Firewalls and appliances

The next-generation firewall line is the company's original core product: hardware appliances and software firewalls that inspect traffic. The product revenue line reports these sales up front, separate from the subscriptions that run on them.↗ source

Why it matters to the stock. Firewall refresh cycles and the AI-driven demand for data-center security set the pace of product revenue. Management ties most future growth to the subscriptions attached to these devices.