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Palo Alto Networks Inc. (PANW) Targets $15B in Recurring Revenue
Yahoo Finance· 2025-09-13 13:53
Core Insights - Palo Alto Networks Inc. aims to achieve $15 billion in annual recurring revenue (ARR) by 2029 and 2030, driven by a strong cybersecurity landscape [1][2] - The company is enhancing its artificial intelligence (AI) security portfolio to capitalize on emerging opportunities, including integrating AI capabilities into existing products and developing an AI discovery product [2][3] - The acquisition of CyberArk has expanded Palo Alto Networks' customer base to 8 million endpoints, which is expected to support the company's ARR target and contribute to its goal of becoming a $100 billion entity [3] Company Offerings - Palo Alto Networks provides AI-powered, integrated cybersecurity solutions that include network security, cloud security, and security operations [4] - Their product offerings encompass hardware and software firewalls, cloud-based security services, AI-driven threat detection and response tools, and security management platforms [4]