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 Ratings3.9
Overall CultureB+

Latest Updates

Employees (est.) (Jan 2021)9,038(+8%)
Job Openings1,842
Revenue (FY, 2020)$3.4 B(+18%)
Share Price (May 2021)$336.8(+4%)
Cybersecurity ratingBMore

Key People/Management at Palo Alto Networks

Nikesh Arora

Nikesh Arora

Chief Executive Officer and Chairman
Amit Singh

Amit Singh

President
Lee Klarich

Lee Klarich

Chief Product Officer
Nir Zuk

Nir Zuk

Founder and Chief Technology Officer
Jean Compeau

Jean Compeau

Chief Accounting 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 52 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 Dallas Pkwy
Reston, VA, US
12110 Sunset Hills Rd #200Reston
Adelaide, AU
5 Peel St
Brisbane City, AU
310 Edward 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 $3.41 b in FY, 2020 which is a 17.5% increase from the previous period.
USD

Revenue (Q2, 2021)

1.0b

Gross profit (Q2, 2021)

709.3m

Gross profit margin (Q2, 2021), %

69.8%

Net income (Q2, 2021)

(142.3m)

EBIT (Q2, 2021)

(88.8m)

Market capitalization (14-May-2021)

32.8b

Closing stock price (14-May-2021)

336.8

Cash (31-Jan-2021)

2.1b

EV

34.1b
Palo Alto Networks's current market capitalization is $32.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

2.3b2.9b3.4b

Revenue growth, %

29%28%18%

Cost of goods sold

645.3m808.4m999.5m

Gross profit

1.6b2.1b2.4b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

656.0m711.2m726.6m771.9m816.7m869.4m946.0m1.0b

Cost of goods sold

183.5m202.6m204.9m217.7m233.1m258.3m277.8m307.6m

Gross profit

472.5m508.6m521.7m554.2m583.6m611.1m668.2m709.3m

Gross profit Margin, %

72%72%72%72%71%70%71%70%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

2.5b961.4m3.0b

Accounts Receivable

467.3m582.4m1.0b

Prepaid Expenses

261.3m279.3m344.3m

Current Assets

4.1b3.7b5.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

1.8b1.1b1.3b1.3b2.0b1.5b2.1b2.1b

Accounts Receivable

382.3m415.0m407.5m499.2m540.3m668.8m675.5m669.2m

Prepaid Expenses

229.1m242.5m261.9m289.4m304.0m306.4m407.8m435.4m

Current Assets

3.8b3.5b3.7b3.6b4.0b3.0b4.3b4.3b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(147.9m)(81.9m)(267.0m)

Depreciation and Amortization

96.4m153.8m206.1m

Accounts Payable

3.7m32.3m(12.8m)

Cash From Operating Activities

1.0b1.1b1.0b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

(38.3m)(40.9m)(61.1m)(59.6m)133.3m(208.1m)(92.2m)(234.5m)

Depreciation and Amortization

32.5m71.3m111.6m44.0m92.4m145.6m58.0m122.9m

Accounts Payable

(800.0k)(11.2m)23.2m(2.5m)(17.3m)(22.8m)(17.7m)(23.6m)

Cash From Operating Activities

252.3m527.7m824.1m225.2m532.1m702.0m534.9m899.4m
USDFY, 2018

EV/EBIT

-138.1 x

EV/CFO

17.2 x

Revenue/Employee

425.0k

Debt/Equity

2 x

Debt/Assets

0.3 x

Financial Leverage

6 x

P/E Ratio

(123.1)
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Palo Alto Networks Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021

Billings

$2.86 b$758.5 m$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

Countries (Customers)

150150150150150150150150170170170

Customers to Date

54 k75 k80 k

Customers to Date (Network Security)

73 k78 k
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Palo Alto Networks Acquisitions / Subsidiaries

Company NameDateDeal Size
BridgecrewMarch 02, 2021$156 m
ExpanseNovember 11, 2020$800 m
The Crypsis GroupAugust 25, 2020$265 m
CloudGenixMarch 31, 2020$420 m
AporetoNovember 25, 2019$150 m
ZingBoxSeptember 04, 2019$75 m
PureSec Pty LtdMay 30, 2019
TwistlockMay 28, 2019$410 m
Cortex XSOARFebruary 19, 2019$560 m
Demisto (UK) LimitedFebruary 19, 2019$560 m
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Palo Alto Networks Revenue Breakdown

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Palo Alto Networks revenue breakdown by business segment: 31.2% from Product and 68.8% from Subscription and Support

Palo Alto Networks revenue breakdown by geographic segment: 12.2% from APAC, 68.3% from Americas and 19.5% from EMEA

Human Capital Metrics

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Palo Alto Networks Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

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

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Palo Alto Networks Online and Social Media Presence

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Palo Alto Networks Company Culture

  • Overall Culture

    B+

    75/100

  • CEO Rating

    B

    71/100

  • Compensation

    A-

    79/100

  • Diversity

    B+

    75/100

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Palo Alto Networks News and Updates

Palo Alto Networks Appoints Aparna Bawa to Its Board of Directors

SANTA CLARA, Calif. , May 14, 2021 / / -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced the appointment of Aparna Bawa to the company's board of directors.read more

Palo Alto Networks Named a Leader in Endpoint Security Report

SANTA CLARA, Calif., May 13, 2021 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced it has been named a Leader in The Forrester Wave™: Endpoint Security Software as a Service, Q2 2021 report. According to the Forrester report, "Palo Alto...

Frost & Sullivan Recognizes Palo Alto Networks as a Leader in the US Healthcare Cybersecurity Market

Palo Alto Networks, the global cybersecurity leader, is transforming the healthcare industry by enabling the organizations to improve patient and employee experience, protect patient data and improve regulatory compliance throughout the continuum of care SANTA CLARA, Calif., May 5, 2021...

Palo Alto Networks to Announce Fiscal Third Quarter 2021 Financial Results on Thursday, May 20, 2021

SANTA CLARA, Calif., May 4, 2021 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, announced today that it will release the financial results for its fiscal third quarter 2021, ended April 30, 2021, after U.S. markets close on Thursday, May 20, 2021. Palo...

DISH Selects Palo Alto Networks to Help Secure 5G Network

SANTA CLARA, Calif. and LITTLETON, Colo., April 5, 2021 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW) today announced that it has been selected by DISH Network Corporation (NASDAQ: DISH) to assist with securing the United States' first cloud-native, OpenRAN-based 5G wireless network....

Cradlepoint Technology Partnership With Palo Alto Networks to Deliver SASE to the Wireless WAN Edge

Cradlepoint NetCloud integration with Palo Alto Networks’ Prisma Access provides customers with best-in-class Secure Access Service Edge security for LTE and 5G Wireless WANs Cradlepoint NetCloud integration with Palo Alto Networks’ Prisma Access provides customers with best-in-class Secure Access S…
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Palo Alto Networks Blogs

What's on Cybersecurity Experts’ Minds: RSA Conference 2021

Greg Day discusses key trends at the upcoming RSA Conference 2021, including focus on ransomware attacks, vulnerability management and more. The post What's on Cybersecurity Experts’ Minds: RSA Conference 2021 appeared first on Palo Alto Networks Blog.

Palo Alto Networks Leads Efforts to Combat Ransomware

Palo Alto Networks is committed to combating ransomware with the Ransomware Task Force (RTF). The RTF recently shared key goals and recommendations. The post Palo Alto Networks Leads Efforts to Combat Ransomware appeared first on Palo Alto Networks Blog.

Palo Alto Networks Joins Global Coalition: India COVID-19 Relief

We are proud to join forces with a coalition coordinated by Pledge 1% to assist with India COVID-19 relief efforts. The post Palo Alto Networks Joins Global Coalition: India COVID-19 Relief appeared first on Palo Alto Networks Blog.

Cortex XDR Rides The Forrester Wave as a Leader

Palo Alto Networks is honored to be a Leader in “The Forrester Wave™: Endpoint Security Software as a Service, Q2 2021,” for our Cortex XDR platform. The post Cortex XDR Rides The Forrester Wave as a Leader appeared first on Palo Alto Networks Blog.

Real-world Examples Of Emerging DNS Attacks and How We Must Adapt

DNS attacks are evolving. See real-world examples of how threat actors are using DNS and learn what it takes to stop them. The post Real-world Examples Of Emerging DNS Attacks and How We Must Adapt appeared first on Palo Alto Networks Blog.

A Secure 5G: US Cyber Center of Excellence Selects Palo Alto Networks

We are honored to announce our selection as a technology partner in the National Cybersecurity Center of Excellence (NCCoE) 5G Cybersecurity Project. The post A Secure 5G: US Cyber Center of Excellence Selects Palo Alto Networks 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, Amit Singh and Lee Klarich.

  • How many employees does Palo Alto Networks have?

    Palo Alto Networks has 9,038 employees.

  • What is Palo Alto Networks revenue?

    Latest Palo Alto Networks annual revenue is $3.4 b.

  • What is Palo Alto Networks revenue per employee?

    Latest Palo Alto Networks revenue per employee is $377.1 k.

  • Who are Palo Alto Networks competitors?

    Competitors of Palo Alto Networks include Zscaler, Infoblox and Forcepoint.

  • 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 52 other locations.

  • How many offices does Palo Alto Networks have?

    Palo Alto Networks has 56 offices.