Updates: PANW 4Q23 (Audio)

Summary

• Not a great quarter, but not a bad one neither. PANW continues to execute and support the underlying long-term thesis.
• Wall Street got a little excited about the presentation accompanying the 4Q23 results; however, there was little revealed for those investors that have been following PANW closely.
• PANW looks a bit soft in hardware but is offsetting this with solid momentum in SASE, cloud, SecOps, and software firewalls.
• At the current price PANW is not a buy for new investors, but probably a hold for long-term investors. With OT security, GenAI, and XSIAM, there are many possible upside surprises in the coming quarters.

Given our regular written coverage on PANW, including the regular updates, along with the opinion that there hasn't been many new insights emerge from the latest ER, we have decided to publish an audio for the 4Q23 update instead.

Click the link below to access and listen to Simon's thoughts on PANW's latest quarter.