Investment management firm Sands Capital stated in its Q2 2026 investor letter that Palo Alto Networks (PANW) was a key contributor, supported by robust results and investor confidence in cybersecurity demand. The firm noted that rapid AI adoption is expanding enterprise attack surfaces, increasing the need for scaled cybersecurity platforms. PANW shares gained 10.16% over the past month and 116.36% over the past 52 weeks, closing at $363.86 on August 7, 2026.