Palo Alto Networks $PANW

Information Technology · Systems Software · NASDAQ

$375.04
-21.99 (-5.54%)
As of Oct 15, 2026, 12:53 AM EDT
Price history
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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Aug 18, 2026, the first target we tracked for PANW.

Palo Alto Networks (PANW) is trading down at $375.04 (-5.54%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.

Analyst price targets on PANW

Current price targets from 12 firms average $408, median $413, ranging from $346 to $475 — the average is 9% above the current $375. Each is tracked to its date and scored the same way a member's call is.

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Palo Alto Networks revenue & net income history (FY2017–FY2026)

RevenueNet incomeNet margin (right axis, %)
$11.5B$5.49B−$498.9MFY2017 revenue: $1.76BFY2017 net income: −$203.0M · Net margin −11.5%'17FY2018 revenue: $2.27BFY2018 net income: −$122.2M · Net margin −5.4%'18FY2019 revenue: $2.90BFY2019 net income: −$81.9M · Net margin −2.8%'19FY2020 revenue: $3.41BFY2020 net income: −$267.0M · Net margin −7.8%'20FY2021 revenue: $4.26BFY2021 net income: −$498.9M · Net margin −11.7%'21FY2022 revenue: $5.50BFY2022 net income: −$267.0M · Net margin −4.9%'22FY2023 revenue: $6.89BFY2023 net income: $439.7M · Net margin 6.4%'23FY2024 revenue: $8.03BFY2024 net income: $2.58B · Net margin 32.1%'24FY2025 revenue: $9.22BFY2025 net income: $1.13B · Net margin 12.3%'25FY2026 revenue: $11.5BFY2026 net income: $307.0M · Net margin 2.7%'260%20%40%60%80%FY2017 net margin: −11.5% (off the scale, which stops at −3.5%)FY2018 net margin: −5.4% (off the scale, which stops at −3.5%)FY2019 net margin: −2.8%FY2020 net margin: −7.8% (off the scale, which stops at −3.5%)FY2021 net margin: −11.7% (off the scale, which stops at −3.5%)FY2022 net margin: −4.9% (off the scale, which stops at −3.5%)FY2023 net margin: 6.4%FY2024 net margin: 32.1%FY2025 net margin: 12.3%FY2026 net margin: 2.7%
Palo Alto Networks annual financial statements
FY2017Jul 2017FY2018Jul 2018FY2019Jul 2019FY2020Jul 2020FY2021Jul 2021FY2022Jul 2022FY2023Jul 2023FY2024Jul 2024FY2025Jul 2025FY2026Jul 2026
Income statement
Revenue$1.76B$2.27B$2.90B$3.41B$4.26B$5.50B$6.89B$8.03B$9.22B$11.5B
Growth (year over year)+27.8%+29.1%+27.5%+17.5%+24.9%+29.3%+25.3%+16.5%+14.9%+24.5%
Gross profit$1.28B$1.63B$2.09B$2.41B$2.98B$3.78B$4.98B$5.97B$6.77B$8.08B
Gross margin72.6%71.6%72.1%70.7%70.0%68.8%72.3%74.3%73.4%70.4%
Operating income−$165.8M−$104.2M−$54.1M−$179.0M−$304.1M−$188.8M$387.3M$684.0M$1.24B$695.0M
Operating margin−9.4%−4.6%−1.9%−5.3%−7.1%−3.4%5.6%8.5%13.5%6.1%
Net income−$203.0M−$122.2M−$81.9M−$267.0M−$498.9M−$267.0M$439.7M$2.58B$1.13B$307.0M
Net margin−11.5%−5.4%−2.8%−7.8%−11.7%−4.9%6.4%32.1%12.3%2.7%
EPS (diluted)−$0.06−$0.04−$0.14−$0.46−$0.86−$0.45$0.64$3.64$1.60$0.40
Balance sheet
Cash and equivalents$744.3M$2.51B$961.4M$2.96B$1.87B$2.12B$1.14B$1.53B$2.27B$2.51B
Total assets$3.44B$5.95B$6.59B$9.07B$10.2B$12.3B$14.5B$20.0B$23.6B$48.5B
Total liabilities$2.51B$4.79B$5.01B$7.96B$9.48B$12.0B$12.8B$14.8B$15.8B$21.0B
Long-term debt$524.7M$1.92B$1.43B$3.08B$3.23B$3.68B$1.99B———
Shareholders' equity$759.6M$1.16B$1.59B$1.10B$634.5M$210.0M$1.75B$5.17B$7.82B$27.5B
Cash flow
Operating cash flow$868.8M$1.04B$1.06B$1.04B$1.50B$1.98B$2.78B$3.26B$3.72B$4.55B
Capital expenditure$163.4M$112.0M$131.2M$214.4M$116.0M$192.8M$146.3M$157.0M$247.0M$440.0M
Free cash flow$705.4M$926.1M$924.4M$821.3M$1.39B$1.79B$2.63B$3.10B$3.47B$4.11B
Share buybacks$411.0M$259.1M$330.0M$1.20B$1.18B$892.3M$272.7M$567.0M$0$1.00B

From Palo Alto Networks's 10-K and 10-Q filings with the SEC; its fiscal year ends in July. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Palo Alto Networks

Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, 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. The company serves over 70,000 organizations in over 150 countries, including 85 of the Fortune 100. It is home to the Unit 42 threat research team and hosts the Ignite cybersecurity conference. It is a partner organization of the World Economic Forum.

Source: Wikipedia — Palo Alto Networks

Headquarters
Santa Clara, California From SEC filings, Oct 2026

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