Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Palo Alto Networks is reportedly closing in on one of the cybersecurity industry's largest deals of the year with a potential acquisition of Israel-based CyberArk Software.</li><li>This move, expected to be finalized within days, could value CyberArk well above its current $20 billion market capitalization.</li><li>CyberArk, known for its strength in privileged access management and identity security, boasts over 10,000 customers globally and has been shifting towards a subscription-based model under CEO Matt Cohen.</li></ul>

Palo Alto Networks is reportedly closing in on one of the cybersecurity industry's largest deals of the year with a potential acquisition of Israel-based CyberArk Software.This move, expected to be finalized within days, could value CyberArk well above its current $20 billion market capitalization.CyberArk, known for its strength in privileged access management and identity security, boasts over 10,000 customers globally and has been shifting towards a subscription-based model under CEO Matt Cohen.

Palo Alto’s $20 Billion Cyber Grab: Here's What the CyberArk Deal Could Unlock!

<ul><li>Rumors are swirling around a potential acquisition that could significantly reshape the cybersecurity landscape.</li><li>SentinelOne, a company known for its autonomous endpoint protection platform, saw its shares surge after reports emerged suggesting that industry giant Palo Alto Networks (NASDAQ: PANW) might be in advanced talks to acquire it.</li><li>While neither company has confirmed the speculation, multiple Israeli media outlets have cited industry sources suggesting a potential deal value of around $7 billion.</li></ul>

Rumors are swirling around a potential acquisition that could significantly reshape the cybersecurity landscape.SentinelOne, a company known for its autonomous endpoint protection platform, saw its shares surge after reports emerged suggesting that industry giant Palo Alto Networks (NASDAQ: PANW) might be in advanced talks to acquire it.While neither company has confirmed the speculation, multiple Israeli media outlets have cited industry sources suggesting a potential deal value of around $7 billion.

Palo Alto Eyes SentinelOne: The $7 Billion Power Move That Could Reshape Cybersecurity!

<ul><li>Palo Alto Networks delivered a robust set of results for its fiscal third quarter of 2025 that highlight its ongoing strategic focus on platformization and innovation in cybersecurity.</li><li>The key takeaway from the earnings discussion is the firm's steady progression in expanding its footprint in next-generation security (NGS).</li><li>The NGS annual recurring revenue (ARR) surpassed the milestone of $5 billion, showing a 34% increase year-over-year, which illustrates the significant traction Palo Alto Networks is gaining in this evolving segment.</li></ul>

Palo Alto Networks delivered a robust set of results for its fiscal third quarter of 2025 that highlight its ongoing strategic focus on platformization and innovation in cybersecurity.The key takeaway from the earnings discussion is the firm's steady progression in expanding its footprint in next-generation security (NGS).The NGS annual recurring revenue (ARR) surpassed the milestone of $5 billion, showing a 34% increase year-over-year, which illustrates the significant traction Palo Alto Networks is gaining in this evolving segment.

Palo Alto Networks Just Scored a $90 Million Deal—Is XSIAM the Future of Cybersecurity?

External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

<ul><li>Palo Alto Networks (PANW) announced 3QFY25 (Jul year-end) results: total revenue was up 15.3% YoY to US$2.3bn, 1% ahead of Bloomberg consensus, and non-GAAP net income reached US$560.9mn, up 23% YoY and 3% better than consensus, driven by more optimized-than-expected sales and marketing and R&amp;D spend on enhanced scale effect.</li><li>AI-related ARR reached c.US$400mn in 3QFY25 and accounted for c. 8% of total ARR.</li><li>We remain positive that PANW is one of the key beneficiaries in the Gen-AI era as demand for security should grow sharply with an increasing scale in AI-related deployment. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Palo Alto Networks (PANW) announced 3QFY25 (Jul year-end) results: total revenue was up 15.3% YoY to US$2.3bn, 1% ahead of Bloomberg consensus, and non-GAAP net income reached US$560.9mn, up 23% YoY and 3% better than consensus, driven by more optimized-than-expected sales and marketing and R&amp;D spend on enhanced scale effect.AI-related ARR reached c.US$400mn in 3QFY25 and accounted for c. 8% of total ARR.We remain positive that PANW is one of the key beneficiaries in the Gen-AI era as demand for security should grow sharply with an increasing scale in AI-related deployment. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Palo Alto Networks (PANW US) - AI-Related ARR Continues Ramping Up

<ul><li>Palo Alto Networks' performance in the second quarter of fiscal year 2025 highlights both ongoing strengths and emerging challenges intrinsic to its market position and operating landscape.</li><li>The company reported total revenue of $2.26 billion, marking a 14% year-over-year increase, outperforming its top-line expectations.</li><li>This growth was evenly distributed across multiple sectors, with particular strength in subscription services, which saw a 20% rise, underscoring the firm's robust service-driven revenue stream.</li></ul>

Palo Alto Networks' performance in the second quarter of fiscal year 2025 highlights both ongoing strengths and emerging challenges intrinsic to its market position and operating landscape.The company reported total revenue of $2.26 billion, marking a 14% year-over-year increase, outperforming its top-line expectations.This growth was evenly distributed across multiple sectors, with particular strength in subscription services, which saw a 20% rise, underscoring the firm's robust service-driven revenue stream.

Palo Alto Networks: Why Zero-Trust and Cloud Security Will Drive Massive Growth!

United States

Palo Alto Networks, Inc. provides network security solutions. The Company offers firewalls that identify and control applications, scan content to stop threats, prevent data leakage, integrated application, user, and content visibility. Palo Alto Networks serves customers worldwide.

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Palo Alto Networks (PANW US)

Palo Alto’s $20 Billion Cyber Grab: Here's What the CyberArk Deal Could Unlock!

Palo Alto Networks is reportedly closing in on one of the cybersecurity industry's largest deals of the year with a potential acquisition of...

Baptista Research

Palo Alto Eyes SentinelOne: The $7 Billion Power Move That Could Reshape Cybersecurity!

Rumors are swirling around a potential acquisition that could significantly reshape the cybersecurity landscape. SentinelOne, a company known for...

Baptista Research

Palo Alto Networks Just Scored a $90 Million Deal—Is XSIAM the Future of Cybersecurity?

Palo Alto Networks delivered a robust set of results for its fiscal third quarter of 2025 that highlight its ongoing strategic focus on...

Baptista Research

Palo Alto Networks: Why Zero-Trust and Cloud Security Will Drive Massive Growth!

Palo Alto Networks' performance in the second quarter of fiscal year 2025 highlights both ongoing strengths and emerging challenges intrinsic to...

Baptista Research

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Palo Alto’s $20 Billion Cyber Grab: Here's What the CyberArk Deal Could Unlock!

Palo Alto Networks is reportedly closing in on one of the cybersecurity industry's largest deals of the year with a potential acquisition of...

Baptista Research

Palo Alto Eyes SentinelOne: The $7 Billion Power Move That Could Reshape Cybersecurity!

Rumors are swirling around a potential acquisition that could significantly reshape the cybersecurity landscape. SentinelOne, a company known for...

Baptista Research

Palo Alto Networks Just Scored a $90 Million Deal—Is XSIAM the Future of Cybersecurity?

Palo Alto Networks delivered a robust set of results for its fiscal third quarter of 2025 that highlight its ongoing strategic focus on...

Baptista Research