Palo Alto Networks Files 8-K on Financials and Operations
Ticker: PANW · Form: 8-K · Filed: Aug 19, 2024 · CIK: 1327567
| Field | Detail |
|---|---|
| Company | Palo Alto Networks Inc (PANW) |
| Form Type | 8-K |
| Filed Date | Aug 19, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $500.0 million, $3.6 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-condition, operations, filing
Related Tickers: PANW
TL;DR
PANW filed an 8-K on 8/19 detailing financials and other events.
AI Summary
Palo Alto Networks, Inc. filed an 8-K on August 19, 2024, to report on its results of operations and financial condition, as well as other events. The filing also includes financial statements and exhibits. The company is incorporated in Delaware and its principal executive office is located at 3000 Tannery Way, Santa Clara, California.
Why It Matters
This filing provides crucial updates on Palo Alto Networks' financial performance and operational events, which can influence investor decisions and market perception.
Risk Assessment
Risk Level: low — This is a routine filing reporting on financial condition and operations, not indicating any immediate or unusual risks.
Key Players & Entities
- Palo Alto Networks, Inc. (company) — Registrant
- August 19, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 3000 Tannery Way, Santa Clara, California 95054 (address) — Principal executive office
FAQ
What is the primary purpose of this 8-K filing for Palo Alto Networks?
The primary purpose is to report on the company's results of operations and financial condition, as well as other events, and to include financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported was on August 19, 2024.
In which state is Palo Alto Networks, Inc. incorporated?
Palo Alto Networks, Inc. is incorporated in Delaware.
What is the address of Palo Alto Networks' principal executive office?
The address of Palo Alto Networks' principal executive office is 3000 Tannery Way, Santa Clara, California 95054.
What is the telephone number for Palo Alto Networks, Inc.?
The telephone number for Palo Alto Networks, Inc. is (408) 753-4000.
Filing Stats: 696 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-08-19 16:08:17
Key Financial Figures
- $0.0001 — ange on which registered Common stock, $0.0001 par value per share PANW The Nasdaq Sto
- $500.0 million — d the repurchase of up to an additional $500.0 million of the Company's common stock. This aut
- $3.6 billion — rization is an increase to the existing $3.6 billion repurchase authorization, which was ori
Filing Documents
- panw-20240819.htm (8-K) — 25KB
- ex991q424earningsrelease.htm (EX-99.1) — 201KB
- 0001327567-24-000023.txt ( ) — 364KB
- panw-20240819.xsd (EX-101.SCH) — 2KB
- panw-20240819_lab.xml (EX-101.LAB) — 21KB
- panw-20240819_pre.xml (EX-101.PRE) — 12KB
- panw-20240819_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On August 19, 2024, Palo Alto Networks, Inc. (the "Company") issued a press release announcing its financial results for its fourth quarter and fiscal year ended July 31, 2024. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The information contained in this Item 2.02 and in the accompanying Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
01 Other Events
Item 8.01 Other Events. On August 15, 2024, the Board of Directors of the Company approved the repurchase of up to an additional $500.0 million of the Company's common stock. This authorization is an increase to the existing $3.6 billion repurchase authorization, which was originally approved by the Company's Board of Directors in February 2019 and extended in December 2020, August 2021, August 2022, and November 2023, of which approximately $500.0 million remained available as of July 31, 2024. The authorization allows the Company to repurchase shares of its common stock opportunistically and will be funded from available working capital. Repurchases may be made at management's discretion from time to time in open market purchases, privately negotiated transactions, block purchase techniques, 10b5-1 trading plans, or a combination of the foregoing. The repurchase authorization period has been extended and will expire on December 31, 2025 and may be suspended or discontinued by the Company at any time without prior notice. The Company had approximately 325.1 million shares of common stock outstanding as of July 31, 2024.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 99.1 Press release dated as of August 19, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PALO ALTO NETWORKS, INC. By: /s/ N IKESH A RORA Nikesh Arora Chairman and Chief Executive Officer Date: August 19, 2024