Palo Alto Networks Is Worth Nearly $300 Billion. A Year Ago It Was Worth About $113 Billion.
What happens when a company's value nearly triples while its sales grow a sixth as fast?
Overview
A year ago, cybersecurity company Palo Alto Networks (NASDAQ: PANW) carried a market value of about $113 billion. As of this writing, it stands near $295 billion. That's a gain of more than 150% in 12 months, leaving shares within about 4% of their 52-week high. The climb spans the whole year, with the stock's 52-week range running from $139.57 to $376.98.
A move like that usually means the business transformed. And Palo Alto's business has changed. It bought identity-security company CyberArk and observability company Chronosphere, and management says demand for securing artificial intelligence (AI) deployments is accelerating its bookings.
Details
But revenue was guided to grow about 24% in fiscal 2026, a year that ended July 31 -- and a decent chunk of that growth was acquired. The company's market value grew about six times faster.
Source
Originally published at www.fool.com.