Furthermore, their potential for growth is underscored by a total addressable market (TAM) that is rapidly approaching $200 billion, of which Palo Alto Networks has only captured approximately 7%. Palo Alto Networks' strategy to platformize their offerings is contributing to larger deal sizes and increased customer lifetime value (LTV), despite causing short-term headwinds to billings growth. The company's financials also support Kessinger's positive outlook; with top-tier free cash flow (FCF) margins and a sustained Rule-of-50+ profile, Palo Alto Networks is positioned for robust bookings growth. Accelerating Commitment Revenue Obligations (CRPO) growth and impressive annual recurring revenue (ARR) metrics indicate a healthy and growing company.