Palo Alto falls on $25 bln CyberArk deal

Shares of Palo Alto Networks PANW.O down 6.3% premarket to $181.68 after CyberArk Software CYBR.O tie-up announced

PANW to buy Israeli-peer CYBR in about $25 bln cash-and-stock deal to tackle AI-era cybersecurity threats

CYBR investors will receive $45 in cash and 2.2005 shares of PANW for each share they own, the firms said

Acquisition expected to close in fiscal 2026 and add to PANW's rev growth, as well as gross margin

PANW shares on Tues slid ~5% on news of the deal

U.S.-listed shares of CYBR down 0.7% at $431.55 before the bell. Its stock on Tues jumped 13.5%, extending YTD gain to 30%

Through Tues close, PANW shares up 6.5% YTD