PANW Stock - Palo Alto Networks, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $9.22B | $8.03B | $6.89B | $5.50B | $4.26B |
| Gross Profit | $6.77B | $5.97B | $4.98B | $3.78B | $2.98B |
| Gross Margin | 73.4% | 74.3% | 72.3% | 68.8% | 70.0% |
| Operating Income | $1.24B | $683.90M | $387.30M | $-188,800,000 | $-304,100,000 |
| Net Income | $1.13B | $2.58B | $439.70M | $-267,000,000 | $-498,900,000 |
| Net Margin | 12.3% | 32.1% | 6.4% | -4.9% | -11.7% |
| EPS | $1.71 | $4.04 | $0.73 | $-0.45 | $-0.86 |
Palo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company offers firewall appliances and software; Panorama, a security management solution for the control of firewall appliances and software deployed on an end-customer's network and instances in public or private cloud environments, as a virtual or a physical appliance; and virtual system upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, uniform resource locator filtering, laptop and mobile device protection, and firewall; and DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention. In addition, the company offers cloud security, secure access, security analytics and automation, and threat intelligence and cyber security consulting; 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. Palo Alto Networks, Inc. sells its products and services through its channel partners, as well as directly to medium to large 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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 21st 2025 | HSBC Securities | Downgrade | Reduce | $157 |
| October 13th 2025 | BTIG Research | Upgrade | Buy | $248 |
| August 19th 2025 | BofA Securities | Upgrade | Buy | $215 |
| August 19th 2025 | BMO Capital Markets | Reiterated | Outperform | $225← $217 |
| August 13th 2025 | Deutsche Bank | Upgrade | Buy | $220 |
| August 12th 2025 | Piper Sandler | Upgrade | Overweight | $225 |
| July 31st 2025 | KeyBanc Capital Markets | Downgrade | Sector Weight | - |
| May 15th 2025 | Roth Capital | Initiation | Neutral | $210 |
| April 10th 2025 | HSBC Securities | Upgrade | Hold | $156 |
| April 1st 2025 | Stephens | Initiation | Equal Weight | $205 |
| March 18th 2025 | Morgan Stanley | Resumed | Overweight | - |
| January 8th 2025 | Deutsche Bank | Downgrade | Hold | - |
| January 8th 2025 | BTIG Research | Downgrade | Neutral | - |
| January 6th 2025 | Guggenheim | Downgrade | Sell | $130 |
| November 22nd 2024 | HSBC Securities | Downgrade | Reduce | $291← $304 |
Earnings History & Surprises
PANWEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 18, 2026 | — | — | — | — |
Q1 2026 | Feb 12, 2026 | $0.93 | — | — | — |
Q4 2025 | Nov 19, 2025 | $0.89 | $0.93 | +4.4% | ✓ BEAT |
Q3 2025 | Aug 18, 2025 | $0.89 | $0.95 | +7.3% | ✓ BEAT |
Q2 2025 | May 20, 2025 | $0.77 | $0.80 | +3.6% | ✓ BEAT |
Q1 2025 | Feb 13, 2025 | $0.78 | $0.81 | +4.0% | ✓ BEAT |
Q4 2024 | Nov 20, 2024 | $1.48 | $0.78 | -47.3% | ✗ MISS |
Q3 2024 | Aug 19, 2024 | $1.41 | $0.76 | -46.1% | ✗ MISS |
Q2 2024 | May 20, 2024 | $1.27 | $0.66 | -48.0% | ✗ MISS |
Q1 2024 | Feb 20, 2024 | $1.30 | $0.73 | -43.8% | ✗ MISS |
Q4 2023 | Nov 15, 2023 | $0.58 | $0.69 | +19.0% | ✓ BEAT |
Q3 2023 | Aug 18, 2023 | $0.64 | $0.72 | +12.5% | ✓ BEAT |
Q2 2023 | May 23, 2023 | $0.46 | $0.55 | +19.6% | ✓ BEAT |
Q1 2023 | Feb 21, 2023 | $0.39 | $0.53 | +35.9% | ✓ BEAT |
Q4 2022 | Nov 17, 2022 | $0.34 | $0.42 | +23.5% | ✓ BEAT |
Q3 2022 | Aug 22, 2022 | $0.38 | $0.40 | +5.3% | ✓ BEAT |
Q2 2022 | May 19, 2022 | $0.28 | $0.30 | +7.1% | ✓ BEAT |
Q1 2022 | Feb 22, 2022 | $0.28 | $0.29 | +3.6% | ✓ BEAT |
Q4 2021 | Nov 18, 2021 | $0.26 | $0.27 | +3.8% | ✓ BEAT |
Q3 2021 | Aug 23, 2021 | $0.24 | $0.27 | +12.5% | ✓ BEAT |
Latest News
Palo Alto Networks, CyberArk Proposed Merger Receives German Federal Cartel Office Approval
📈 PositivePalo Alto Networks And Google Cloud Expand Strategic Partnership To Advance Secure AI Development and Deployment
📈 PositiveMorgan Stanley Maintains Overweight on Palo Alto Networks, Raises Price Target to $245
📈 PositiveJP Morgan Reinstates Overweight on Palo Alto Networks, Announces $235 Price Target
📈 PositiveGoogle Welcomes Palo Alto Networks To Google Unified Security Recommended
📈 PositiveCyberArk/Palo Alto Networks deal spread narrows amid Austrian filing
➖ NeutralShares of software stocks are trading higher after Fed Governor Waller called for a December rate cut.
📈 PositiveHSBC Downgrades Palo Alto Networks to Reduce, Maintains Price Target to $157
📉 NegativeGoldman Sachs Maintains Buy on Palo Alto Networks, Raises Price Target to $240
📈 PositiveUBS Maintains Neutral on Palo Alto Networks, Lowers Price Target to $220
➖ NeutralOppenheimer Maintains Outperform on Palo Alto Networks, Maintains $245 Price Target
📈 PositivePiper Sandler Maintains Overweight on Palo Alto Networks, Raises Price Target to $230
📈 PositiveWestPark Capital Reiterates Hold on Palo Alto Networksto Hold
➖ NeutralDA Davidson Maintains Buy on Palo Alto Networks, Maintains $240 Price Target
📈 PositiveWedbush Reiterates Outperform on Palo Alto Networks, Maintains $225 Price Target
📈 PositiveCantor Fitzgerald Reiterates Overweight on Palo Alto Networks, Maintains $250 Price Target
📈 PositiveRosenblatt Maintains Buy on Palo Alto Networks, Maintains $250 Price Target
📈 PositiveMarket-Moving News for November 20th
➖ NeutralBernstein Maintains Outperform on Palo Alto Networks, Raises Price Target to $210
📈 PositiveNeedham Reiterates Buy on Palo Alto Networks, Maintains $230 Price Target
📈 PositiveFrequently Asked Questions about PANW
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