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What we know about this company
A dated company review is availablePalo Alto Networks, Inc.
Material update: the September 1 print is now in and supports durable platform demand, though the next schedule is not yet posted.
TickerYou is watching this company, but we are not currently recommending it. An earlier full review was positive 7/10, but that view is historical.
$330.65
last session
Price only · no current Idea
Important event in 88 days · Dec 9 · Date not confirmed
This came from an earlier review. It is useful background, not a current Idea.
Palo Alto Networks is the biggest cybersecurity company that only does cybersecurity. It sells software and appliances that protect corporate networks, cloud systems, security operations teams, and — after a $25 billion deal for CyberArk closed in February 2026 — the identities of humans, machines and AI agents. It sells almost entirely to large companies and governments through multi-year contracts. It makes real money: management expects about $11.4 billion of revenue this fiscal year, up roughly 24%, and turns about 40 cents of every dollar of revenue into cash the business keeps. The one thing that has to go right is that big companies keep consolidating security spending onto fewer vendors and pick Palo Alto as one of them — the growth in the fastest-growing part of the business (subscription security) says they are. The one thing that could go wrong is that the stock is priced for that to keep happening and Palo Alto just paid for CyberArk largely by printing new shares, so each existing shareholder owns about a quarter less of the company than they did a year ago.
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TickerYou is checking this company, but no active investment Idea is open.
That review was positive with 7/10 research strength. It is history, not a current Idea.
Read the newest company check below. New facts can update the research, but watching a company does not turn it into a recommendation.
Material update: the September 1 print is now in and supports durable platform demand, though the next schedule is not yet posted.
Material update: the September 1 print is now in and supports durable platform demand, though the next schedule is not yet posted. The 1y case remains positive but valuation-sensitive and integration-heavy after CyberArk and Console.
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Earlier company review · Record saved Aug 13, 2026 · check date unavailable. The original research wording and date checks stay available inside.
These events and risks came from an earlier company review. There is no current Idea.
An event can change what investors believe. A risk shows how our research could be wrong.
Watch for a company announcement or filing that confirms or moves this date.
Material update: the September 1 print is now in and supports durable platform demand, though the next schedule is not yet posted.
A company check updates what we know. It does not by itself turn this company into a current opportunity.
We rated 2 of 2 upcoming events. 0 are both likely and important.
The recorded date has passed.
The date is not clear enough to calculate nearness.
21 of 100 = chance 0.85 × effect 0.3 × date nearness 0.83.
Computed by TickerYou from 1254 completed daily closing sessions supplied by Yahoo Finance, through Sep 10, 2026. The Sep 11, 2026 quote-session candle was excluded because a delayed feed cannot prove it was final. No company fundamentals enter this reading.
Shorter and longer price trends point in different directions, so there is no clear trend.
Price movement can help with timing and can warn when the market disagrees with our Idea. It does not tell us what the business is worth.
Watch whether the close and the 50-session average ($349.97) move to the same side of the 200-session average ($235.19).
Last closing price
$338.49
Sep 10, 2026
Average price over 20 trading days
$356.52
Close is 5.1% below this average
Average price over 50 trading days
$349.97
Close is 3.3% below this average
Average price over 200 trading days
$235.19
Close is 43.9% above this average
Recent price speed
45.7 · balanced
A 14-day speed reading; lower than 30 is low and higher than 70 is high
Is the trend speeding up?
Below signal
Shows whether the shorter trend is pulling ahead of or behind the longer one
The moving averages are simple averages over exactly 20, 50, and 200 daily trading sessions. RSI uses Wilder's 14-session smoothing; a flat series is neutral at 50. MACD uses 12- and 26-session exponential averages with a 9-session signal. A window is never shortened when history is missing. Every comparison uses the final dated daily close—not an intraday quote—so all figures share one observation boundary. A candle dated to an active delayed-quote session is excluded because it may still be changing. These are trend and momentum references, not a Buy/Sell score.
We keep the original wording so readers can check the record. Any figures below belong to that older review and are not current guidance.
High-quality Tier-1 platform leader compounding cybersecurity ARR at 30%+, but the premium multiple and CyberArk dilution mean the price already assumes most of the good news. Attractive on drawdowns; fine to hold; poor place to chase.
Three checks use SEC filings alone. The net-buyback check requires matching stated filing and quote currencies, a compatible single-ticker SEC share-unit receipt, and a dated provider quote; its row explains any refusal. One dated deep-review judgement is marked researched; missing checks are excluded, never treated as zero.
A score requires both core checks — what the share count did and pay in stock versus revenue — plus at least one other established check. Missing core checks: what the share count did; pay in stock, vs revenue.
A company can grow while each shareholder owns a smaller slice. Share issuance and stock pay can offset part of the business gain.
Establish the missing core checks first; other unestablished checks: buybacks net of new stock sold; room left under the charter.
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could not be checked just now
neither side of the share ledger is tagged in this filer’s feed
The deep review’s dated judgement (published Aug 13, 2026; evidence cutoff unavailable): how much of a 1% ownership slice at that review could survive through its horizon.
could not be checked just now
review saved Aug 13, 2026 · check date unavailable
Insiders own low single-digit percent of the company (2025 proxy), so the reader is a passenger, not a partner with the founders. The share count just jumped roughly 23% in one year because PANW paid for CyberArk mostly in stock — every existing 1% became about 0.81%. Management runs a real buyback (the board added $1B in March 2026 on top of a $4.1B authorization and repurchased 6.8M shares near $148 in February), but buybacks at these prices barely dent the equity being handed to employees each year in stock pay. Net effect: over a one-year horizon your slice is likely still shrinking a bit, then stabilizing as the CyberArk lap ends and buybacks catch up.
A conditional model using SEC filings and a delayed-market quote from Yahoo Finance for the Sep 11, 2026 session. It is not a market forecast or analyst consensus.
The required growth rate cannot be established from compatible current inputs.
A high number means the company must grow quickly to justify today's price. A low number gives the business more room to disappoint.
Watch sales growth and operating profit. If either changes, this required-growth number can change too.
— what the price assumes could not be computed: revenue or operating income is not established in the SEC data.
The last deep review estimated 15–24% yearly growth. That is useful history, but there is no current Idea, so we do not compare it with today's price. review saved Aug 13, 2026 · check date unavailable.
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1Y
Every figure comes from an SEC filing and carries the day it was measured. Nothing here is estimated.
A year-over-year share-count conclusion is not established: could not be checked just now.
Without two comparable filed counts, the app cannot say whether existing owners gained or lost percentage ownership.
Watch for two comparable filing cover pages before interpreting dilution or ownership-slice change.
Total share count — not known yet
could not be checked just now
The request for this filer's cover-page share count did not reach the SEC — a rate limit, a server error, or a dropped connection on our side. That is a failure of ours and carries no information about the company: it is NOT evidence that the filer does not report the figure. The number is withheld rather than guessed, and returns on the next successful load.
No bar is drawn: with no total share count there is nothing to draw a proportion of.
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Complete SEC 13F filings only. These delayed reports show filed share amounts, not a manager’s full portfolio, intent, or a proven trade.
2 of 14 recent complete filings report ordinary shares. Compared with the prior report: 1 new positions, 1 with fewer shares, and 2 that no longer report it.
A large, repeated position can support a research story, but these filings arrive late and do not show an investor’s full portfolio or reason for owning the stock.
Look for the same investor to keep a meaningful position across several reports.
No numeric score or recommendation is made from these delayed filings. They are one piece of background evidence, not a buy or sell signal.
14 current complete filings of 16 tracked managers. 2 investors have only an older filing and are left out of this current view. Current holding dates span Mar 31, 2026 to Jun 30, 2026.
Not researched yet. Release dates, tranche sizes, the shares issued at IPO and the insider breakdown are prose in the prospectus and in 8-Ks, with no XBRL tag to read them from. They appear here once TickerYou research can quote the source clause behind each figure—never estimated in the meantime.
PANW is 0.76% of Duquesne Family Office's disclosed portfolio ($39.78 M). Holdings as of Jun 30, 2026. Reported in 1 consecutive quarter.
PANW is 0.06% of Citadel Advisors's disclosed portfolio ($511.23 M). Holdings as of Jun 30, 2026. Reported in all 2 quarters we can see.
Market-neutral / multi-strategy: Citadel often reports shares, calls, and puts at the same time. These rows show reported exposure, not a simple bullish or bearish bet.
Citadel Advisors (Ken Griffin) reports a CALL option ($1.23 B). The filing does not prove whether it is a bet or a hedge, so options never count as ordinary shares above.
Citadel Advisors (Ken Griffin) reports a PUT option ($1.14 B). The filing does not prove whether it is a bet or a hedge, so options never count as ordinary shares above.
1 newly or higher reported, 1 lower reported, 2 absent. Reported amounts only; corporate actions are not normalized.
Reported by 2 of 14 managers with a current filing; at least 0.5% of disclosed 13F value for 1.
Largest reported position: Duquesne Family Office (Stanley Druckenmiller) at 0.76% of disclosed 13F value ($39.78 M).
Across 6 quarters of stored filings: 6 newly or higher comparisons, 7 lower or absent, 0 unchanged, across 5 managers. Corporate actions are not normalized.
No numeric score is shown: filing comparisons are not adjusted for splits or other corporate actions, so reported changes cannot be treated as trades.
13Fs can arrive up to 45 days after quarter end. They omit short positions, cash, and securities outside the SEC's 13(f) list. Higher, lower, new, and absent describe filed share amounts, not proven purchases or sales; splits and other corporate actions are not normalized. This is context for a thesis, never a call by itself.
Each quarter is named by the fiscal quarter the company itself reported — the label its release used and its consensus estimate was quoted against — and by the month that quarter ended, taken from the filer's own XBRL period boundaries. A fiscal year need not follow the calendar, so Apple's Q2 runs January to March; naming the quarter end keeps that true in both calendars, and no quarter number is ever inferred from a date. Quarterly financials beside this card names the same quarter the same way. TickerYou takes the figures from the release and its filing; every word, sign and percentage is calculated by the app from those stored numbers. A post-release reaction appears only with the stored first-close measurement stamp; otherwise the card says the window is not established and computes no divergence. EPS here is on the basis consensus quotes — adjusted for most US names — so it can legitimately differ from the GAAP figure in Quarterly financials. Rows marked [backfilled] were confirmed from archived coverage after the fact — a lower evidence tier than live capture, and labelled so.
Q4 FY2026 · Jul 2026: EPS beat the stored consensus estimate, while revenue beat the stored consensus estimate. The first stamped post-release close moved down 9.4%.
A surprise shows how the release differed from expectations, not whether the business is good or the thesis is right. The price reaction shows repricing, not its cause.
Watch whether the next comparable release confirms the result; one beat or market move does not establish a durable trend.
Quarter ended Jul 31, 2026 · Reported Sep 1, 2026 · post-release reaction · strong · 4.5× typical · against the result
Quarter ended Apr 30, 2026 · Reported Jun 2, 2026 · stock move after results · not shown
[backfilled] Next-Gen Security ARR reached $8.1B (+60% YoY), organic RPO grew 22% ex-acquisitions, non-GAAP operating margin expanded YoY, and Q4 FY2026 guidance called for $0.96–$0.98 non-GAAP EPS on $3.09–$3.14B revenue.
Quarter ended Jan 31, 2026 · Reported Feb 17, 2026 · stock move after results · not shown
[backfilled] Non-GAAP EPS of $1.03 cleared the $0.94 consensus by 9 cents and revenue of $2.59B edged past estimates, but shares fell 5–7% after-hours as Q3 non-GAAP EPS guidance of $0.78–$0.80 fell well short of the $0.92 analyst consensus; NGS ARR grew 33% YoY to $6.3B and RPO grew 23% to $16.0B.
Quarter ended Oct 31, 2025 · Reported Nov 19, 2025 · stock move after results · not shown
[backfilled] Palo Alto Networks posted non-GAAP diluted EPS of $0.93 on $2.474B revenue, with NGS ARR surging 29% YoY to $5.85B and RPO expanding 24% to $15.5B; management raised its full-year NGS ARR target toward $20B on the strength of platformization momentum.
Quarter ended Jul 31, 2025 · Reported Aug 18, 2025 · stock move after results · not shown
Computed from SEC filings — never model output. Each quarter is named by the fiscal quarter the company itself reported and the month that quarter ended, through the same resolver the Earnings card beside this one uses; where no release established a fiscal label, the quarter is named by its end alone rather than by a quarter number guessed from the date. EPS is GAAP diluted, as filed, so it can legitimately differ from the adjusted figure in the Earnings card (consensus is quoted adjusted). Y/Y compares the same fiscal quarter a year earlier; a comparison that cannot be made honestly is an em-dash that says why.
Q4 FY2026 · Jul 2026: Net income fell 211.0% year over year.
Comparing the same fiscal quarter a year earlier controls for seasonality. Revenue direction and margin direction together show whether sales are translating into profit, but one quarter is evidence—not a complete thesis.
Watch for the next filing that supplies a same-quarter comparison rather than substituting an older period.
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PANW closed FY2026 with 34% revenue growth, 63% NGS ARR growth to $9.10B and 38.4% adjusted free-cash-flow margin, while FY2027 revenue guidance of $14.10B-$14.20B signals management still sees durable AI-security demand.
[backfilled] Non-GAAP EPS of $0.95 came in well above the $0.88 Zacks consensus on 16% revenue growth; NGS ARR expanded 32% YoY to $5.6B, non-GAAP operating margin reached 30.3%, and FY2026 guidance of $10.475–$10.525B revenue and $3.75–$3.85 non-GAAP EPS was issued ahead of street expectations.
| Q4 FY2026Quarter ended Jul 2026 |
|---|
| vs last year |
|---|
| Revenue | — | — |
| Profit after costs | $-282.00 M † | |
| Profit per share | -0.46 † | |
| Profit margin | — | — |
† derived: the fiscal year minus its three reported quarters — no 10-K reports a Q4 figure directly. For EPS this assumes per-share figures add across the year.
| Quarter | Revenue | Y/Y | Net income | Margin |
|---|---|---|---|---|
| Q3 FY2026 · Apr 2026 | — | — | $-177.00 M | — |
| Q2 FY2026 · Jan 2026 | — | — | $432.00 M | — |
| Q1 FY2026 · Oct 2025 | — | — | $334.00 M | — |
| Q4 FY2025 · Jul 2025 | — | — | $254.00 M † | — |
| Apr 2025 | — | — | $262.00 M | — |
| Jan 2025 | — | — | $267.00 M | — |
| Oct 2024 | — | — | $351.00 M | — |
| Jul 2024 | — | — | $358.10 M † | — |
Append-only company checks, newest evidence first. Evidence dates come from frozen research cutoffs; older rows without a cutoff are labelled by publication time instead. Multiple checks are preserved, never silently merged into one conclusion.
Material update: the September 1 print is now in and supports durable platform demand, though the next schedule is not yet posted. The 1y case remains positive but valuation-sensitive and integration-heavy after CyberArk and Console.
Checked Palo Alto Networks events page; after the September 1 Q4 call, no next earnings schedule was posted.
Checked Palo Alto Networks September 1 EDGAR 8-K for the latest results filing.
Checked Palo Alto Networks August 21 EDGAR 8-K for governance and compensation disclosure.
Checked Palo Alto Networks August 27 EDGAR Form 4 for insider ownership reporting.
Checked Palo Alto Networks August 25 EDGAR Form 144 for proposed insider sale notice.
Fundamental: Palo Alto reported Q4 revenue growth, NGS ARR growth, RPO growth and fiscal 2027 guidance, which directly update earnings power and the platform growth trajectory.
source ↗Fundamental but still early: the acquisition adds an AI-native agentic workflow asset intended to deepen Cortex, supporting competitive positioning while adding integration execution risk.
source ↗No material change since the 2026-08-28 prior sweep. The confirmed September 1 results release is the 3m proof point, while the 1y case still turns on platform ARR durability, CyberArk integration, NTT DATA-style channel conversion, and valuation discipline.
No material change since the newest prior sweep, but the NTT DATA alliance remains a useful incremental support to the 1y go-to-market case. The September 1 confirmed results release is the 3m proof point for platform ARR, CyberArk integration, and FY2027 guidance.
Evidence checked Aug 26, 2026 · 2 recorded assessments
No material change since the newest prior sweep at 2026-08-26T17:39:11.92+00:00. The September 1 confirmed results release remains the 3m event; the 1y case depends on platform ARR durability, CyberArk integration, and whether alliances like NTT DATA convert into real bookings.
Evidence checked Aug 24, 2026 · 2 recorded assessments
Incrementally constructive since the newest prior sweep: the confirmed September 1 earnings catalyst remains central, while the NTT DATA alliance adds credible distribution leverage for AI-security platformization over the 1y horizon.
Published Aug 19, 2026 · 2 recorded assessments
Platformization thesis heading into a confirmed Sept 1 catalyst: CyberArk (identity) and Chronosphere (observability, ~$3.35B) are now closed and expand the TAM, but they raise the bar on integration and dilute near-term margins. The FY26 print is the first clean read on NGS ARR, guidance, and deceleration fears. No SEC filing confirmable within the last month — filings left empty rather than invented. Constructive but catalyst-dependent.
Checked Palo Alto Networks September 1 issuer results release for last-five-day fundamental news.
Checked Palo Alto Networks September 1 Console acquisition release for last-five-day fundamental news.
2026-09-01 (company-confirmed) after U.S. market close for fiscal Q4 and fiscal year 2026 financial results release and earnings call timing were announced by Palo Alto Networks.
Checked Palo Alto Networks August 21 8-K directly on EDGAR for governance, compensation and bylaw disclosures.
Checked Palo Alto Networks August 25 Form 144 directly on EDGAR for recent insider-sale notice context.
2026-09-01 (company-confirmed) after U.S. market close for fiscal Q4 and fiscal year 2026 financial results release and earnings call timing were announced by Palo Alto Networks.
Checked Palo Alto Networks August 21 8-K directly on EDGAR for governance and bylaw disclosure.
Checked Palo Alto Networks IR SEC-filings page for August Form 4 and Form 144 activity.
Checked Palo Alto Networks and NTT DATA strategic-alliance announcement for go-to-market impact.
Fundamental because the alliance adds a global systems-integrator route to market for AI security, identity, Zero Trust, SASE, cloud resilience, and firewall modernization, with the companies targeting $1 billion in joint business by 2029.
source ↗2026-09-01 (company-confirmed) financial results release and earnings call timing were announced by Palo Alto Networks.
Checked Palo Alto Networks August 21 8-K directly on EDGAR for governance and bylaw disclosure.
Checked Palo Alto Networks IR SEC-filings page for August Form 144 and Form 4 activity.
Checked Palo Alto Networks and NTT DATA strategic-alliance announcement for go-to-market impact.
Fundamental because it expands PANW's enterprise go-to-market reach for AI security through a global systems integrator, with coordinated delivery, joint engineering, and more than 2,000 certified professionals.
source ↗No material thesis change since the 2026-08-24 prior sweep. The August 24-25 ownership filings are not fundamental; the September 1 confirmed results release remains the key 3m catalyst, while 1y upside depends on platform ARR growth and CyberArk integration.
2026-09-01 (company-confirmed) financial results release and earnings call timing were announced by Palo Alto Networks investor relations.
Checked Palo Alto Networks IR SEC-filings page for August Form 144 and Form 4 activity.
Checked Palo Alto Networks August 21 8-K directly on EDGAR for governance and bylaw event details.
Checked PANW confirmed fiscal Q4 earnings release date from company IR
Checked Palo Alto Networks August 21 8-K directly on EDGAR
Checked PANW recent strategic-alliance announcement for fundamental news
Fundamental because it expands PANW's go-to-market reach for AI security through a global systems integrator, with more than 2,000 certified professionals and a three-year joint-business target.
source ↗Incrementally constructive since the prior sweep: the confirmed Sept. 1 catalyst remains central, while the Frontier AI program adds competitive-position evidence but not yet quantified revenue impact.
Checked PANW confirmed fiscal Q4 earnings release date from company IR
Checked Palo Alto Networks August 21 8-K directly on SEC EDGAR
Checked PANW Frontier AI Critical Defense Program announcement as recent fundamental news
Fundamental because it expands PANW's AI-security positioning and partner ecosystem around virtual patching for critical infrastructure, potentially strengthening competitive differentiation in enterprise security.
source ↗Scheduling item, not fundamental itself, but the print is the near-term catalyst — first full look at the platform post-CyberArk and post-Chronosphere.
Materially expands the addressable market into identity security and observability and reshapes revenue mix; integration and cross-sell execution now drive the competitive position going into the FY26 print.
source ↗Platform consolidation thesis remains intact with strong AI security demand signaled at Black Hat, but the China cybersecurity probe is a live fundamental risk that could curtail an expansion market. September 1 full-year print is the near-term catalyst to watch.
A government-initiated probe into a cybersecurity vendor's products could restrict sales in China and signal escalating trade friction; shares fell up to 4.2% on the news before paring losses.
source ↗Renewed enterprise demand for AI-driven security tools supports the platform consolidation thesis and pricing power heading into full-year results.
source ↗