Palo Alto Networks Inc · Computer Peripheral Equipment, NEC

PANW

Low riskAI: AI softwareNext report: Around Nov 18 (est.)

View price ↗

The short version

A profitable company with growing sales. Institutions are adding.

Going well

Sales up 35% in the latest quarter vs a year ago
Profitable
Sales up 15% last year

Watch out for

Share count growing 33.9% a year (dilution)

Money moves

Insiders sold $261K in the last 30 days
Institutions added 6.7% to their holdings in the quarter ending June 2026 (1480 bought, 1240 sold)
Held by Stanley Druckenmiller (Duquesne)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$390.55+2.6% that day

Company value: $319.5B; Share price times all shares
Price vs sales: 27.8x; No profit over the last year, so this compares value with sales instead
Cash vs value: 1%; Cash as a share of company value

From PANW's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jul '26 (worked out from yearly totals)

$3.4B+34% vs a year earlier

Oct '23Tap a barJul '26

Last 12 months: $11.5B, up 24% from the 12 months before. Over 5 years, sales grew about 22% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of PANW. Starting points are the company's recent numbers.

Sales growth+24% a yearRecently: +24% a yearProfit margin3%Last 12 months: 2.7%P/E at the end15xMany steady companies trade at 12x to 25xShare count change+10% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$33.7B

Profit in 5 years$1.0B

Price these guesses point to$11.50-97% vs $390.55 todayAbout -51% a year, before dividends

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/6Mixed

MissReturn on equity 15%+Earns a lot on the money owners have in the business.14.4%
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.12.3%
MissProfitable every yearSteady profits, not one good year.3 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$3.7B
MissShare count not growingNot diluting owners. Falling means buybacks.+139.9% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.73.4%

Revenue: $9.2B; +14.9% vs prior year
5-year growth: +22.0%/yr; revenue, per year
Current ratio: 1.04x; short-term assets / bills due
Free cash flow: $3.7B; 40.3% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: debt under half of equity. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jul 31, 2026

Reported Sep 1

Revenue: $3.4B; +34.5% YoY
EPS: -$0.39; vs $0.36
Op. margin: 5.0%; -14.6 pts
Gross margin: 67.6%; -5.6 pts
Free cash flow: $1.3B
Share count: +22.3%; vs a year ago

Some values are worked out from year-to-date totals in the annual report.

Insider rating

Last 90 days

32Selling

1 insider sold $205K (not pre-planned)
Pre-planned sales of $10.9M (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 3
Normal week: 2.3
vs normal: 1.3x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+6.7%

Institutions added 6.7% to their holdings. 1480 bought, 1240 sold. 2 quarters of net buying in a row.

Shares held by institutions669.6M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+9.7%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.1x · $1.8B debt

Shares outstandingLatest reported

818M

Why low risk

Share count growing 9.7% a year

Earnings reports

Last 12

Next reportAround Nov 18 (est.)Estimated from the same quarter last year

Results filedSep 1
Results filedJun 2
Results filedFeb 17
Results filedNov 19, 2025
Results filedAug 18, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$11.1M3 insiders, 2 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Aparna BawaDirector	Sell	250	$412.28	$103K	4K	Oct 9Filing ↗
-5.3% of their holdings $410.00 to $417.13 across 2 trades Held See footnote Not a pre-planned sale Filed same day
Josh D. PaulChief Accounting Officer	Sell	400	$395.70	$158K	78K	Oct 1Filing ↗
-0.5% of their holdings Pre-planned sale (10b5-1) Filed 4 days after
Dipak GolechhaEVP, Chief Financial Officer	Sell	28K	$391.60	$10.8M	118K	Sep 24Filing ↗
-18.9% of their holdings $388.69 to $396.21 across 8 trades Pre-planned sale (10b5-1) Filed 4 days after
Aparna BawaDirector	Sell	260	$392.69	$102K	5K	Sep 24Filing ↗
-5.3% of their holdings Held See footnote Not a pre-planned sale Filed 4 days after