New York, February 16, 2026, 13:52 EST — Market closed
- Palo Alto Networks wrapped up Friday at $166.95, climbing 2.5%.
- Options markets are bracing for an 8.3% swing tied to Tuesday’s earnings report.
- With earnings coming up, CyberArk integration remains a backdrop, as does scrutiny tied to China.
With U.S. markets closed for Presidents Day, traders haven’t waited to flag a big range for Palo Alto Networks, Inc. (PANW) as its earnings approach on Tuesday. Options are pricing in a swing of 8.3%. The stock wrapped up Friday at $166.95, gaining 2.5%. (Barchart, Investing.com)
Why now: Palo Alto is reporting during a week cut short by the holiday, which will also see major inflation and growth numbers, as well as fresh signals from the Federal Reserve. Investors are watching this stock—one of several heavyweight tech names reporting—as a gauge for risk appetite after markets stumbled out of the gate in 2026. (Investopedia)
Palo Alto just sealed a deal to bring CyberArk into the fold, shifting its focus. The company now stretches beyond network and cloud security, pushing further into identity security — a space where clients are grappling with AI-powered automation and how machines access systems.
“Expected move” from Barchart relies on near-term options prices, reflecting what traders shell out for protection in either direction. With the stock at $166.95, that 8.3% implied swing sets a range of about $153 to $181 when the results drop.
On paper, analyst positioning appears solid. Barchart data puts 50 analysts in the “Strong Buy” camp, while the consensus sees diluted earnings-per-share at around 49 cents for the quarter—about 14% higher than a year ago.
Palo Alto is set to report its fiscal second-quarter numbers after markets shut on Tuesday, Feb. 17. (PR Newswire)
The CyberArk acquisition wrapped up on Feb. 11, with the company now eyeing a secondary listing in Tel Aviv under the ticker “CYBR.” CEO Nikesh Arora touted the move, calling it “the end of ‘identity silos’” for their customers. (Palo Alto Networks)
Palo Alto, for its part, told Reuters there’s no date yet for the Tel Aviv listing, describing the step as recognition of CyberArk’s Israeli heritage. On the other hand, Israeli peer Check Point Software said it’s sticking with just a Nasdaq listing. (Reuters)
Geopolitical concerns haven’t gone anywhere for investors. According to Reuters, Palo Alto stopped short of directly linking China to a hacking campaign it discovered, following Beijing’s ban on software from several foreign security firms. SentinelOne’s Tom Hegel called the campaign “part of a broader pattern of global campaigns linked to China.” (Reuters)
Palo Alto goes up against CrowdStrike and Fortinet, but lately, it’s been doubling down on getting current clients to pick up additional tools and consolidate vendors. Investors are keen for any signal of drawn-out buying cycles or delays in customers rolling out its platform.
But there’s risk in both directions here. A cautious outlook from Palo Alto, surprise integration costs tied to CyberArk, or tougher conditions abroad could send the stock sharply up or down — the very swings the options market is trying to price out.
Markets are back at it Tuesday. Palo Alto is set to report earnings after the close. Eyes then snap to the bigger economic schedule: PCE inflation data and the Fed’s meeting minutes later this week—potential catalysts for the next software and cyber move.
