NASDAQ · PANW
Palo Alto Networks, Inc.
Technology · Software - Infrastructure
$403.24▲ 1.76% ($6.99)at close
After hours$404.00▲ 0.19%7:59 PM ET
Valuation
Revenue & margin DCF
Verdict: expensive. Price above all scenarios.
The price needs 45.3% revenue growth a year for 10 years. Our scenarios assume 10.9–18.8%.
That's 2.2× its past 4-year pace.
Value per share
Base case
$46.87
Price used $403.24 is 8.6× this
USD · TTM ending Jul 31, 2026 · Price Oct 2, 8:00 PM UTC
Revenue each value needs
Revenue today $11.5B. The price needs $481B by 2036. Base case: $46.8B. At its recent pace: $72.2B. Bear to Bull: $32.2B to $64.5B.
Revenue today $11.5B. The price needs $481B by 2036. Base case: $46.8B. At its recent pace: $72.2B. Bear to Bull: $32.2B to $64.5B.
Revenue in 2036
today $11.5B
+$434Bmore than the Base case · 10.3×
Value per share · Base case
$46.87
Price $403.24
8.6× this
- 10-yr revenue CAGR
- 15.1%
- Ending operating margin
- 6.1%
- Discount rate
- 10.2%
USD · TTM ending Jul 31, 2026 · Price Oct 2, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 92.66% over the last year. Revenue grew 24.49% in FY2026 versus FY2025. Operating margin moved from 13.48% to 6.05% (FY2026 versus FY2025). Free cash flow grew 18.54% in FY2026 versus FY2025.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (100th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 6.05% — continued expansion would be needed to justify the premium. Revenue growth of 24.49% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Return analysis
Company profile
Palo Alto Networks, Inc. is a global leader in providing advanced cybersecurity solutions.
Market multiples
Stock splits
Every 1 shares became 2
Every 1 shares became 3
Profitability & growth
Analyst consensus
64
Buy
23
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 18, 2026
Q1 FY27 · EPS est $0.97 · Revenue est $3.31B
View
Institutional Sentiment
Palo Alto Networks, Inc. · PANW
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.