A Quick Look at Palo Alto Networks Palo Alto Networks (NASDAQ: PANW) has long been a heavyweight in the cybersecurity space. With rising global threats and increasing enterprise demand for secure cloud infrastructure, the company has seen steady growth in both revenue and market cap. As of early 2025, PANW boasts a market valuation of over $120 billion, driven by strong fundamentals and consistent earnings beats. panw stock split: Timeline, Details, and Market Impact When Did the Splits Happen? PANW has completed two stock splits in recent years: September 14, 2022 – 3-for-1 stock split December 16, 2024 – 2-for-1 stock split2 These splits were designed to make shares more accessible to a broader investor base. Before the most recent split, PANW was trading at around $393 per share. After the 2-for-1 split, the price adjusted to approximately $202.50. Why It Matters Stock splits don’t change a company’s valuation, but they can: Improve liquidity Attract retail investors Signal confidence from management In PANW’s case, the split followed a strong earnings report and a raised revenue forecast for fiscal 2025, which now stands between $9.14 billion and $9.19 billion. What Investors Should Know Post-Split Accessibility and Trading Volume Lower share prices often lead to increased trading activity. PANW’s split-adjusted shares saw a noticeable uptick in volume in the weeks following the December 2024 split. This suggests growing interest from individual investors who may have previously been priced out.