Stocks/Information Technology/Systems Software

Palo Alto NetworksPANW

Systems Software · Santa Clara, California · In the S&P 500

Solid businessPricier than peers

$365.87−3.86%After hours: $365.92 (+0.01%)At the close, 30 Oct · Prices from CNBC, may be delayed

▲ 68.5% over 1 year

Palo Alto Networks over 1 yearDaily close, $, to 30 Oct 2026

Source: Nasdaq daily closes

Market value$299B

Price to earnings718.7x

Forward P/E87.5x

Dividend yield–

Year to date+98.6%

One year+68.5%

Next earningsNot scheduled

SectorInformation Technology

52-week range (closes)

$141.67$419.91

The latest on Palo Alto Networks

Our stories first, then the headlines that could move it, newest first.

NewThu 29 Oct, 4:15 p.m.Why it moved

Fortinet (FTNT) Shares Plunge After It Cuts Its Service Revenue Forecast

NewFri 23 Oct, 4:15 p.m.Why it moved

Why CrowdStrike (CRWD) Stock Is Soaring Today

Quality and valuation

How Palo Alto Networks compares with other information technology stocks. A description, not a recommendation.

Stronger business ↑↓ Weaker business← Pricier · 253x24x · Cheaper →Stronger, pricierStronger, cheaperWeaker, pricierWeaker, cheaper

MSFT

CRWD

NOW

FTNT

TWLO

RBRK

PANW

Palo Alto Networks and 7 systems software peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: pricier than most

An average business among information technology companies, priced above most of them.

Palo Alto Networks trades at 87.5 times the next 12 months of expected earnings, against a median of 22.2x for the 99 information technology stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

Revenue grew faster than the sector median: +24.5% vs +20.6%
Keeps more of each sale (gross margin): 70.4% vs 61.5%
Less profitable (operating margin): 6.1% vs 17.0%
Turns more of its sales into cash: 35.8% vs 21.7%

PANW trades at 87.5x forward earnings, above the sector medianForward p/e, Systems Software peers

Source: CNBC quotes; Mostly Markets

At 717.4x earnings, PANW is pricier than its average since Sep 2024Price over the last 12 months of reported (GAAP) diluted EPS

P/EUsual range (±1 s.d.)

Source: Nasdaq prices; SEC filings

Financials

From Palo Alto Networks's SEC filings, through the quarter ending 31 Jul 2026. Hover or tap a bar for its value.

Revenue grew 34.5% from a year earlierQuarterly revenue, $bn, latest Q4 ’26

Source: SEC filings

Growth sped up to +34.5% last quarterRevenue growth, year on year, %

Source: SEC filings

Operating margin was 5.0% last quarterOperating income as a share of revenue, %

Source: SEC filings

Free cash flow was $4.1 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn

Source: SEC filings

Last 12 months	PANW	Sector median
Revenue growth	+24.5%	+20.6%
Gross margin	70.4%	61.5%
Operating margin	6.1%	17.0%
Free cash flow margin	35.8%	21.7%
Price to earnings	718.7x	33.1x

Similar companies

Systems Software, by market value.

Company	Price	Today	YTD	Value
MSFTMicrosoft	$521.91	−1.55%	+7.9%	$3.88T
CRWDCrowdStrike	$250.43	−4.10%	+113.7%	$256B
NOWServiceNow	$105.12	−4.15%	−31.4%	$109B
FTNTFortinet	$136.08	−2.17%	+71.4%	$99.84B
ZSZscaler	$237.83	−4.03%	+5.7%	$38.78B
TWLOTwilio	$205.03	−15.24%	+44.1%	$31.49B
RBRKRubrik	$124.15	−7.09%	+62.3%	$25.74B
GENGen Digital	$29.13	+3.30%	+7.1%	$17.44B