On this page of Benford's Law Stocks.com we present our study of Palo Alto Networks Inc — ticker symbol PANW. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 9/9/2019 to 5/20/2024 for Palo Alto Networks Inc under CIK number 0001327567. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for PANW, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for Palo Alto Networks Inc based on the past PANW filings our system processed in the past.
26.8
19.3
17.0
9.0
8.8
5.3
4.9
5.0
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, PANW stockholder letter ]
Total numbers found: 947
Recent share count: 323,100,000 (3's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
947
High count compared to other filers, with PANW falling in the highest quartile of filers. At this number count, it would take about 9 numbers to move any given column by a full percentage point.
94

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 1's percentage was below the company's typical historical range.
 • We deducted points upon observing the 3's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 3's percentage was above the company's typical historical range.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • We deducted point (includes the impact of penalty multiplier) upon observing the 8's percentage was above the company's typical historical range.
Benford's Law Stocks Indicator
PANW
High score compared to other filers, with PANW falling in the highest quartile of filers.
OBT
OLLI
PLBY
SHOO
OLED
ONDS
PBFS
PRPO
Check our work! We provide our Palo Alto Networks Inc Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the PANW filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 254 numbers that start with the digit 1. Here they are:
1,373.7
1,135.3
1,516.7
1,254.7
1,715.4
17,930.8
14,501.1
108.9
132.3
1,162.5
1,991.5
13,463.0
12,752.7
100.0
1,000.0
1,227.4
1,748.4
17,930.8
14,501.1
1,122.8
1,071.0
1,593.8
1,332.8
1,984.8
1,720.9
1,242.0
1,088.9
1,485.5
1,402.9
1,471.2
1,246.1
1,314.6
1,189.6
1,880.0
118.6
114.2
1,294.5
1,167.4
176.7
133.8
137.5
131.0
1,550.6
107.8
107.8
1.8
15.1
17.7
13.6
11.4
14.8
12.2
115.8
115.8
1.7
1.7
1.7
11.1
1,562.9
107.8
107.8
130.7
130.7
1,455.1
1,232.4
1,227.4
1,748.4
12.2
12.2
1,932.7
1,667.1
199.7
199.7
17.5
17.5
1.8
1,455.1
1,232.4
1,818.3
169.4
165.0
119.2
1,094.9
1,364.3
1,503.6
109.4
109.1
1,341.4
198.7
17.5
1,163.8
124.5
1,142.2
1,381.9
1,373.7
1,992.9
1,381.9
1,271.1
1,105.2
1,359.6
1,179.2
1,170.9
1,984.8
1,720.9
1,122.8
1,071.0
1,045.6
1,654.2
1,450.9
1,593.8
1,332.8
1,984.8
1,720.9
11.3
151.4
151.4
151.4
170.9
170.9
1,251.4
1,251.4
190.6
190.6
1,516.7
1,516.7
1,254.7
1,254.7
19.1
19.1
19.1
19.1
1.7
1.7
1.7
1.7
18.7
18.7
18.7
18.7
1.6
1.6
1.6
1.6
171.0
1
170.9
151.4
151.4
151.4
151.4
1.3
1.6
1.5
1,524.4
1,519.2
1,134.1
1,124.7
158.5
157.1
114.3
113.4
1.3
19.1
13.7
192.2
19.6
109.6
131.4
19.6
131.4
172.7
172.7
17.0
14.6
1,013.9
1,013.9
120.7
1.7
130
100
130
100
1,165.2
1,999.3
1,162.5
1,991.5
1.5
1.5
1.8
15.2
1.1
1.8
11.7
19.1
139.27
145.4
136.16
1.000
1.375
150
1.0
115.8
15.6
13.2
146.7
151.5
180.5
180.5
1.0
1.7
1.8
138.65
12.1
142.61
128.64
1,242.3
182.79
131.05
1.5
116.51
1.0
161.26
135.54
10.3
194.03
154.42
1,497.3
1,184.6
1.2
1,168.4
1,168.4
1.6
128.2
125.4
104.7
11.0
1.7
1.6
17.7
15.1
107.8
19.3
11.4
17.4
11.0
10.0
13.2
11.2
11.5
11.9
11.4
151.9
137.5
123.2
We found 183 numbers that start with the digit 2. Here they are:
2,463.2
263.3
2,926.8
2,291.9
23.1
28.1
279.2
243.5
2,052.2
2.3
21.5
231.8
251.2
249.8
27.6
23.2
278.8
2,219.9
212.0
278.8
2,219.9
212.0
2.6
28.4
2.9
24.5
27.4
229.9
2,207.7
246.9
278.8
278.8
2.4
270.0
270.0
2,303.0
2.1
2.1
276.6
276.6
2,708.2
20.7
2,219.9
2,219.9
258.1
258.1
22.7
22.7
2.0
2.2
2.2
298.8
210.0
212.0
212.0
250.0
250.0
2,708.2
20.7
2,219.9
212.0
207.2
212.9
297.4
2.9
285.2
250.5
20.5
227.4
2,744.9
2,363.4
2,486.5
204.5
2,396.4
272.7
259.7
22.7
239.7
2,124.8
2,000.3
2,000.3
27.4
256.8
213.1
226.0
209.6
2,417.5
2.9
2.5
2.5
2.5
25.5
25.5
213.8
213.8
2,525.9
2,525.9
2,484.3
2,484.3
22.0
22.0
25.3
25.3
25.3
25.3
28.8
28.8
20.3
20.3
2.5
2.5
2.5
2.5
25.5
25.5
2.6
28.8
214.1
213.8
214.2
212.6
2
2,125.5
2,109.2
255.4
247.6
255.4
2
22.1
255.4
253.7
2,926.8
203.8
25.8
2.0
20
20.1
20
2.7
2.9
2.9
2.1
2.3
2.3
2.9
20.5
20.1
20.1
202.8
2.4
251.8
2,400.8
210.6
2,407.5
2.0
293.91
284.00
250.0
22.7
271.65
2.2
2,979.7
2.1
2.7
2.5
229.1
256.3
29.4
263.5
277.2
2.2
231.7
28.9
278.8
2,219.9
212.0
2.4
2.4
234.8
2.2
2.9
231.8
2,444,760
We found 161 numbers that start with the digit 3. Here they are:
323.8
388.8
337.0
339.2
350.3
354.5
369.7
3,504.4
3,047.9
3,372.7
315.4
321.4
321.7
385.9
390.8
369.8
352.7
323.4
308.3
3,530.7
3,019.0
391.0
388.1
3,868.4
314.0
381.4
3,536.5
333.1
3,907.0
3,402.7
37.8
35
31
322.9
303.9
317.5
302.0
354.6
344.7
354.0
338.1
39.3
34.9
322.7
3,650.0
3.4
3.4
323.4
3,530.7
302.4
3.2
305.6
308.3
3,019.0
323.4
3,530.7
34.9
34.9
305.6
324.7
36.7
34.4
332.2
36.3
3
3,723.6
3,153.8
3,980.4
3,366.9
399.2
332.1
391.0
388.1
3,061.0
3,868.4
3.7
34.4
34.4
34.0
34.0
36.6
36.6
3,504.4
3,504.4
3,047.9
3,047.9
3
3
3
3
3.5
3.5
3.5
3.5
3,803.5
3,777.3
3.5
36.7
3
3,313.5
32.5
3,282.3
37.2
36.6
3.0
38.0
30.3
3.4
30.7
3.4
3.4
388.8
39.2
3
3,372.7
315.2
3
311.5
3.9
3.9
315.4
33.4
33.2
33.1
375
375
30
30
3.4
3.2
3.2
3.9
370.8
350.0
375
383.2
3.7
316.7
3.6
3,013.0
3.8
346.92
30.0
32.0
386.9
373.1
36.8
3.3
32.6
322.9
303.9
317.5
302.0
354.6
344.7
354.0
338.1
35
31
3.2
3.6
4's 5's 6's
We found 85 numbers that start with the digit 4. Here they are:
403.7
466.8
407.9
412.6
4,674.6
4,621.8
43.2
4,467.8
4,715.2
4,939.4
435.7
474.8
4,352.5
457.2
413.7
445.5
48.9
4,357.2
48.9
48.9
4.6
4.6
4,467.8
43.2
4,467.8
40.7
46.5
412.7
47.2
4,461.4
4,939.4
494.7
4,715.2
4,939.4
476.1
476.1
476.1
48.1
48.1
4.2
4.2
4.2
4.2
4.2
4.2
476.1
4,474.8
4,950.9
4
48.1
48.1
4,339.1
4,302.6
481.8
476.1
435.1
42.9
45.4
4.3
45.4
458.6
439.0
458.6
458.6
445.9
498.7
429.4
4
407.9
407.9
407.9
4.6
4.6
400.0
4,338.4
40.0
48.5
4,597.5
4.6
40.8
43.4
4.4
40.0
4.3
432,000
We found 83 numbers that start with the digit 5. Here they are:
572.3
5,918.8
511.2
547.1
548.3
5,014.9
5,152.7
503.0
55.4
5,838.0
513.6
540.2
5.5
500.0
500.0
55.4
566.7
566.7
5.7
5.7
55.4
55.6
5.3
5.3
500.8
566.7
591.0
5,838.0
548.2
5,838.0
5.4
5
5
50.2
50.2
53.0
53.0
505.0
505.0
5,028.1
5,792.0
5,054.3
5,021.1
512.0
509.2
5,056.8
5,023.6
572.3
59.9
53.9
5
519.3
519.3
50.2
5.7
5.0
5.0
5.1
5.1
5.6
5.3
5.7
581.1
518.1
585.6
54.8
55.8
524.4
592.3
500.0
566.7
500.0
5.0
5
5.2
5.3
5.2
5.2
5.0
5.1
5.8
5.9
500.0
We found 50 numbers that start with the digit 6. Here they are:
6,048.0
653.3
639.5
60.1
669.3
6.99
6.27
63
6.3
6.5
699.3
610.6
686.7
627.5
6.5
6
6.4
649.5
67.4
698.6
6.1
653.3
633.2
6.2
6
606.0
606.0
661.8
6.8
6
6
6
6
6.3
6.7
6.7
634.3
676.1
621.21
6.4
65.20
64.85
65.29
65.29
6.3
6.99
6.27
63
65.9
60.1
7's 8's 9's
We found 46 numbers that start with the digit 7. Here they are:
7.8
7,084.8
7,737.5
77.9
718.7
78.7
7.8
76.8
70
79
7.5
713.7
729.0
748.9
78.7
7.4
74.0
763.9
763.9
763.9
766.4
798.0
798.0
763.9
722.1
7.3
763.9
7
7.8
72.0
73.9
7.4
79.7
71.8
75
7.8
7
700.0
7.5
74.3
7.4
7.3
70
79
78.3
76.8
We found 47 numbers that start with the digit 8. Here they are:
8.2
882.5
86.1
8.0
86
8.1
845.2
845.2
8.6
843.3
843.3
806.5
820.3
867.7
875.0
834.1
8.2
88.5
838.1
875.3
875.3
85.0
84.6
87.9
87.0
881.4
875.8
8.9
882.5
813.9
89.9
82.8
8.4
830.8
834.7
86.7
834.1
8
8
8.0
8.0
8.8
80.5
809.8
833.1
86
8,054
We found 38 numbers that start with the digit 9. Here they are:
992.5
93.4
9.6
9.6
98.2
992.5
9.6
9.6
9.0
992.5
91.5
981.5
9
9
9.8
951.3
957.5
98.8
9.6
9.4
9.4
9.4
9.4
9
9
98.9
99.20
98
9.6
9
9
9.0
915.0
91.3
91.5
96.2
9.5
9.3
While the above PANW 10Q Filed 5/20/2024 is interesting in isolation, we have found that it is also useful to take a look at older Palo Alto Networks Inc filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 5/20/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical PANW 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

26.8
19.3
17.0
9.0
8.8
5.3
4.9
5.0
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL?   [ original filing ]
Total numbers found: 947

= Typical PANW range from 9/9/2019 to 5/20/2024
32.1
18.6
13.1
10.1
6.7
5.5
5.2
3.8
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL?   [ original filing ]
Total numbers found: 1,272

= Typical PANW range from 9/9/2019 to 5/20/2024
31.6
20.8
16.4
5.1
8.7
4.8
4.5
4.2
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL?   [ original filing ]
Total numbers found: 732

= Typical PANW range from 9/9/2019 to 5/20/2024
32.9
16.9
12.0
9.0
8.0
6.2
4.9
4.1
6.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 852

= Typical PANW range from 9/9/2019 to 5/20/2024
30.7
19.3
14.4
6.7
6.5
6.4
6.6
3.4
6.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 84
XBRL?   [ original filing ]
Total numbers found: 877

= Typical PANW range from 9/9/2019 to 5/20/2024
31.1
18.3
15.0
6.2
8.1
6.6
5.7
4.5
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL?   [ original filing ]
Total numbers found: 1,413

= Typical PANW range from 9/9/2019 to 5/20/2024
33.2
16.1
14.6
9.1
8.3
6.6
3.8
2.9
5.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL?   [ original filing ]
Total numbers found: 651

= Typical PANW range from 9/9/2019 to 5/20/2024
31.3
14.2
15.8
8.7
9.1
7.2
5.3
5.7
2.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 79
XBRL?   [ original filing ]
Total numbers found: 965

= Typical PANW range from 9/9/2019 to 5/20/2024
27.9
22.5
16.7
6.6
5.8
5.2
5.4
4.8
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 963

= Typical PANW range from 9/9/2019 to 5/20/2024
31.3
20.2
13.2
9.3
6.5
5.6
5.0
3.7
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL?   [ original filing ]
Total numbers found: 1,286

= Typical PANW range from 9/9/2019 to 5/20/2024
28.6
20.8
12.0
8.3
6.5
5.9
5.3
5.5
7.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 69
XBRL?   [ original filing ]
Total numbers found: 660

= Typical PANW range from 9/9/2019 to 5/20/2024
33.2
18.1
14.4
6.9
6.9
6.1
6.0
2.8
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 855

= Typical PANW range from 9/9/2019 to 5/20/2024
32.3
16.4
12.3
8.0
8.5
5.6
6.6
4.4
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 76
XBRL?   [ original filing ]
Total numbers found: 860

= Typical PANW range from 9/9/2019 to 5/20/2024
36.4
17.3
11.0
7.2
7.5
4.8
5.8
5.6
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL?   [ original filing ]
Total numbers found: 2,681

= Typical PANW range from 9/9/2019 to 5/20/2024
30.3
17.0
16.6
11.4
6.3
7.9
4.1
3.3
3.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL?   [ original filing ]
Total numbers found: 699

= Typical PANW range from 9/9/2019 to 5/20/2024
32.0
19.9
14.3
4.7
7.9
7.4
5.4
4.4
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL?   [ original filing ]
Total numbers found: 952

= Typical PANW range from 9/9/2019 to 5/20/2024
27.9
18.7
16.1
7.6
6.3
6.4
7.2
2.9
6.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 56
XBRL?   [ original filing ]
Total numbers found: 857

= Typical PANW range from 9/9/2019 to 5/20/2024
32.0
18.1
14.6
7.9
7.4
5.5
5.5
3.6
5.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 1,339

= Typical PANW range from 9/9/2019 to 5/20/2024
27.9
18.1
13.9
7.7
8.0
7.2
4.4
3.4
9.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 46
XBRL?   [ original filing ]
Total numbers found: 613

= Typical PANW range from 9/9/2019 to 5/20/2024
33.3
17.0
14.2
7.3
7.5
5.4
4.7
3.9
6.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL?   [ original filing ]
Total numbers found: 855

= Typical PANW range from 9/9/2019 to 5/20/2024
 

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