Palo Alto Networks, Inc. (PANW)
NASDAQ · Technology · analysed October 12, 2026
Founded in 2005, Palo Alto Networks, Inc. is a global cybersecurity leader that provides enterprise solutions across network security, cloud security, and security operations. The company's core offerings center on next-generation firewalls alongside its unified platform franchises, including Strata for network security, Prisma Cloud, and Cortex for security operations. Currently, Palo Alto Networks is focused on a platformization strategy to consolidate fragmented cybersecurity tools into integrated platforms, while embedding advanced artificial intelligence capabilities to enhance automated threat detection and response.
Executive summary
Palo Alto Networks continues to demonstrate robust operational scale, expanding fiscal 2026 revenue by 24.5 percent to 11.48 billion dollars backed by a 21.2 billion dollar multi-year backlog and rapid platformization adoption4. However, after a 133.5 percent share price run-up over the trailing six months, the stock trades at 100.43 times forward non-GAAP earnings while projected fiscal 2027 non-GAAP earnings growth slows to 8.7 percent due to acquisition integration costs4,7. While high switching costs and artificial intelligence tailwinds reinforce the company's competitive moat, current trading levels sit above average Wall Street price targets, leaving expectations exceptionally demanding3,16.
Sources cited here, 4 of 31
- 3marketbeat.com
- 4investors.paloaltonetworks.com
- 7investing.com
- 16tipranks.com
Key figures
- Market cap
- $342.6B
- P/E, trailing
- 1047.0
- P/E, next 12 months
- 100.4
- Revenue growth, last fiscal year
- 24.5%
- Net margin, last fiscal year
- 2.7%
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