InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$342.00

2026-10-16

Market Cap

$279.8B

Volume

8.8M

52-Wk High

$432.33

52-Wk Low

$139.57

Trailing PE

743.5

P/S

24.37

Gross Margin

70.4%

Net Margin

2.7%

ROE

2%

ROIC

1%

Piotroski

4/9

Altman Z

8.3

1-Yr Return

+66.4%

5-Yr Return

+927.6%

Palo Alto Networks, Inc. is a global leader in providing advanced cybersecurity solutions. The company's core product line includes both hardware and software-based firewalls. It also offers Panorama, a sophisticated security management platform designed for centralized control of these firewall deployments, whether they are physical appliances, virtual instances, or situated in public or private cloud environments. Additionally, the firm provides virtual system upgrades to enhance the capacity of its physical firewall units. Complementing its core products, Palo Alto Networks delivers an extensive range of subscription services. These encompass robust threat prevention, protection against malware and advanced persistent threats, URL filtering, and security for both laptop and mobile devices. Further specialized subscriptions include DNS security, Internet of Things (IoT) security, SaaS security (via API and inline methods), threat intelligence, and data loss prevention. Beyond its product and subscription offerings, the company extends various expert services, such as cloud security, secure access solutions, security analytics and automation tools, and specialized cybersecurity consulting, often integrated with threat intelligence. Its professional services cover critical areas like architectural design and planning, system implementation, configuration, and seamless firewall migration. Educational resources, including certifications and both online and in-classroom training, are also available, alongside comprehensive support services. Palo Alto Networks distributes its security solutions both directly and through an extensive network of channel partners. Its diverse clientele primarily comprises medium to large-scale enterprises, service providers, and governmental organizations across a wide array of industries. These sectors include education, energy, financial services, healthcare, internet and media, manufacturing, the broader public sector, and telecommunications. Established in 2005, Palo Alto Networks maintains its corporate headquarters in Santa Clara, California.

SectorTechnologyIndustrySoftware - InfrastructureExchangeNASDAQMarket Cap$279.8BEmployees21,921 (SEC-filed)CEONikesh AroraIPO2012-07-20CountryUS

3000 Tannery Way, Santa Clara, CA 95054 · Tel 408 753 4000 · paloaltonetworks.com

INSIDERSTREET SCORE59 / 100Street mean $408.97 (36 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALTWO-WAY FLOW$10.0M buys against $53.2M sells / 6 mo

1 Year vs S&P 500 · PANW +66.4% · S&P 500 +15.9% · spread +50.5pp

7 Years vs S&P 500 · PANW +927.6% · S&P 500 +189.9% · spread +737.8pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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INSIDERSTREET
SCORE59of 100

Score Breakdown

Profitability	25/100
Growth	40/100
Momentum	70/100
Quality	62/100
Earnings Quality	51/100
Balance Sheet	72/100
Value	24/100
Risk (safety)	100/100
Overall	58.6/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
CRWD	73
ORCL	51
PLTR	86
FTNT	83
NET	42
SNPS	63
PANW	59

IS Score Trend — quarterly

16 quarters, 23 Q1 to 26 Q4. Peak 82 in 24 Q2, latest 59 — -23 since. Fell in 2 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY59 / 100IS Score 58.6 / 100 · -23.0 from peak of 82

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBEARISHTechnical Score 24 / 100 · Power -52 · 3 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

These two disagree — business quality 59, price structure 24 out of 100, so the business reads better than the price does. We publish the disagreement rather than resolving it: they answer different questions, and the gap between them is information, not an error.

Trigger	Where it stands now	What it would mean
IS Score reaches 75 and holds two consecutive quarters	now 58.6	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 66 → 72 → 60 → 59	the direction matters more than the level
Technical vote share back above 50%	now 27%	price structure no longer broken
Institutional holder count rises two quarters running	peak 2,932 → now 2,932	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score3 of 4top 4% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)6 buys2026-07-16

Insider Buys (180d)0none disclosed

ETF Funds (30d)1980 up / 1661 downnet +319 funds

Institutions Added (13F)452managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 2,932 · latest 2,932 (+0 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	2,932	675.0M	$226.2B	90.1%
2026 Q1	2,480	638.1M	$101.0B	85.2%
2025 Q4	2,540	573.0M	$103.6B	76.5%
2025 Q3	2,435	551.3M	$110.5B	73.6%
2025 Q2	2,383	524.9M	$105.9B	70.1%
2025 Q1	2,266	516.2M	$86.8B	68.9%
2024 Q4	2,300	511.6M	$92.1B	68.3%
2024 Q3	2,069	505.7M	$84.4B	67.5%
2024 Q2	2,014	496.5M	$83.4B	66.3%
2024 Q1	1,905	495.1M	$69.5B	66.1%
2023 Q4	1,849	518.6M	$75.9B	69.2%
2023 Q3	1,640	528.8M	$62.0B	70.6%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Arora Nikesh	director, Chief Executive Officer	2026-10-12	J-Other	500,000	—	2,093,369
Bawa Aparna	director	2026-10-09	SELL	170	$0.07M	4,507
Bawa Aparna	director	2026-10-09	SELL	80	$0.03M	4,427
Klarich Lee	director, EVP Chief Product & Tech Ofcr	2026-10-08	GIFT	60,000	—	555,070
Paul Josh D.	Chief Accounting Officer	2026-10-01	TAX W/H	1,308	$0.52M	78,387
Paul Josh D.	Chief Accounting Officer	2026-10-01	SELL	400	$0.16M	77,987
Klarich Lee	director, EVP Chief Product & Tech Ofcr	2026-09-30	GIFT	25,000	—	615,070
Golechha Dipak	EVP, Chief Financial Officer	2026-09-24	SELL	900	$0.35M	144,350

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	71	187,505	$53.2M	Counted
P — Open-market purchases	2	68,085	$10.0M	Counted
F — Tax withholding	7	9,159	$3.0M	None — compensation
G — Gifts	2	85,000	—	None

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalTwo-Way Flow

Open-Market Sells$53.2M71 txns / 6 mo

Open-Market Buys$10.0M2 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-10-13	Nikesh Arora	500,000	$201.4M
2026-10-09	Aparna Bawa	250	$0.1M
2026-10-08	Lee Klarich	60,000	$23.9M
2026-09-24	Aparna Bawa	750	$0.3M
Trailing 12 mo	37 filings	2,587,863	$656M

Filed	Form	Reporting person	% of class	Shares
2026-04-30	SCHEDULE 13G	Vanguard Capital Management	7.44%	60.8M sh
2025-10-30	SCHEDULE 13G/A	The Vanguard Group	9.75%	65.3M sh

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Member	Chamber	Trade	Size band	Traded	Disclosed
John McGuire	House	SELL	$1,001 - $15,000	2026-07-31	2026-08-11
John J. McGuire	House	SELL	$1,001 - $15,000	2026-07-31	2026-08-11
John J. McGuire	House	SELL	$1,001 - $15,000	2026-07-30	2026-08-11
John W. Hickenlooper	Senate	BUY	$100,001 - $250,000	2025-09-02	2025-10-06
John W. Hickenlooper	Senate	BUY	$100,001 - $250,000	2025-09-02	2025-10-06
John Wright Hickenlooper	Senate	BUY	$100,001 - $250,000	2025-09-02	2025-10-06

House 12-Mo40 trades28 purchases

Senate 12-Mo5 trades5 purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)2,480

13F Shares638M85.2% of shares out

New / Closed262 / 277positions, QoQ

Increased / Reduced1,279 / 746positions, QoQ

Put/Call (13F)0.82option positions

Free Float99.0%810M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Assenagon Asset Management S.A.	806,195	$320M
Td Waterhouse Canada Inc.	500,395	$198M
Wealth Enhancement Advisory Servic	358,423	$99M
Davenport & Co Llc	346,851	$137M
Mogy Joel R Investment Counsel Inc	305,649	$121M
Vontobel Holding Ltd.	256,372	$102M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.4%	$10.3B
VSMPX	0.4%	$10.3B
VTSAX	0.4%	$10.3B
VTI	0.4%	$10.3B
VFFSX	0.5%	$8.5B
VFINX	0.5%	$8.5B

13F Filers Holding PANW — quarterly

Institutional Put/Call — quarterly

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Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session41.0%2026-10-15

20-Day Avg45.5%50-day 48.8%

TrendFalling20d vs 50d

By Market CenterQ: 41% · N: 49% · B: 40%latest session

Weekly Notional ($B)

Where PANW Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Incr Intelligent Cross Llc	10.9M	57 sh
Ubsa Ubs Ats	9.8M	58 sh
Sgmt Sigma X2	7.2M	57 sh
Ebxl Level Ats	6.4M	43 sh
Mlix Instinct X	4.3M	70 sh
Mspl Ms Pool (Ats-4)	3.9M	144 sh

Where a dollar of Palo Alto Networks, Inc. revenue goes. All values FY2026 filings, live.

Region	Revenue	Share
Americas	$7.7B	67%
EMEA	$2.4B	21%
Asia Pacific	$1.4B	12%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

PANW (live moat model)Peer median: CRWD · ORCL · PLTR · FTNT · NET

Component scores from the live moat model. Peer median illustrative.

Moat score 41/100 — Weak; primary source Efficient Scale.

3.8 · Employees (SEC filings)

Officer	Title
Nikesh Arora	Chairman & Chief Executive Officer
William D. Jenkins Jr.	President
Dipak Golechha	Executive Vice President & Chief Financial Officer
Lee Klarich	Executive Vice President, Chief Product Officer, Chief Technology Officer & Director

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Quarterly EPS — Actual vs. Consensus

Beats (>2%)6 of 6recent quarters

Avg Surprise+6.1%

Next Report2026-11-18

Income Quality14.83OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

Profit Margins (%)

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY22	FY23	FY24	FY25	FY26
Revenue	+29.3%	+25.3%	+16.5%	+14.9%	+24.5%
Gross profit	+26.9%	+31.7%	+19.8%	+13.4%	+19.3%
Operating income	-37.9%	-305.1%	+76.6%	+81.7%	-44.1%
Net income	-46.5%	-264.7%	+486.2%	-56.0%	-72.9%

$B · FY ends	FY22	FY23	FY24	FY25	FY26
Revenue	5.5	6.9	8.0	9.2	11.5
Cost of revenue	1.7	1.9	2.1	2.5	3.4
Gross profit	3.8	5.0	6.0	6.8	8.1
R&D expense	1.4	1.6	1.8	2.0	2.6
SG&A expense	2.6	3.0	3.5	3.5	4.8
Operating income	-0.2	0.4	0.7	1.2	0.7
EBITDA	0.1	0.9	1.3	1.9	1.4
D&A	0.3	0.3	0.3	0.3	0.9
Pretax income	-0.2	0.6	1.0	1.6	0.5
Income tax	0.1	0.1	-1.6	0.5	0.2
Net income	-0.3	0.4	2.6	1.1	0.3
Diluted EPS ($)	-0.45	0.64	3.64	1.60	0.44
Diluted shares (M)	591	685	708	709	764

Operating CF$5B

CapEx$0B

Free cash flow$4B

SBC$2B

Buybacks$1B

Net cash change$0B

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet — Full

$B	FY23	FY24	FY25	FY26
Cash & equivalents	1.1	1.5	2.3	2.5
ST investments	1.3	1.0	0.6	0.6
Receivables (net)	2.9	3.3	3.7	4.2
Total current assets	6.0	6.8	7.1	8.6
PP&E (net)	0.6	0.7	0.7	1.2
Goodwill + intangibles	3.2	3.7	5.3	29.0
Total assets	14.5	20.0	23.6	48.5
Accounts payable	0.1	0.1	0.2	0.3
Short-term debt	2.0	1.0	0.0	0.0
Deferred revenue	4.7	5.5	6.3	7.7
Total current liabilities	7.7	7.7	8.0	9.9
Long-term debt	0.0	0.0	0.0	1.8
Total liabilities	12.8	14.8	15.8	21.0
Shareholders' equity	1.7	5.2	7.8	27.5

Cash Flow Statement — Full

$B	FY23	FY24	FY25	FY26
Net income	0.4	2.6	1.1	0.3
D&A	0.3	0.3	0.3	0.9
Stock-based compensation	1.1	1.1	1.3	1.8
Working capital change	0.6	0.9	0.9	0.6
Operating cash flow	2.8	3.3	3.7	4.6
Capital expenditures	(0.1)	(0.2)	(0.2)	(0.4)
Investing cash flow	(2.0)	(1.5)	(2.2)	(3.1)
Buybacks	(0.3)	(0.6)	0.0	(1.0)
Dividends paid	0.0	0.0	0.0	0.0
Debt issuance / (repay)	(1.7)	(1.0)	(1.0)	(0.2)
Financing cash flow	(1.7)	(1.3)	(0.8)	(1.2)
Free cash flow	2.6	3.1	3.5	4.1

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Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY22	FY23	FY24	FY25	FY26	TTM
PROFITABILITY
ROE	-54.8%	44.9%	74.5%	17.5%	1.7%	2%
ROA	-2.4%	3.3%	14.9%	5.2%	0.9%	0.6%
ROIC	-28.2%	18.5%	45.3%	16.8%	1.5%	1.0%
Gross margin	68.8%	72.3%	74.3%	73.4%	70.4%	70.4%
Operating margin	-3.4%	5.6%	8.5%	13.5%	6.1%	6.1%
Net margin	-4.9%	6.4%	32.1%	12.3%	2.7%	2.7%
EBITDA margin	1.7%	12.6%	15.9%	21.0%	12.1%	13.4%
FCF margin	32.6%	38.2%	38.6%	40.3%	35.8%	—
VALUATION
P/E	-209.54	201.53	44.59	108.52	825.79	743.5
P/B	266.41	50.68	22.23	15.73	9.22	9.3
P/S	10.17	12.86	14.32	13.35	22.08	24.37
P/FCF	31.22	33.68	37.06	33.12	61.64	68.0
EV/EBITDA	939.32	102.24	89.27	62.10	164.25	181.7
EV/Revenue	10.23	12.84	14.16	13.07	22.03	24.4
Earnings yield	-0.5%	0.5%	2.2%	0.9%	0.1%	0.12%
FCF yield	3.2%	3.0%	2.7%	3.0%	1.6%	1.47%

Ratio	FY22	FY23	FY24	FY25	FY26	TTM
LEVERAGE & SOLVENCY
Current ratio	0.77	0.78	0.89	0.89	0.87	0.87
Quick ratio	0.77	0.78	0.89	0.89	0.87	0.87
Debt / equity	18.82	1.30	0.26	0.04	0.09	0.09
Debt / assets	32.3%	15.7%	6.7%	1.4%	5.2%	5.2%
Net debt / EBITDA	5.32	-0.14	-0.97	-1.32	-0.37	-0.01
Interest coverage	-6.76	21.44	119.30	532.43	—	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY22	FY23	FY24	FY25	FY26	TTM
EFFICIENCY
Asset turnover	0.49	0.52	0.47	0.42	0.32	0.24
Receivables turnover	3.25	2.99	3.16	3.30	3.48	2.7
DSO (days)	112	122	116	111	105	134
DPO (days)	20	25	22	26	28	31
Cash conversion cycle	93	97	93	85	77	103
GROWTH (YoY)
Revenue growth	29.3%	25.3%	16.5%	14.9%	24.5%	—
Net income growth	46.5%	264.7%	486.2%	-56.0%	-72.9%	—
EPS growth	53.6%	256.2%	487.2%	-56.1%	-74.9%	—
FCF growth	29.2%	46.8%	17.8%	19.8%	10.7%	—
PER SHARE ($)
EPS (diluted, TTM)	-0.40	0.62	3.64	1.60	0.40	0.41
Book value / share	0.31	2.47	7.30	11.04	35.98	36.70
Revenue / share	8.18	9.72	11.34	13.01	15.03	15.33
FCF / share	2.66	3.71	4.38	5.24	5.38	5.49
Cash / share	5.40	3.37	3.64	4.09	4.02	4.10
SHAREHOLDER RETURN & SCORES
Buyback yield	1.6%	0.3%	0.5%	0.0%	0.4%	0.39%
Altman Z-Score	2.81	4.52	5.26	5.41	7.58	8.3
Piotroski F-Score	5	8	7	5	3	4/9
Beneish M-Score	-2.66	-2.87	-2.34	-2.78	-2.46	-2.46

Model	Score	Zone	Note
Piotroski F-Score	4 / 9	Middling
Altman Z-Score	8.3	Safe (>2.99)	Safe
Income quality	14.83	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.46	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.57
Interest burden	1.00
Operating margin	4.7%
Asset turnover	0.32×
Financial leverage	2.04×
= ROE	2%

Growth Quality (live)	Value
Revenue stability	0.98
Earnings stability	0.25
Earnings persistence	0.50
Revenue CAGR 3y	18.5%
EPS CAGR 3y	-13.5%
FCF CAGR 3y	16.1%

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Buyback Yield0.39%

Dividend Yield0.00%none paid

Total Shareholder Return0.34%cash yield

SBC / Revenue12.2%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
CRWD	$232.8B	6459.9	1%	0.4%	+24.3%	7/9	+88.6%
ORCL	$387.7B	19.8	42%	24.6%	+21.6%	6/9	-58.5%
PLTR	$428.0B	147.6	38%	54.9%	+78.9%	8/9	+4.4%
FTNT	$124.1B	59.1	117%	29.6%	+18.8%	7/9	+103.4%
NET	$105.4B	-507.8	-14%	-24.4%	+33.5%	4/9	—
SNPS	$87.1B	78.9	4%	22.0%	+46.4%	5/9	—
SQ	$51.7B	-53.5	-4%	1.3%	+5.1%	6/9	—
TWLO	$37.5B	32.5	13%	71.2%	+17.8%	6/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

89 Analysts

Str Sell (0)Sell (2)Hold (23)Buy (64)Str Buy (0)

Mean Target (qtr)$408.9736 targets

Target vs. Price+19.6%last-quarter mean

Next Report2026-11-18street $0.97

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$11.42B	$11.43B / $11.08B	$3.78	$3.81 / $3.76	29
FY2027	$14.17B	$14.27B / $14.14B	$4.19	$4.25 / $4.16	30
FY2028	$16.19B	$16.94B / $15.52B	$4.86	$5.51 / $4.64	17

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$450.00	+31.6%	4
Last Quarter	$408.97	+19.6%	36
Last Year	$320.22	-6.4%	115
All Time	$293.39	-14.2%	265

Rolling mean of published targets vs. last close $342.00. Aggregated from StreetInsider, Benzinga, Pulse 2.0.

Third-Party Composite Rating

C+

DCF

3/5

ROE

2/5

ROA

2/5

Debt/Eq

3/5

P/E

1/5

P/B

1/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

PANW +66.4% vs S&P 500 +15.9% — spread +50.5pp

Sector — XLK +29.0%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$390.96	-48.96	-12.52%	Below
SMA 50	$373.27	-31.27	-8.38%	Below
SMA 200	$260.68	+81.32	+31.20%	Above
EMA 9	$381.58	-39.58	-10.37%	Below
EMA 21	$384.12	-42.12	-10.97%	Below
EMA 50	$369.82	-27.82	-7.52%	Below
EMA 200	$291.59	+50.41	+17.29%	Above

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBEARISHPower Score -523 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%22

Momentum 25%9

Volume 20%31

Volatility 10%33

Patterns 15%38

This Week27% bullishof 11 price-based votes

4 Weeks Ago91%-64 pts since

12 Weeks Ago45%-18 pts since

ReadStabilizingweek-over-week trajectory

Price vs SMA 20$390.96

Price vs SMA 50$373.27

Price vs SMA 200$260.68

EMA 9/21 Cross381.6/384.1

SMA 50/200Golden

ADX DirectionADX 18

Supertrend$416

Parabolic SAR$423

SMA Slope-1.080

RSI37.0

Stochastic K/D9/23

StochRSI K/D-0/2

Williams %R-97

CCI-177

TSI vs Signal3.2

CMO-26.1

ROC-15.19%

OBV SignalDistrib

Chaikin MF0.050

MFI42

Force Index-54M

Elder Ray Bull-8.41

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 23

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$368.00 / $374.32 / $378.37	S1 / S2	$363.95 / $357.63
Bollinger (20,2)	$354.78 – $427.15	Squeeze	Off
52-wk range	$139.57 – $432.33	Off 52-wk high	-20.9%
ATR (14)	$19.01 (5.6%)	Historical vol	55.7%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+5.2%Jan64%

+4.4%Feb64%

-0.3%Mar50%

+1.4%Apr54%

+3.1%May69%

+2.6%Jun54%

+2.7%Jul50%

+4.7%Aug64%

+0.2%Sep43%

-0.5%Oct57%

+5.6%Nov57%

+1.1%Dec57%

Sample: 14 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	PANW	S&P 500
Weekly volatility (σ, 1y)	7.36%	1.83%
Best / worst week (1y)	+17.2% / -11.4%	—
Max drawdown (5y, monthly)	-42.4%	—
1-week VaR (95%)	-9.4%	—
Beta (5y)	0.91	1.00

PANW EQUITY WEATHER (LIVE)RAINY · -37

Trend-18

Momentum-65

Volume-22

Volatility-60

Breadth-17

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 768 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall-36.9-18.5 vs industry

Trend-18.4-1.1 vs industry

Momentum-65.1-44.9 vs industry

Volume-22.0-21.0 vs industry

Reading	PANW	Software - Infrastructure n=566	Technology n=6,969	All US symbols n=70,435
Overall	-36.9	-18.4	-20.7	-20.5
Trend	-18.4	-17.3	-20.8	-21.3
Momentum	-65.1	-20.2	-28.5	-15.8
Volume	-22.0	-1.0	+0.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Nikesh Arora Chief Executive Officer	$99.7M	96% equity+incentive
William “BJ” Jenkins President	$27.0M	97% equity+incentive
Lee Klarich Chief Product and Technology Off	$26.0M	97% equity+incentive
Dipak Golechha Chief Financial Officer	$25.5M	98% equity+incentive
Nir Zuk Founder Emeritus and Former Chief Te	$15.7M	96% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	47
Social	53
Governance	68
Composite ESG	56

Composite ESG Trend

Filed	8-K contents	Items
2026-09-01	Earnings Release; Exhibits	2.02,9.01
2026-08-21	Officer/Director Change; Bylaws Amendment; Exhibits	5.02,5.03,9.01
2026-06-02	Earnings Release; Exhibits	2.02,9.01
2026-04-13	Material Agreement; Financial Obligation; Exhibits	1.01,2.03,9.01
2026-03-23	Other Events	8.01
2026-03-11	Other Events; Financial Statements and Exhibits	8.01,9.01
2026-02-17	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01
2026-02-11	Entry into Material Definitive Agreement; Creation of Direct Financial	1.01,2.03,8.01,9.01

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2021 to 2026
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-11-16 to 2026-09-01
Analyst estimates	dim/forward_estimates	3 rows · 2026-07-31 to 2028-07-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	59 rows · 1987 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-09-24 to 2026-10-12
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	2 rows · 2025-10-30 to 2026-04-30
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

Palo Alto Networks, Inc. (PANW)

Palo Alto Networks, Inc. (PANW)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

Palo Alto Networks, Inc. (PANW)

Institutions holding — 12 quarters

Palo Alto Networks, Inc. (PANW)

Monthly Net Insider Flow (000 shares)

Signal Summary

Palo Alto Networks, Inc. (PANW)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding PANW — quarterly

Institutional Put/Call — quarterly

Palo Alto Networks, Inc. (PANW)

Where PANW Trades in the Dark

Palo Alto Networks, Inc. (PANW)

3.8 · Employees (SEC filings)

Palo Alto Networks, Inc. (PANW)

Palo Alto Networks, Inc. (PANW)

Palo Alto Networks, Inc. (PANW)

Balance Sheet — Full

Cash Flow Statement — Full

Palo Alto Networks, Inc. (PANW)

Palo Alto Networks, Inc. (PANW)

Palo Alto Networks, Inc. (PANW)

Palo Alto Networks, Inc. (PANW)

Street Price Target — Trajectory

Third-Party Composite Rating

Palo Alto Networks, Inc. (PANW)

Palo Alto Networks, Inc. (PANW)

Family Scores (site weights)

Palo Alto Networks, Inc. (PANW)

Palo Alto Networks, Inc. (PANW)

Palo Alto Networks, Inc. (PANW)