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Palo Alto Networks Boosts Shareholders’ Wealth

Palo Alto Networks Boosts Shareholders’ Wealth

Palo Alto Networks (PANW) has continued to boost investors’ wealth with its regular share repurchase program, supported by the company’s strong free cash flow and low leverage. The graph above compares Palo Alto Networks’ and security service provider Fortinet’s share repurchase trends in the last three years, during which Palo Alto and Fortinet have bought back shares worth $617 million, at an average of ~$205 million per year.