Palo Alto Networks, Inc. is an American network security company based in Santa Clara, California. The company’s core products are advanced firewalls designed to provide network security, visibility and granular control of network activity based on application, user, and content identification. Palo Alto Networks competes in the UTM and network security industry against Cisco, Fortinet, Check Point, Juniper Networks and Cyberoam among others.
What does Palo Alto Networks do?
Palo Alto Networks platforms aim to bring together all key network security functions, including advanced threat protection, firewall, IDS/IPS, and URL filtering. Because these functions are natively built into the platform and share important information across the respective disciplines, we ensure better security than legacy firewalls, UTMs, or point threat detection products.
Palo Alto Networks makes its money from: firewall mostly.
Palo Alto Networks Inc.’s revenue jumped in the latest quarter, but the growth was its slowest pace as a public company and the cybersecurity company projected the deceleration would continue this quarter. At the same time, a sharp increase in stock-based compensation and other expenses continued to weigh on results, widening the company’s quarterly loss.
Palo Alto Networks customers are take longer to make purchasing decisions around security, specially the larger companies that Palo Alto Networks targets. The Santa Clara, Calif.-based company makes its money from a mix of products, such as firewalls, along with add-on services, including subscriptions and support and maintenance.
Other vendors, including Fortinet, have cited seeing similar longer sales cycles in security impacting their sales.
Palo Alto Networks products
Palo Alto Networks enterprise security platforms are available in both hardware and virtualized form factors, featuring the same next-generation firewall features set for consistency and ease of management. In addition, Panorama, their centralized management platform is also available in both virtualized and hardware form factors.
Palo Alto Networks CFO said Palo Alto Networks continues to see growth in its subscription services business, which accounted for 59 percent of the company’s sales in the quarter and also highlighted growth in Palo Alto Networks’ endpoint security offering, Traps, which he said added 600 new, paying customers in the 3rd quarter of 2016. Traps also saw a major updating during the quarter, as well as earned certification as an antivirus replacement.