Palo Alto Networks is a US-based multinational cybersecurity company founded and based in the United States. It was founded in 2005 by Rajiv Batra, Nir Zuk, Yuming Mao, and Dave Stevens. The current CEO and Chairman of Palo Alto Networks are Nikesh Arora and have been serving the company since 2018. Nikesh is a former Google executive. Palo Alto Networks headquarters are located in Santa Clara, California.
The fields of expertise of Palo Alto Networks are network security, cybersecurity, and cloud computing. Currently, Palo Alto Networks is dealing with 70,000 organizations, and its operations are expanded in over 150 countries across the globe. It is a publicly-traded company, and its stock price as of November 2021 is $533.24, and its all-time high is $549.72.
In Forbes Digital 100, the company has secured 8th position in 2018. The Fortune ranking of Palo Alto Networks is 682. In 2021, it generated a revenue of $4.3 billion. In 2020, the net income of the company was around $299 million. As of 2020, the total assets of the company are worth around $9.06 billion.
|HQ:||3000 Tannery Way, Santa Clara, California, United States|
|Traded as:||Nasdaq: PANW|
|Industry:||Network security, Cybersecurity and Cloud Computing|
|Products:||PA 220, 4×0, 8×0, 32×0, 54×0, 70×0 firewall series and Prisma SAS|
|Area served:||World wide|
|Website:||www.paloaltonetworks.com / SEO Scores|
All Corporate Locations for Palo Alto Networks
How does Palo Alto Networks work?
Palo Alto Networks works in such a fashion that it provides network and cybersecurity services to other enterprises. Palo Alto Networks adopts a B2B business model. Meaning it does not deal with individual customers. It has over 80,000 enterprise customers. The company sells its products and services to other companies and firms, and in return, it takes compensation. In this way, both companies get what they need.
Using this business model, Palo Alto Networks made around $300 million in profit in 2020.
Where is Palo Alto Networks headquarters located?
The major Palo Alto Networks location (headquarters) is located in Santa Clara, California, United States. They have a total of 4 buildings in their headquarters with a total covered area of 630,000 square feet. Besides headquarters, they have 57 other corporate offices spread across 37 countries.
How do I contact Palo Alto Networks corporate?
You can contact Palo Alto Networks corporate by using their toll-free phone number. The contact number for each country is different, to speak with a sales representative, please call 866.320.4788 or 408.753.4000.
Does Palo Alto Networks have chat support?
No, Palo Alto Networks does not have any chat support facility. However, you can contact their corporate office by using the relevant phone number given in the previous section.
Palo Alto Networks was co-founded by Nir Zuk who is an Israeli-American, in 2005. Nir Zuk was a former engineer of NetScreen Technologies and Check Point. He was also the developer of the first-ever intrusion prevention system and stateful inspection firewall. Nir Zuk explained a commonly faced problem of companies when he was asked about the motivation behind Palo Alto Networks.
The problem was that the employees of numerous companies were not able to access modern applications in a completely safe manner. The company’s mission is to protect our digital way of life.
Palo Alto Networks produced and introduced their very first product in 2007. It was an advanced enterprise firewall. The company called in “Next-Generation Firewall.” In 2009, Gartner, which is a research and consultation company, published an official document that explained what exactly a next-generation firewall (NGFW) is. Gartner defines it as a “Deep-packet inspection firewall that moves beyond port/protocol inspection.” Traditional and old-fashioned firewalls port numbers and protocols to block the audience.
In the case of NGFW, it does not need any port number or protocol as they are intelligent enough to make decisions regarding threat blockage. Gartner also added that this next-generation firewall does not only possess these qualities, but it also includes the qualities of traditional and intrusion prevention systems. It also includes fine-grained security polity enforcement and control of applications.
Magic Quadrant is a number of market research reports released by Gartner. From 2011, Gartner started listing Palo Alto Networks as a leading company based on its enterprise firewall. In 2019, the company was ranked as a leader on Magic Quadrant for the 8th consecutive year. Palo Alto Networks became a publicly-traded company in 2012. They collected around $260 million with the IPO. This IPO was the 4th largest tech IPO of 2012. The company was initially listed on New York Stock Exchange, but in October 2021, they relocated their listing to Nasdaq.
Cyber Threat Alliance was founded by Palo Alto Networks in 2014 in collaboration with McAfee, Symantec, and Fortinet. CTA was a non-profit organization founded for the sake of improving cybersecurity. CTA had 20 members by 2018, including Cisco, Juniper Networks, and Sophos.
Palo Alto Networks grew a lot by offering cybersecurity and cloud computing services to numerous companies. They also introduced a new service named Logging Service which permitted users to collect their data to machine learning algorithms on it and to filter out useful information from it. They also published an online platform named Application Framework in 2018. It is an open-cloud delivered platform. On this framework, developers can publish their security services as software as a service (SaaS).
Nikesh Arora also joined the company as CEO and chairman in 2018. Arora is one of the highest-paid CEOs in the United States. His forerunner became vice-chairman of the board of directors. The company has a handful of plans, including an, AI security platform (Cortex), K2-series, and a 5G next-generation firewall.
Palo Alto Networks Profile
It is a multinational network security and cloud computing service provider company founded in 2005 by Nir Zuk. The primary Palo Alto Networks location (headquarters) is also located in California, United States.
The company’s mission statement mentions that they are motivated to secure society. As they say, “Your Cybersecurity Partner, for today and tomorrow.”
Palo Alto Networks aims to protect the modern digital way of our life by providing exceptional networking and cybersecurity services and products.
They also aim for innovative and modern technology to reshape our destined future. In short, the company is inclined towards improving the internet lives of people with their security services.
Palo Alto Networks CEO and Key Executive Team
|Nikesh Arora||Chief Executive Officer and Chairman|
|Amit Singh||Chief Business Officer|
|Nir Zuk||Founder and Chief Technology Officer|
|Lee Klarich||Chief Product Officer|
|Source: investors.paloaltonetworks.com, paloaltonetworks.com, paloaltonetworks.com|
Five fun facts about Palo Alto Networks
1. Nir Zuk and IDF
Nir Zuk is a former employee of the Israel Defense Forces (IDF). He worked at the Electronic Intelligence Arm of IDF. He left the job in 1994 and, after that, started working in Check Point. Check Point was founded by his peer at IDF.
2. Share dilution
When Palo Alto Networks became a publicly-traded company, Nir Zuk diluted his 5% shareholdings to reward the early investors of the company. This was a strange tactic played by him. Normally, founders of tech companies keep at least a 25% stake in the company.
3. Best place to work
San Francisco Business Times ranked Palo Alto Networks as the “Best Place to Work” in Bay Area. The company’s presence in the Bay Area costs it a lot. It is also a reason for its large SBC expenses.
4. Palo Alto Networks will be acquired
There is a common rumor among investors that Palo Alto Networks will be acquired by International Business Machines (IBM).
5. Nir Zuk started at 35
Zuk has faced a lot of ups and downs in his life. At the age of 35, he faced a few distressing circumstances. At that point, he developed a next-generation firewall which was the main reason for the success of Palo Alto Networks.
Top 5 biggest Palo Alto Networks competitors or Alternative
Cisco is a multinational networking hardware company based in the United States. It was founded in 1984 in California. Cisco produces networking and telecommunication products and services.
It has been a part of the S&P 500 since 2009. It is also listed in Russel 1000 and Nasdaq 100 stock index. Last year, its revenue was $49.3 billion, and its net income was around $11.21 billion. This revenue made it rank on Fortune 500 at 63rd position.
CrowdStrike is another huge name in the American cybersecurity industry. The company was founded in 2011, and its headquarters are located in Sunnyvale, California, United States. Main services provided by them include IT and cloud security services.
CrowdStrike Holdings is a part of the Nasdaq 100 component. In 2021, its revenue lies at around $874 million, and its net profit is around $92 million.
Microsoft is an American technology company founded by Bill Gates and Paul Allen in 1975. Microsoft provides a very wide range of services and products, but they are the only competitor of Palo Alto Networks in cloud and cybersecurity services.
It is ranked 21st in Fortune 500. It is also a part of Big Tech of the United States. In 2021, their revenue is $161 billion, and their net income is $60.6 billion.
4. Akamai Technologies
Akamai is an American cybersecurity and internet service provider company headquartered in Cambridge, Massachusetts, United States. It was founded in 1998.
Their major services include cybersecurity, CDN, internet security, and cloud services. Last year, its revenue was $3.19 billion, out of which the company’s profit was $557 million. The Fortune ranking of Akamai in 2021 is 711th.
Cloudflare is an American cloud computing and internet services company. The company has headquarters located in San Francisco, California, and was founded in 2009. Major services of the company include VPN, edge computing, and streaming media.
Cloudflare is a part of the Russell 1000 component. In 2020, its revenue was around $431 million. Cloudflare made a profit of $119.4 million.
Is it a little too late to buy Palo Alto Networks stock?
It is never too late to invest in a company that has future growth potential. It is for sure that Palo Alto Networks can expand and grow a lot in the future. So, it is not late to buy Palo Alto Networks stock. However, one thing which should be done here is to analyze its stock.
Therefore, in this section, we will be exploring and analyzing Palo Alto Networks stock.
As described in the previous part that Palo Alto Networks is a very reputed company in the market. It has 80,000 customers. This figure increases the credibility of the company. Without any doubt, it can be said that the company is very competitive, mature, well-reputed, and mature.
The perception of the common man is very important for the growth of stock, and in the case of Palo Alto Networks, people believe in their future.
Palo Alto Networks’ stock price as of November 2021 is around $533. It touched its all-time high on 22nd November, which was around $551. In the past six months, its all-time low was $362. It fell at the beginning of August 2021 and then again pumped in the last dates of August.
Pandaforecast.com predicts the price of Palo Alto Networks stock will reach an average of $570 in 2022. In 2023, it will face a decline, and its price may drop to $490, and again, in the last quarter of 2025, its price will elevate and may touch an average of $660.
Another prediction was made by gov. capital. According to them, it will jump to $670 in the last quarter of 2022. By 2023, it will touch $850.
Although, this price prediction does not look realistic; and you should consider it the best-case scenario.
According to wallstreetjournal.com, the stock of Palo Alto Networks got 30 buy ratings, three overweight ratings, three hold ratings, one sell rating, and 0 underweight ratings. This means that 30 investors are positive that the stock will outperform. These consensus ratings make this stock look like a profitable one. This stock will likely pump in the future.
Ratings also destroy the statement that “It’s too late to invest in Palo Alto Networks stock.”
We all are well-aware of the performance of the company in the past. They are the masters of innovation in networking and cybersecurity, and that is the reason why they are called leaders of this market. The company is about to launch several useful products and services in the market.
This will eventually increase their sales, and ultimately, the stock will grow. We can trust the company that its future is secure and prosperous.
All of the above-mentioned stats and reviews of several investors make it clear that investing in Palo Alto Networks would not be a bad decision. From every perspective, the company looks very profitable, and investing in it looks fruitful.
In our opinion, it is not late to invest in this company, and this investment will most likely be considered a witty choice.
When did Palo Alto Networks go public?
In 2012, Palo Alto Networks became a publicly-traded company. The company collected around $260 million from the IPO. Their IPO price was $37. The company was initially registered on NYSE, but later it was shifted to Nasdaq. Its stock symbol is PANW.
Does Palo Alto Networks pay dividends?
No, Palo Alto Networks, like other technology companies, does not pay any dividends because they dedicate all of their revenue for their future growth. So, the dividend amount as of 2021 is $0, and the dividend yield is also $0.
Who is the auditor of Palo Alto Networks?
Mark Gosling is Vice President of Internal Audit at Palo Alto Networks.
Is Palo Alto firewall stateful or stateless?
Palo Alto Firewall is a stateful firewall. Passing traffic is firstly matched against the session, and then it is matched against the security policy. It keeps an eye on the full state of connections of the network.
Is Palo Alto a good firewall?
As of 2021, there is no reason to doubt the capabilities of the Palo Alto Firewall. The advanced working methodology and modern technology make this firewall one of the best of this time. It can be said that it is the leading firewall in the market.
How many customers does Palo Alto Networks have?
Palo Alto Networks is considered one of the largest American cybersecurity companies. That is why it has a huge customer base. Around 80,000 enterprisers are using the services of Palo Alto Networks.
What is Palo Alto Prisma access?
Prisma access is a Secure Access Service Edge (SASE). SASE was built to elevate customer experience, to provide protection and security. It provides network security and networking services to organizations to achieve mobility.
In this article, we discussed Palo Alto Networks. It is one of the largest and most respected cybersecurity companies in the world. It does not have decades of experience but is performing very well.
Nikesh Arora, who is the current CEO and President of the company, has piles of amazing plans. Palo Alto Networks is going to beat its competitors with their coming projects. Lastly, we talked about its stock performance which also is commendable. In conclusion, we can say that its past accomplishments were great, and it still has a lot of potentials. So, in the future, it will be more prosperous.