Palo Alto Networks Is Worth Nearly $300 Billion. A Year Ago It Was Worth About $113 Billion.

Palo Alto Networks reported fiscal Q3 revenue up 31% year over year to $3.0B, including $388M from the newly acquired CyberArk and Chronosphere. The strong top-line growth is a supportive signal for the company’s near-term fundamentals, though some of the acceleration is acquisition-driven.

Analysis

Palo Alto Networks reported fiscal Q3 revenue up 31% year over year to $3.0B, including $388M from the newly acquired CyberArk and Chronosphere. The strong top-line growth is a supportive signal for the company’s near-term fundamentals, though some of the acceleration is acquisition-driven.