New York, February 16, 2026, 18:24 EST — Market closed.
- PANW last closed on Friday up 2.5% at $166.95.
- Options markets are pointing to an above-normal post-earnings move when Palo Alto reports on Feb. 17.
- Investors are watching big-deal momentum, margins and updates on the CyberArk integration.
Palo Alto Networks shares will be back in play on Tuesday after a U.S. market holiday, with investors bracing for a volatile reaction to the cybersecurity firm’s quarterly results due after the bell.
Options traders are pricing in a 9.04% move in either direction after the report, TipRanks data showed. Options are contracts that let investors bet on future swings; the “implied move” is the size of the move those contracts price in. Wall Street expects adjusted earnings of $0.94 a share — excluding some one-off items — on about $2.58 billion of revenue, and investors will listen for updates on large platform deals, cloud and AI-related security demand, and margins. (TipRanks)
The quarter also lands as Palo Alto digests its CyberArk deal. Palo Alto said last week it completed the acquisition and is already working on integration, while CyberArk’s identity-security products will continue as a standalone platform. Chairman and CEO Nikesh Arora said, “The emerging wave of AI agents will require us to secure every identity—human, machine, and agent.” (Palo Alto Networks)
PANW last closed on Friday up 2.5% at $166.95. The stock traded between $162.04 and $170.36 in the session, with about 12.6 million shares changing hands, according to market data.
U.S. exchanges were closed on Monday for Washington’s Birthday, and they reopen on Tuesday. (New York Stock Exchange)
Palo Alto is scheduled to hold its earnings webcast at 4:30 p.m. ET (1:30 p.m. PT) on Tuesday, according to its investor relations calendar. (Palo Alto Networks Investors)
In the broader cybersecurity group, recent results have not been a clean read-through. Varonis Systems beat revenue estimates but its shares fell after its report, while Tenable topped estimates and was little changed, TradingView News reported, citing StockStory. (TradingView)
CyberArk shareholders are entitled to receive $45 in cash and 2.2005 Palo Alto shares for each CyberArk share, a company filing showed. CyberArk CEO Matt Cohen said the deal “creates the definitive cyber guardian for the modern enterprise.” (SEC)
But a big implied move cuts both ways. Integration costs, a softer pace of large customer contracts, or a cautious outlook could keep pressure on the stock, especially with competition intense across network, cloud and identity security.
When the market reopens Tuesday, traders will watch not just the headline numbers but guidance and any detail on deal traction and CyberArk’s early impact. The next catalyst is the earnings release after the bell on Feb. 17, followed by management’s webcast.
