Palo Alto From Gate to Graph: The $28B Test of Cybersecurity's Control Plane

"PANW (earnings update): Security evolved from perimeter to distributed control planes. PANW's $28B bet coordinates 4 platforms (SASE, Firewalls, XSIAM, CyberArk) against CrowdStrike's unified single-agent approach. At $185 (50x P/E, 14% growth), market assumes perfect execution with only 17% upside but significant downside from integration complexity. Bull case $270-300 (25%), base $205-225 (50%), bear $135-160 (25%)."

Related Stocks