Palo Alto Networks

Palo Alto Networks sells cybersecurity products and subscriptions for enterprises, service providers and government entities, and describes its portfolio as spanning Network, Cloud, Security Operations, AI and Identity. The company is headquartered in Santa Clara, California.^[1],[2]

Palo Alto Networks says it is trusted by more than 70,000 customers and says its platforms are powered by Unit 42 threat intelligence. Its chief financial officer credited strength in the Network & AI Security, Cortex and Idira platforms for the fiscal 2026 results.^[1],[3]

Palo Alto Networks built its original business on the firewall. Its 2012 IPO prospectus argued that organizations needed a next-generation platform that could safely enable applications, because legacy firewalls decide what traffic to pass by network port and protocol, a method known as stateful inspection.^[2]

Palo Alto Networks was incorporated in Delaware in March 2005 and commenced operations in April 2005, according to its IPO prospectus. The company is based in Santa Clara, California.^[2]

Palo Alto Networks reported that its end-customer base grew from approximately 1,800 at July 31, 2010 to more than 7,750 at April 30, 2012. Headcount rose from more than 200 to more than 400 employees between the end of fiscal 2010 and the end of fiscal 2011.^[2]

Palo Alto Networks priced its IPO at $42.00 a share for a total of $260,400,000 at the public price. Proceeds to the company, before expenses, were $183,084,337, and the underwriters expected to deliver shares on July 25, 2012.^[2]

Palo Alto Networks listed on the New York Stock Exchange under the symbol PANW at its IPO, with Morgan Stanley and Goldman Sachs listed first among the underwriters. By 2026 its SEC filings give the exchange as NASDAQ, still under PANW.^[2],[3]

Palo Alto Networks completed its acquisition of CyberArk on February 11, 2026, adding an identity security platform to its portfolio. CyberArk shareholders are entitled to receive $45.00 in cash and 2.2005 shares of Palo Alto Networks common stock for each CyberArk ordinary share.^[1]

Palo Alto Networks put the total equity value of the CyberArk deal at approximately $25 billion in investor slides dated July 30, 2025. The slides cited a 26% premium to CyberArk's unaffected 10-day average price as of July 25, 2025.^[4]

Palo Alto Networks said on the completion date that it intends a secondary listing on the Tel Aviv Stock Exchange under the ticker CYBR, while remaining listed as PANW on the NASDAQ Global Select Market. CyberArk's identity products continue to be sold as a standalone platform.^[1]

Palo Alto Networks also disclosed in its September 1, 2026 earnings release that it has acquired Console, which it describes as an AI-native platform for agentic workflows across enterprise operations. The release gives no purchase price.^[3]

Palo Alto Networks reported Next-Generation Security ARR of $9.10 billion at the end of fiscal 2026, up 63% year over year. Remaining performance obligations were $21.2 billion, up 34%.^[3]

Palo Alto Networks recorded a GAAP net loss of $282 million in the fourth quarter of fiscal 2026, against GAAP net income of $254 million a year earlier. Adjusted free cash flow margin for the full year was 38.4%.^[3]

Palo Alto Networks lists Nikesh Arora as chairman and chief executive officer and Dipak Golechha as chief financial officer in its September 1, 2026 earnings release. Matt Cohen is named as CEO of CyberArk in the February 2026 completion release.^[3],[1]

Palo Alto Networks' IPO prospectus named Nir Zuk as one of the company's founders, with the role of chief technology officer and a board seat since March 2005. It named Mark D. McLaughlin as chief executive officer, president and chairman in 2012. The 2026 releases opened here do not state Zuk's current role.^[2]