Palo Alto Networks

OverviewSuggest Edit

Palo Alto Networks is a provider of cybersecurity solutions that protect organizations across clouds, networks, and mobile devices. Its flagship platforms, including Strata, Prisma, and Cortex, are used in a variety of security applications, such as data protection, IoT security, secure 5G, cloud network security, cloud workload protection, endpoint protection, orchestration and automation, detection and response, etc. The company serves the government, financial services, healthcare, education, manufacturing, oil and gas, utilities, retail, and other industries.
TypePublic
Founded2005
HQSanta Clara, CA, US
Websitepaloaltonetworks.com
Employee Ratings4
Overall CultureA+

Latest Updates

Employees (est.) (Apr 2022)11,870(+3%)
Job Openings1,573
Revenue (FY, 2021)$4.3 B(+25%)
Share Price (Aug 2022)$507.7(+2%)
Cybersecurity ratingBMore
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Key People/Management at Palo Alto Networks

Nikesh Arora

Nikesh Arora

Chief Executive Officer and Chairman
BJ Jenkins

BJ Jenkins

President
Nir Zuk

Nir Zuk

Founder and Chief Technology Officer
Lee Klarich

Lee Klarich

Chief Product Officer
Amit Singh

Amit Singh

Chief Business Officer
Liane Hornsey

Liane Hornsey

Chief People Officer
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Palo Alto Networks Office Locations

Palo Alto Networks has offices in Santa Clara, New York, Plano, Reston and in 53 other locations
Santa Clara, CA, US (HQ)
3000 Tannery Way
New York, NY, US
350 5th Ave 40th Floor, Suite 4010
Plano, TX, US
3901 North Dallas Pkwy
Reston, VA, US
12110 Sunset Hills Rd #200
Abbotsford, AU
16/71 Victoria Cres
Adelaide, AU
5 Peel St
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Palo Alto Networks Financials and Metrics

Palo Alto Networks Revenue

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Palo Alto Networks's revenue was reported to be $4.26 b in FY, 2021 which is a 24.9% increase from the previous period.
USD

Revenue (Q3, 2022)

1.4b

Gross profit (Q3, 2022)

946.2m

Gross profit margin (Q3, 2022), %

68.2%

Net income (Q3, 2022)

(73.2m)

EBIT (Q3, 2022)

(47.6m)

Market capitalization (1-Aug-2022)

50.6b

Closing stock price (1-Aug-2022)

507.7

Cash (30-Apr-2022)

2.4b

EV

48.4b
Palo Alto Networks's current market capitalization is $50.6 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

2.9b3.4b4.3b

Revenue growth, %

28%18%25%

Cost of goods sold

808.4m999.5m1.3b

Gross profit

2.1b2.4b3.0b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Revenue

771.9m816.7m869.4m946.0m1.0b1.1b1.2b1.3b1.4b

Cost of goods sold

217.7m233.1m258.3m277.8m307.6m330.6m380.6m405.3m440.5m

Gross profit

554.2m583.6m611.1m668.2m709.3m743.3m866.8m911.6m946.2m

Gross profit Margin, %

72%71%70%71%70%69%69%69%68%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

961.4m3.0b1.9b

Accounts Receivable

582.4m1.0b1.2b

Prepaid Expenses

279.3m344.3m229.3m

Current Assets

3.7b5.1b4.6b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Cash

1.3b2.0b1.5b2.1b2.1b1.9b2.3b1.9b2.4b

Accounts Receivable

499.2m540.3m668.8m675.5m669.2m766.8m812.1m952.2m1.2b

Prepaid Expenses

289.4m304.0m306.4m407.8m435.4m428.7m292.7m298.0m295.6m

Current Assets

3.6b4.0b3.0b4.3b4.3b4.1b4.8b4.9b5.7b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

(81.9m)(267.0m)(498.9m)

Depreciation and Amortization

153.8m206.1m260.4m

Accounts Payable

32.3m(12.8m)(11.8m)

Cash From Operating Activities

1.1b1.0b1.5b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Net Income

(59.6m)133.3m(208.1m)(92.2m)(234.5m)(379.6m)(103.6m)(197.1m)(270.3m)

Depreciation and Amortization

44.0m92.4m145.6m58.0m122.9m191.6m69.0m138.7m210.1m

Accounts Payable

(2.5m)(17.3m)(22.8m)(17.7m)(23.6m)3.4m37.6m59.8m51.6m

Cash From Operating Activities

225.2m532.1m702.0m534.9m899.4m1.2b588.9m1.1b1.5b
USDFY, 2019

EV/EBIT

-410.6 x

EV/CFO

21 x

Revenue/Employee

463.6k

Debt/Equity

0.9 x

Debt/Assets

0.2 x

Financial Leverage

4.2 x

P/E Ratio

(260.4)
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Palo Alto Networks Operating Metrics

Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021Q1, 2022Q2, 2022Q3, 2022

Billings

$852.5 m$821.9 m$3.49 b$897.4 m$998.9 m$1.02 b$4.3 b$1.08 b$1.21 b$1.29 b$5.45 b$1.38 b$1.61 b$1.8 b

Countries (Customers)

150150150150150150170170170170170170170170

Customers to Date

59 k62 k70 k73 k75 k80 k82 k85 k

Remaining Performance Obligations

$2.6 b$2.7 b$3.1 b$3.1 b$3.3 b$3.5 b$4.3 b$4.4 b$4.6 b$4.9 b$5.9 b$6 b$6.3 b$6.9 b

Palo Alto Networks Acquisitions / Subsidiaries

Company NameDateDeal Size
Gamma Networks, Inc.August 11, 2021$20.4 m
BridgecrewMarch 02, 2021$156.9 m
SinefaNovember 24, 2020$27 m
ExpanseNovember 15, 2020$797.2 m
The Crypsis GroupSeptember 17, 2020$227.7 m
CloudGenixApril 21, 2020$402.7 m
AporetoDecember 23, 2019$144.1 m
ZingBoxSeptember 20, 2019$66.4 m
TwistlockJuly 09, 2019$378.1 m
PureSec LtdJune 12, 2019$36.8 m
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Palo Alto Networks Revenue Breakdown

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Palo Alto Networks revenue breakdown by business segment: 26.3% from Product and 73.7% from Subscription and Support

Palo Alto Networks revenue breakdown by geographic segment: 69.0% from Americas, 11.8% from APAC and 19.2% from EMEA

Palo Alto Networks Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Palo Alto Networks Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Palo Alto Networks Online and Social Media Presence

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Palo Alto Networks Company Culture

  • Overall Culture

    A+

    87/100

  • CEO Rating

    A+

    89/100

  • Compensation

    A+

    86/100

  • Diversity

    A+

    88/100

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Palo Alto Networks News and Updates

Palo Alto Networks stock is positioned for 'total platform domination,' says analyst

Wolfe Research analyst Joshua Tilton initiated coverage of Palo Alto Networks Inc. shares with an outperform rating and $700 price target Monday, writing that while investors seem to view Palo Alto Networks as a place to "hide out" in the current market, they don't appropriately recognize the value…

Palo Alto Networks can surge 40% as it expands its next-gen security business, Wolfe Research says

The firm said investors should take a closer look at the rapidly growing next generation security (NGS) portfolio, which is poised to outperform.

Palo Alto Networks Unit 42 Incident Response Report Reveals that Phishing and Software Vulnerabilities Cause Nearly 70% of Cyber Incidents

The 2022 Unit 42 Incident Response Report reveals trends, future implications and offers recommendations based on data gathered from a year's worth of investigations SANTA CLARA, Calif., July 26, 2022 /PRNewswire/ -- According to a new report from Palo Alto Networks (NASDAQ: PANW), the...

Palo Alto Networks Named a Best Place to Work for Disability Inclusion

SANTA CLARA, Calif., July 20, 2022 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, today proudly announced it has received a perfect score of 100 on The Disability Equality Index® (DEI), designating the company as a Best Place to Work for Disability...

Palo Alto Networks appoints Steven Scheurmann as Regional VP for ASEAN

Palo Alto Networks, the global cybersecurity leader, today announced the appointment of Steven Scheurmann to the role of regional vice president for ASEAN. Scheurmann will oversee Palo Alto Networks business in the region – from driving revenue growth and market momentum, to building the overall str…

Palo Alto Networks Products Added to the DoD ESI Portfolio

I’m thrilled to announce that a new DOD Enterprise Software Initiative (ESI) program contract has been awarded for Palo Alto Networks products. Fourteen contracts were awarded in total with nine given to small businesses to help agencies meet their socio-economic goals. This contract will make it ea…
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Palo Alto Networks Blogs

Presidio and Palo Alto Networks Secure Hybrid Workforces with ZTNA 2.0

Presidio and Palo Alto Networks partnered to overcome the limitations of legacy ZTNA solutions with ZTNA 2.0 – protecting today's hybrid workforces. The post Presidio and Palo Alto Networks Secure Hybrid Workforces with ZTNA 2.0 appeared first on Palo Alto Networks Blog.

Prisma Cloud Introduces Out-of-Band Web App and API Security

Prisma Cloud introduces out-of-band web app and API security, addressing concerns that leave cloud-native applications vulnerable. The post Prisma Cloud Introduces Out-of-Band Web App and API Security appeared first on Palo Alto Networks Blog.

The Importance of a Consistent Security Policy

The previous security market now has options for standardizing and providing consistent security across cloud, endpoint, network and operations. The post The Importance of a Consistent Security Policy appeared first on Palo Alto Networks Blog.

ZTNA 1.0 Has an App Problem — It Can’t Secure All Apps

While legacy ZTNA 1.0 solutions only address a fraction of enterprise apps, ZTNA 2.0 will secure all apps consistently, regardless of where they’re hosted. The post ZTNA 1.0 Has an App Problem — It Can’t Secure All Apps appeared first on Palo Alto Networks Blog.

Ignite ‘22 Call for Papers is Now Open!

This year’s Ignite ‘22 call for papers may focus on our next-generation cybersecurity technologies, innovative threat research or evolved best practices. The post Ignite ‘22 Call for Papers is Now Open! appeared first on Palo Alto Networks Blog.

Palo Alto Networks and Coordinated Enforcement for Malware

Coordinated enforcement means identifying an attack in one place, which becomes propagated to not just other products, but other customers as well. The post Palo Alto Networks and Coordinated Enforcement for Malware appeared first on Palo Alto Networks Blog.
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Palo Alto Networks Frequently Asked Questions

  • When was Palo Alto Networks founded?

    Palo Alto Networks was founded in 2005.

  • Who are Palo Alto Networks key executives?

    Palo Alto Networks's key executives are Nikesh Arora, BJ Jenkins and Nir Zuk.

  • How many employees does Palo Alto Networks have?

    Palo Alto Networks has 11,870 employees.

  • What is Palo Alto Networks revenue?

    Latest Palo Alto Networks annual revenue is $4.3 b.

  • What is Palo Alto Networks revenue per employee?

    Latest Palo Alto Networks revenue per employee is $358.6 k.

  • Who are Palo Alto Networks competitors?

    Competitors of Palo Alto Networks include Juniper Networks, Zscaler and CrowdStrike.

  • Where is Palo Alto Networks headquarters?

    Palo Alto Networks headquarters is located at 3000 Tannery Way, Santa Clara.

  • Where are Palo Alto Networks offices?

    Palo Alto Networks has offices in Santa Clara, New York, Plano, Reston and in 53 other locations.

  • How many offices does Palo Alto Networks have?

    Palo Alto Networks has 57 offices.