Companies/Security/PANW

PANW

Palo Alto Networks

Strategic Compounder

AI security · governance · identity·US·Santa Clara, CA·#3 / 12 in segment·20.4% of segment mcap

$246.66

8.9% vs S&P 12m

Business overview

AI productivity upside

Platformization strategy across network, cloud, and SOC; AI agents (XSIAM) reshaping SecOps.

Largest pure-play security platform with the broadest AI agent monetization roadmap.

Products

NGFW
Prisma Cloud
Cortex XSIAM

Customers (1)

Enterprises globally

Competitors (3)

Composite score

Higher = stronger overall research case

Fundamental69

Technical62

Valuation25

AI relevance70

Risk-adjusted (higher = safer)57

Segment-relative fundamental percentile: 78

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: 55.1%6M RS: 10.2%12M RS: 8.9%Vol30d: 49%DD52w: -0.4%

Financial summary

Curated, illustrative

Revenue

$9.89B

Growth (YoY)

14.9%

Gross margin

73.5%

Operating margin

15.5%

FCF

$2.86B

Capex

$1.11B

Net cash / (debt)

$4.08B

ROIC

3.4%

Customer conc.

Medium

Valuation

Market cap

$200.04B

Enterprise value

$195.96B

P/E (TTM)

137.0x

Forward P/E

62.0x

EV / Sales

19.8x

EV / EBITDA

127.5x

P / FCF

70.0x

PEG

4.1x

Rule of 40

55.0%

Risks

Severity 1 (low) to 5 (severe)

3
Deferred billings dynamics

Score components

What drove the composite

Growth60

Profitability54

Cash generation89

Balance sheet89

Moat / AI relevance75

Capital intensity (higher = lighter)57

Customer diversification60

Valuation discipline (dilution)65

Trend (MA50/MA200)65

Momentum (3/6/12m)71

Relative strength59

Realized vol (higher = lower vol)43

Segment peers

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