| Invested through |
|
|---|---|
| Asset Classes | Listed equity |
| Impact strategy | Impact Equities and Bonds |
| Bloomberg ticker | PANW US |
| ISIN code | US6974351057 |
| Industry group | Software & Services |
| Aligned with SDGs |
Palo Alto Networks provides network security solutions. Its cybersecurity platforms and services help secure enterprise users, networks, clouds, and endpoints by delivering comprehensive cybersecurity backed by industry leading artificial intelligence and automation. The company's two business segments are Product and Subscription & Support, with the subscription offering accounting for about three quarters of revenue and growing. Palo Alto serves customers worldwide, with the majority of revenue derived in the Americas. The company was incorporated in 2005 and is headquartered in Santa Clara, United States.
Investment rationale
As users want to work from anywhere, anytime and across any device and app, traditional cybersecurity products such as firewalls don't offer sufficient protection to complex hybrid multi-cloud corporate networks and cyber attackers are taking advantage of this larger attack surface. This has led to an increase in the frequency and societal costs of cyber incidents. Palo Alto Networks offers software, hardware and related services to medium and large entities in a variety of industries such as education, financial services, government entities, healthcare and communications.
Palo Alto distinguishes itself through its innovation in threat intelligence and automation, which is recognized by independent industry analysts (e.g. Gartner and Forrester) as leading. Compared to its peers, the company is also a frontrunner in delivering the majority of it solutions in the cloud, which has benefits related to energy and resource savings when compared to on-premise IT infrastructure.