Verified peer comparison

PANW vs FTNT

Palo Alto Networks, Inc. compared with Fortinet, Inc.. This page compares both source-verified company profiles and does not introduce an unverified price target.

PANW

Palo Alto Networks, Inc.

$189.43

Open: --
High: --
Low: --
Market Cap: --

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FTNT

Fortinet, Inc.

$189.43

Open: --
High: --
Low: --
Market Cap: --

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Company-specific comparison

Business exposure

PANW: Cybersecurity Software

FTNT: Cybersecurity Software

Upside lens

PANW: Customers consolidating network, cloud and security-operations tools can expand multi-platform adoption. Enterprise AI deployment creates new needs for model, data, application and runtime protection. Subscription and support relationships provide renewal and cross-selling opportunities across the installed base.

FTNT: Aging appliances and higher throughput needs can support replacement demand for FortiGate systems. Customers combining networking and cloud-delivered security can expand Fortinet's subscription opportunity. Custom security processors and an integrated operating system can support performance and platform economics.

Risk lens

PANW: Commercial incentives and product transitions can defer billings or fail to produce expected lifetime value. Cloud vendors, specialists and bundled products can pressure pricing and customer retention. A breach, outage or product vulnerability could create liability and damage trust in the platform.

FTNT: Cloud-native vendors and large security platforms can pressure pricing and product differentiation. Appliance refresh timing and channel inventory can create uneven product revenue. Security flaws or delayed patches could expose customers and damage trust in the platform.

Verified sources

Palo Alto Networks Reports Fiscal Third Quarter 2026 Financial ResultsPalo Alto Networks, Inc. · earningsVerified