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Palo Alto Networks

Overview
Activities
Financials

Palo Alto Networks (Nasdaq: PANW) is a multinational cybersecurity company headquartered in California. The core product is a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security. As of FY2022, the company had clients in over 180 countries, which includes almost all of Fortune 100 and a majority of the Global 2000 companies. Palo Alto generated revenue of USD 5.5 billion in FY2022 (year ended July 31). 

Palo Alto operates under three segments: Subscription, Support, and Product. Subscription (~46% of total revenue in FY2022) provides end-customers with the latest antivirus, intrusion, malware and data prevention, and cloud services. Support (~29%) focuses on ongoing security updates, upgrades, bug fixes, and repairs. Product (~25%) includes sales of appliances, primarily Palo Alto’s ML-powered Next-generation Firewall.

The Americas is Palo Alto’s largest market, accounting for ~65% of total revenue in FY2022, followed by Europe, Middle East, and Africa (~19%) and Asia-Pacific and Japan (~12%). For FY2023, Palo Alto expects revenue growth of ~25%–26% YoY in FY2023 (from 29.3% YoY in FY2022) and operating profit margin of ~21.5%–22.0% (from an operating loss of USD 188.8 million in FY2022). The company plans to reach net-zero emissions by 2030. 

HQ Location:
3000 Tannery Way Santa Clara CA USA
Founded year:
2005
Employees:
10,000+
Next-gen Cybersecurity
Next-gen Cybersecurity
Next-gen Email Security
Next-gen Email Security
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EDGE Insights

Cybersecurity (Q4 2023): Product unification a priority; funding and M&A activity shrink
Cybersecurity (Q3 2023): Funding rebounds, as big-ticket M&As make comeback
Leveling the playing field against business email compromise

Recent Updates

Product updates
May 3, 2024
Palo Alto launches Prisma SASE 3.0, extending protection to unmanaged devices
Next-gen Cybersecurity
Product updates
Nov 8, 2023
Palo Alto Networks announces AI-powered zero-trust solution
Next-gen Cybersecurity
M&A
Nov 6, 2023
Palo Alto confirms Talon and Dig acquisitions
Next-gen Cybersecurity
Product updates
Oct 19, 2023
Palo Alto updates Prisma Cloud for integrated cloud security
Next-gen Cybersecurity
M&A
Sep 26, 2023
Palo Alto set to acquire Dig Security in USD 300 million+ deal
Next-gen Cybersecurity
M&A
Sep 20, 2023
Palo Alto reportedly in talks to acquire Talon Cyber Security
Next-gen Cybersecurity
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