Palo Alto Networks Probes New Equity Structure For Cloud, AI Unit ‘[The market] values the network security business in cash flow and values the cloud and AI business in ARR. So we want to be able to create the opportunity for the market to value our businesses differently,’ says CEO Nikesh Arora. By Michael Novinson February 22, 2021, 07:00 PM EST Palo Alto Networks is exploring different equity structures for its cloud and AI security business that could potentially allow different investors to bankroll the high-growth practice. The Santa Clara, Calif.-based platform security vendor said its board of directors has approved creating a vehicle for its employees to invest in equity around the company’s cloud and AI business, more tightly aligning the interest of employees and shareholders, said CEO Nikesh Arora (pictured). The cloud and AI business includes the company’s Prisma Cloud, Cortex security operations, and incident response services.