Turnover: 7 billion USD (2023)

Country: United States

Global cybersecurity specialist

News

Cybersecurity has its first $100 billion company on the stock market 19/01/2024

  • Palo Alto Networks is valued at over $100 billion
  • Competitor valuation: Crowdstrike ($66 billion), Fortinet ($46 billion), Check Point ($18 billion).
  • In 2023, Palo Alto Networks generated nearly $7 billion in revenues, of which $3.2 billion came from billing for its services.
  • Revenue forecast for 2024: $10 billion.
  • Founded in 2005, Palo Alto Networks employs 15,000 people and has over 85,000 customers in 150 countries.
  • Global spending on security and risk management is expected to grow by more than 14% in 2024 to $215 billion.
  • Since 2018, Palo Alto has spent over $4.5 billion on acquisitions.
  • In the last 5 years, Palo Alto has acquired 19 companies. Palo Alto Networks has a 3.5% market share in cybersecurity (presents itself as the market leader).
  • Palo Alto is considered one of Orange Cyberdefense's main partners.

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