Palo Alto Networks, Inc. Reports Additional $1.0 Billion Stock Repurchase Authorization
Summary
On March 10, 2026, Palo Alto Networks, Inc.'s Board of Directors approved an additional $1.0 billion stock repurchase authorization. This increases the existing authorization, which had $0.0 million remaining as of March 6, 2026. The Company recently repurchased $1.0 billion of common stock, totaling approximately 6.8 million shares at an average price of $147.69 per share, between February 20 and February 24, 2026. The new authorization, funded from available working capital, expires on December 31, 2026.
Why It Matters
This additional $1.0 billion stock repurchase authorization signals the company's commitment to returning capital to shareholders and can positively impact earnings per share by reducing the number of outstanding shares.
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Filing Details
Reported Items
Additional Information
- CIK Number
- 0001327567
- Filing Date
- Wednesday, March 11, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- medium
- Sentiment
- positive