ON Holding AG vs Palo Alto Networks Inc — how do they compare? ON Holding AG trades at $35.09 (market cap $11.38B), while Palo Alto Networks Inc trades at $418.78 (market cap $331.76B). The key difference: Palo Alto Networks Inc is far larger — about 29.2× ON Holding AG's market cap, and Palo Alto Networks Inc is trading nearer its 52-week high, ON Holding AG nearer its low. Which is the better fit depends on your goals — on Pluang, investors hold ON Holding AG for 22 Days and Palo Alto Networks Inc for 82 Days on average.
| ONON | PANW | |
|---|---|---|
Market Cap | $11.38B | $331.76B |
Volume | 13,732,872 | 3,886,927 |
Sector | Consumer Cyclical | Technology |
52-Week High | $50.63 | $419.91 |
52-Week Low | $26.76 | $141.67 |
Typical Hold Time | 22 Days | 82 Days |
Enterprise Value | $10.54B | $331.19B |
Signals from Pluang's Aura AI — not financial advice
ONON trades at $34.04, up 2.47% today, with strong bullish technical signals from moving averages and recent positive earnings momentum. The company reported Q2 2026 EPS of $0.44, beating expectations of $0.42, continuing a pattern of quarterly beats. Fundamental strength is evident with 64.82% gross margins and 23.95% ROE, while analyst consensus remains strongly bullish with a $42.26 price target representing 24% upside potential.
The outlook remains positive given strong DTC growth, premium store expansion, and a newly announced $1 billion buyback program through 2029. Key risks include competitive pressures in footwear and potential margin compression from expansion costs. The stock appears reasonably valued at 24x P/E given its growth trajectory and profitability metrics.
Palo Alto Networks (PANW) trades at $398.50, down 1.7% on the day but near its 52-week high, with a bullish technical signal from moving averages. The company has beaten earnings estimates for three consecutive quarters, with Q3 2026 results pending. Revenue growth is robust, rising from $5.5B in 2022 to $9.2B in 2025, though net income margin compressed to 2.67% in 2026 from 12.29% in 2025. Positive sentiment is driven by AI cybersecurity demand and platformization strategy.
The outlook remains favorable given strong analyst support (72% buy ratings) and a consensus price target of $398.70, but high valuation multiples (P/E 1,013.93, P/S 26.99) and rising costs pose risks. Earnings execution and AI-driven security adoption are key catalysts, while premium valuation and competitive pressures require monitoring for sustained growth.
Trailing returns across standard periods
What Pluang investors did over the last 30 days
Latest headlines on both assets
ON Holding AG is a Swiss sports company primarily known for its high-performance running shoes, apparel, and accessories under the 'On' brand. The company emphasizes a blend of high-end design, proprietary cloud technology (like CloudTec cushioning), and sustainability in its products. On has rapidly gained market share globally, appealing to both competitive athletes and general consumers in the performance and lifestyle footwear segments.
Read more on ONON →Palo Alto Networks is a pure-play cybersecurity vendor that sells security appliances, subscriptions, and support into enterprises, government entities, and service providers. The company's product portfolio includes firewall appliances, virtual firewalls, endpoint protection, cloud security, and cybersecurity analytics. The Santa Clara, California, firm was established in 2005 and sells its products worldwide.
Read more on PANW →