Palo Alto Networks jumps 12.2% on outlook

Palo Alto Networks shares rose 12.2% on 15 September 2026 after the cybersecurity firm issued new long-term financial guidance and detailed recent capital moves amid rising demand for artificial intelligence security.

The company introduced fiscal 2027 guidance expecting revenue between $14.10 billion and $14.20 billion, representing 23% to 24% growth. Palo Alto Networks also completed its $3.14 billion share repurchase program, which originally began in 2019, and filed a $2.74 billion ESOP-related shelf registration.

The capital updates come as the company shifted from a quarterly profit to a net loss under GAAP, despite generating higher overall revenue. Palo Alto Networks is seeking to capture expanding cybersecurity budgets through its Frontier AI Critical Defense Program and its participation in standards bodies such as the Verizon 6G Innovation Forum.

More cautious analyst projections have penciled in about $17.3 billion in revenue and near $2.1 billion in earnings by 2029, watching whether increased platform integration and research and development spending will continue to pressure profit margins.