PANW
You’ve read what changed. Here’s whether the market is confirming it.
Market read
PANW accounts for 12.7% of the group's measured movement across 2.6 effective names. raw member direction is mixed; 4 of 6 session-normalized paths align to the downside. Capital-flow agreement is 0%, so confirmation is not yet clean. No verified headline preceded the measured group move.
CHKP moved materially before PANW. PANW crossed its material path threshold at 09:30 ET. FTNT, CGNT, VIA followed.
5 of 6 members in Software Companies are active. 3 of 8 disclosed connections are confirming.
Invalidation: The live read weakens if participation falls to 2 of 6 members or fewer.
Research brief
PANW accounts for 12.7% of the group's measured movement across 2.6 effective names. raw member direction is mixed; 4 of 6 session-normalized paths align to the downside. Capital-flow agreement is 0%, so confirmation is not yet clean. No verified headline preceded the measured group move.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Year Ended July 31, Year Ended July 31, 2026 2025 Change 2025 2024 Change Amount Amount Amount % Amount Amount Amount % (dollars in millions) Cost of product revenue $ 568 $ 413 $ 155 38 % $ 413 $ 348 $ 65 19 % Cost of product revenue increased for fiscal 202…”10-K · Sep 10, 2026 ↗
“Three Months Ended April 30, Nine Months Ended April 30, 2026 2025 Change 2026 2025 Change Amount Amount Amount % Amount Amount Amount % (dollars in millions) Research and development $ 734 $ 494 $ 240 49 % $ 1,773 $ 1,480 $ 293 20 % Research and development…”10-Q · Jun 3, 2026 ↗
“The increase in general and administrative expense for the nine months ended April 30, 2026 was also driven by a partial release of litigation-related accrual of $40 million during the nine months ended April 30, 2025.”10-Q · Jun 3, 2026 ↗
“The increase was primarily due to growth of our business as reflected by increases in collections during the nine months ended April 30, 2026, partially offset by higher cash expenditure to support our business growth.”10-Q · Jun 3, 2026 ↗
Valuation discipline
Price/sales 26.4× · EV/sales 26.1×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for PANW. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
Jodie has not yet found a suitable current-versus-prior filing comparison for PANW. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“Our main competitors fall into four categories: • large companies that incorporate security features in their products, such as Cisco Systems, Inc.”
“Our main competitors fall into four categories: • large companies that incorporate security features in their products, such as Cisco Systems, Inc.”
Depended on by
“We compete with large and small public companies, such as CrowdStrike, Palo Alto Networks, Rapid7, and Tenable Holdings, as well as privately held security providers including Invicti, Tanium, and Wiz (which has announced a pending acquisition by Google).”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 34 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
PANW is currently a Follower in the organic co-movement group Software Companies. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.