Core Insights - Palo Alto Networks, Inc. (NASDAQ:PANW) is recognized as one of the 12 Best Long Term US Stocks to Buy Now [1] - JPMorgan reinstated coverage of Palo Alto Networks with an Overweight rating and a price target of $235, highlighting its comprehensive security platform and long-term growth potential [2] - The company reported fiscal Q1 2026 results with a revenue increase of 16% year over year to $2.47 billion, exceeding management's guidance [3] Financial Performance - Service revenue rose 14% to just over $2 billion, while Product revenue increased by 23% to $343 million [3] - Annual recurring revenue (ARR) from next-generation security offerings grew by 29% to $5.85 billion, with SASE ARR rising 34% to over $1.3 billion and customer base expanding by 18% to over 6,800 [5] Strategic Initiatives - The company is bundling its security tools into three core platforms, closing 16 new platform deals during the quarter [4] - A partnership with IBM was established for a Quantum-Safe Readiness offering, aimed at helping enterprises assess quantum risks and enhance security [4]