQR Capital Management | $265.66M | 780.79K |
| T. Rowe Price Group | $1.42M | 4.16M |
As of 2026-06-30
Federal Contracts
| Amount | Agency | Description |
|---|---|---|
| $0 | Department of Justice | EXPERT WITNESS SERVICES |
SEC Filings
The Long Run
FY 2013–2025 · 13 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $6.89B | +26.9% | |
| Gross profit | $6.77B | +43.8% | |
| Operating income | $1.24B | +18731.8% | |
| Net income | $2.58B | +5813.9% | |
| Cash from ops | $3.72B | +48.6% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $387.94 | $388.25 | $373.78 | $374.74 | 4.88M |
| Sep 24 | $392.44 | $396.30 | $387.79 | $389.92 | 3.97M |
| Sep 23 | $379.80 | $393.52 | $374.20 | $393.30 | 6.27M |
| Sep 22 | $374.80 | $377.91 | $363.58 | $374.57 | 8.11M |
| Sep 21 | $364.09 | $374.56 | $357.59 | $371.76 | 5.38M |
Understand the score. Research layers are inputs to a model, and the available data has limits.
Read the methodology →