Palo Alto Networks
- Revenue$4.3 BFY, 2021
- Market Capitalization$50.6 B2022-08-01
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.
| Type | Public | |
| Founded | 2005 | |
| HQ | Santa Clara, CA, US | Map |
| Website | paloaltonetworks.com | |
| Employee Ratings | ||
| Overall Culture | A+ | More |
Recent NewsAll News
- Palo Alto Networks stock is positioned for 'total platform domination,' says analyst
- Palo Alto Networks can surge 40% as it expands its next-gen security business, Wolfe Research says
- Palo Alto Networks Unit 42 Incident Response Report Reveals that Phishing and Software Vulnerabilities Cause Nearly 70% of Cyber Incidents
- Palo Alto Networks Named a Best Place to Work for Disability Inclusion
Key People/Management at Palo Alto Networks
Nikesh Arora
Chief Executive Officer and Chairman
BJ Jenkins
President
Nir Zuk
Founder and Chief Technology Officer
Lee Klarich
Chief Product Officer
Amit Singh
Chief Business Officer
Liane Hornsey
Chief People Officer
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
Palo Alto Networks Financials and Metrics
Palo Alto Networks Revenue
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
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 771.9m | 816.7m | 869.4m | 946.0m | 1.0b | 1.1b | 1.2b | 1.3b | 1.4b |
Cost of goods sold | 217.7m | 233.1m | 258.3m | 277.8m | 307.6m | 330.6m | 380.6m | 405.3m | 440.5m |
Gross profit | 554.2m | 583.6m | 611.1m | 668.2m | 709.3m | 743.3m | 866.8m | 911.6m | 946.2m |
Gross profit Margin, % | 72% | 71% | 70% | 71% | 70% | 69% | 69% | 69% | 68% |
Annual
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 1.3b | 2.0b | 1.5b | 2.1b | 2.1b | 1.9b | 2.3b | 1.9b | 2.4b |
Accounts Receivable | 499.2m | 540.3m | 668.8m | 675.5m | 669.2m | 766.8m | 812.1m | 952.2m | 1.2b |
Prepaid Expenses | 289.4m | 304.0m | 306.4m | 407.8m | 435.4m | 428.7m | 292.7m | 298.0m | 295.6m |
Current Assets | 3.6b | 4.0b | 3.0b | 4.3b | 4.3b | 4.1b | 4.8b | 4.9b | 5.7b |
Annual
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | (59.6m) | 133.3m | (208.1m) | (92.2m) | (234.5m) | (379.6m) | (103.6m) | (197.1m) | (270.3m) |
Depreciation and Amortization | 44.0m | 92.4m | 145.6m | 58.0m | 122.9m | 191.6m | 69.0m | 138.7m | 210.1m |
Accounts Payable | (2.5m) | (17.3m) | (22.8m) | (17.7m) | (23.6m) | 3.4m | 37.6m | 59.8m | 51.6m |
Cash From Operating Activities | 225.2m | 532.1m | 702.0m | 534.9m | 899.4m | 1.2b | 588.9m | 1.1b | 1.5b |
| USD | FY, 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) |
Palo Alto Networks Operating Metrics
| Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | FY, 2021 | Q1, 2022 | Q2, 2022 | Q3, 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) | 150 | 150 | 150 | 150 | 150 | 150 | 170 | 170 | 170 | 170 | 170 | 170 | 170 | 170 |
Customers to Date | 59 k | 62 k | 70 k | 73 k | 75 k | 80 k | 82 k | 85 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 Name | Date | Deal Size |
|---|---|---|
| Gamma Networks, Inc. | August 11, 2021 | $20.4 m |
| Bridgecrew | March 02, 2021 | $156.9 m |
| Sinefa | November 24, 2020 | $27 m |
| Expanse | November 15, 2020 | $797.2 m |
| The Crypsis Group | September 17, 2020 | $227.7 m |
| CloudGenix | April 21, 2020 | $402.7 m |
| Aporeto | December 23, 2019 | $144.1 m |
| ZingBox | September 20, 2019 | $66.4 m |
| Twistlock | July 09, 2019 | $378.1 m |
| PureSec Ltd | June 12, 2019 | $36.8 m |
Palo Alto Networks Revenue Breakdown
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
Palo Alto Networks Environment, Social & Governance (ESG) Ratings
Palo Alto Networks Online and Social Media Presence
118.84k Twitter followers
Palo Alto Networks has 118.84k Twitter Followers. The number of followers has increased 0.7% month over month and increased 1.1% quarter over quarter
Palo Alto Networks's Trends
Twitter Engagement Stats for @PaloAltoNtwks
16.6k
Tweets
455
Following
118.8k
Followers
57
Tweets last 30 days
5.4
Avg. likes per Tweet
100%
Tweets with engagement
Palo Alto Networks Company Culture
Overall Culture
A+
87/100
CEO Rating
A+
89/100
Compensation
A+
86/100
Diversity
A+
88/100
Palo Alto Networks News and Updates
August 01, 2022
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…
August 01, 2022
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.
July 26, 2022
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...
July 20, 2022
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...
July 11, 2022
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…
June 28, 2022
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…
Palo Alto Networks Blogs
June 24, 2022
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.
June 23, 2022
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.
June 22, 2022
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.
June 15, 2022
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.
June 14, 2022
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.
June 10, 2022
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.
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.
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