Analyst Coverage

Firm Analyst
Arete Research
Patrick Colville
Argus Research
Joseph Bonner
Saket Kalia
Battle Road Research
Ben Rose
BMO Capital Markets
Keith Bachman
BofA Merrill Lynch
Tal Liani
Joel Fishbein
Walter Pritchard
Cleveland Research
Ben Bollin
Cowen and Co.
Gregg Moskowitz
Credit Suisse
Brad Zelnick
Deutsche Bank Research
Karl Keirstead
Dougherty & Co.
Catharine Trebnick
Evercore ISI
Ken Talanian
FBN Securities
Shebly Seyrafi
First Analysis Securities
Howard Smith
Gabelli & Co.
Hendi Susanto
Goldman Sachs
Gabriela Borges
John DiFucci
JMP Securities
Erik Suppiger
Sterling Auty
KeyBanc Capital Markets
Rob Owens
Macquarie Capital (USA) Inc.
Sarah Hindlian
Maxim Group
Nehal Chokshi
Monness Crespi Hardt & Co.
Ryan Flanagan
Morgan Stanley
Keith Weiss
William Fitzsimmons
Northland Capital Markets
Robert Breza
Oppenheimer & Co.
Shaul Eyal
Piper Jaffray
Andrew Nowinski
Raymond James
Michael Turits
RBC Capital Markets
Matt Hedberg
Robert W. Baird & Co.
Jayson Noland
Rosenblatt Securities
Marshall Senk
Stephens Inc.
Jonathan Ruykhaver
Stifel Nicolaus & Co.
Gur Talpaz
Summit Redstone Partners
Srini Nandury
Susquehanna Financial Group
Anne M. Meisner
Fatima Boolani
Wells Fargo Securities
Philip Winslow
William Blair & Co.
Jonathan Ho

Palo Alto Networks, Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Palo Alto Networks, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Palo Alto Networks, Inc. or its management. Palo Alto Networks, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.