Palo Alto Networks Adds $1 Billion to Buyback Authorization

By Elias Schisgall

Palo Alto Networks' board of directors approved a $1 billion boost to the cybersecurity company's stock buyback authorization.

The increase adds to the company's existing $4.1 billion buyback authorization, which had been fully used up as of last week, the company said in a Wednesday filing with the Securities and Exchange Commission.

Palo Alto most recently bought back $1 billion of its shares between Feb. 20 and Feb. 24 at an average price of $147.69 a share, the company said in the filing.

The repurchase authorization expires at the end of this year, the company said.

Write to Elias Schisgall at [e-mail]

(END) Dow Jones Newswires

03-11-26 1643ET