Palo Alto Networks stock amplifies S&P 500 moves despite 0.49 correlation
PANW•Insight Guru analysis on Palo Alto Networks
- Insight Guru analysis flagged Palo Alto Networks as a high-beta cybersecurity play that amplifies S&P 500 moves despite only mid-level correlation.
- PANW gained 3.8% in the last five sessions versus a 0.5% rise in the S&P 500, underscoring outsized swings.
- Five-year correlation to the S&P 500 measured 0.49; annualized return was 37.1% versus 12.8% for the index.
- On S&P 500 up days over the past year, PANW captured about 176% of gains; on down days, it absorbed about 125% of losses.
- Network security generated about 70% of revenue; next-generation firewall bookings rose nearly 40% year over year in fiscal Q3 2026.
