Palo Alto Stock Drops over 5% as It to Acquire CyberArk in $25 Billion Deal
Palo Alto Networks will take over Israeli identity security provider CyberArk in a deal valued at roughly $25 billion.
Shares of Palo Alto fell more than 5% before the bell Wednesday, building on a 5% loss from Tuesday. CyberArk’s stock dipped 2%.

The California-based cybersecurity company will pay $45 a share for CyberArk, representing a 26% premium to its share price Friday.
Palo Alto Networks intends to use the deal to officially penetrate the identity security market and improve its multi-layer offering for customers.
“Our market entry strategy has always been to enter categories at their inflection point, and we believe that moment for Identity Security is now,” Palo Alto CEO and chairman Nikesh Arora said in a release Wednesday. He said that CyberArk offers a “foundational technology” necessary in the AI world.
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