Thinknum Alternative Data
Request Demo
Thinknum Login
Questions answered using Thinknum

Fundamental Investors

How many cars has Carmax sold this week compared to the same week last year?

How is foot traffic at Chipotle changing YoY?

What are the industrial companies that are growing and hiring the most?

Quantitative Analysts

How are the number of Twitter followers a leading indicator for company performance?

How are the number of LinkedIn employees a leading indicator for company performance?

Business Inteligence

Which private companies are getting their products picked up by major retailers?

Which private healthcare companies are hiring the most?

Which tech startups are getting the largest increase in mobile app downloads?

Join the investment community and start your week with market insights seen through the lens of alternative web data.

Palo Alto bought Zingbox, so what does that mean for its alternative data?

5 months ago by Jared Russo in M&A

Santa Clara cybersecurity company Palo Alto Networks ($NYSE:PANW) posted a big beat, and closed a key deal. Shares rose about 7% Thursday morning September 5 as analysts took in the news, and the alternative data is cause for further optimism. 

Palo Alto stock is soaring, up nearly 20% this year. Over the last three years, the total number of employees has gone up 124%, so that's a good trend.


Palo Alto also purchased Zingbox yesterday for a cool $75 million. Zingbox is an Internet of Things security company that should make it a great complimentary piece to Palo Alto's cloud services. All in all, this was a good opportunity to look into how things were going before this purchase, and as it turns out, pretty darn well. 

The Zingbox purchase shouldn't really affect the trajectory of hiring and growth overall, which is a great sign. The more the merrier! So hope on the bandwagon now while you can before there isn't any room left.

About the Data: 

Thinknum tracks companies using information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales. 

Further Reading: 

Join the businesses who have begun to edge out competitors by scouring the web for alternative data.

Request demo
Ready for a personalized tour?

Jared Russo

Jared is an editor for Thinknum, and has been writing for more than a decade. He previously worked at AOL, Vice, Google, Dotdash, and Sirius XM.

Request a demo

We would love to show you how Thinknum will benefit your investment process. To get started, fill out the form and we'll contact you shortly to schedule your demo.

Get Thinknum Media in your inbox

Start the day off with our Weekly Digest.