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NASDAQ · US · Software - Infrastructure

PANW Palo Alto Networks

Network, cloud and identity security platform

Tight but sold off Its supply chain is tightening but the stock is below its 50-day average — price and fundamentals disagree. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-11-12
$322.7
−3.53% today
1W
+2.5%
1M
−14.0%
3M
−16.0%
YTD
+75.2%
1Y
+53.6%
Off 52w high
−23.2%
Next earnings (est.): 2026-11-18
Market cap$264B
P/E (trailing)806.6Forward 66.1
EV / sales23.8×EV/EBITDA 175.1×
Revenue (TTM)$11.48BGrowth 34.5% y/y
Margins70.4%gross · op 7.0%
Free cash flow$4.24BCash $3.07B · debt $2.57B
Analyst target$399.0+23.7% upside · 50 analysts · buy
Riskβ 0.97Short 2.5% of float

Fundamentals from public market data, refreshed daily (2026-11-12 22:21 UTC). Figures in reporting currency.

PANW · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-09-01EarningsBeat / raise

    Reported EPS 1.02 vs 0.98 expected (+4.3% surprise).

  2. 7
    2026-06-02EarningsBeat / raise

    Reported EPS 0.85 vs 0.8 expected (+6.6% surprise).

  3. 6
    2026-02-17EarningsBeat / raise

    Reported EPS 1.03 vs 0.94 expected (+9.9% surprise).

  4. 5
    2025-11-19EarningsBeat / raise

    Reported EPS 0.93 vs 0.89 expected (+4.4% surprise).

  5. 4
    2025-08-18EarningsBeat / raise

    Reported EPS 0.95 vs 0.89 expected (+7.3% surprise).

  6. 3
    2025-05-20EarningsBeat / raise

    Reported EPS 0.8 vs 0.77 expected (+3.6% surprise).

  7. 2
    2025-02-13EarningsBeat / raise

    Reported EPS 0.81 vs 0.78 expected (+3.9% surprise).

  8. 1
    2024-11-20EarningsBeat / raise

    Reported EPS 0.78 vs 0.74 expected (+5.8% surprise).

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-09-010.981.02+4.3%
2026-06-020.80.85+6.6%
2026-02-170.941.03+9.9%
2025-11-190.890.93+4.4%
2025-08-180.890.95+7.3%
2025-05-200.770.8+3.6%
2025-02-130.780.81+3.9%
2024-11-200.740.78+5.8%
2024-08-190.710.76+7.0%
2024-05-200.620.66+5.6%
2024-02-200.650.73+12.2%
2023-11-150.580.69+18.6%
2023-08-180.640.72+12.0%
2023-05-230.460.52+12.6%
2023-02-210.390.53+35.4%
2022-11-170.340.42+20.4%
2022-08-220.380.4+4.9%
2022-05-190.280.3+6.7%
2022-02-220.270.29+5.6%
2021-11-180.260.27+4.5%
2021-08-230.240.27+11.3%
2021-05-200.210.23+7.3%
2021-02-220.240.26+8.0%
2020-11-160.220.27+21.7%

About Palo Alto Networks

Website ↗

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 …

21,921 employees · Santa Clara, United States

AI agents and AI-written attacks expand the attack surface faster than security teams can hire. Spend shifts to platforms that use AI to defend AI workloads.

Threats→Detection→Platform→Response

What would prove us wrong. Weakens if net-new ARR decelerates across the group while breach activity stays high.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
CRWD
CrowdStrike
Endpoint and cloud security platform $229.9+0.35%−7.8%+96.2%
ZS
Zscaler
Zero-trust security for AI traffic $193.2−0.30%−12.5%−14.1%
FTNT
Fortinet
Firewalls and secure networking $129.5+1.12%−29.6%+63.1%
NET
Cloudflare
Edge network, AI inference and bot defence $318.5+1.11%−1.8%+61.5%
S
SentinelOne
AI-native endpoint security $22.29−6.27%−2.3%+48.6%
OKTA
Okta
Identity for people and AI agents $182.5+0.16%−13.9%+111.1%
CHKP
Check Point Software
Network and cloud security $147.5+0.62%+10.0%−20.5%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.