Every AI wave needs a security layer. Palo Alto quietly became the operating system for enterprise defense.
AI-driven attacks are driving every CISO to consolidate on fewer platforms.
Cortex XSIAM is the fastest-growing security product in company history.
Recurring revenue mix north of 80% with expanding operating margins.
PANW is the security backbone every AI CIO ends up buying.
Consolidation cycle eventually slows once big customers finish rebadging.