Aug. 26 at 12:07 AM
Palo Alto Networks shares could move about 8.6% when the cybersecurity company reports earnings on Sept. 1 after the market close, according to options data compiled by Bloomberg. The stock has exceeded its options-implied move in four of its last eight earnings reports, highlighting the potential for elevated volatility around the results.
On June 2, options implied an 8.0% move, while the stock actually moved 7.6%. On Feb. 17, an implied 7.3% move was followed by an 8.2% decline. In November 2025, the stock fell 15.2% versus an implied 7.3% move, while in August 2025 it gained 8.7% against a 7.0% implied move.
Earlier reports also produced sharp reactions. In May 2025, shares fell 6.3% against an implied 7.0% move, while in August 2024 they surged 11.0% versus a 9.6% implied move. The latest options pricing indicates investors are bracing for another potentially sizable move.
$PANW