US EditionPalo Alto Networks buying CyberArk in cash-and-stock deal valued at about $25 billion
- As of Tuesday evening, Palo Alto Networks is reportedly engaged in detailed negotiations to acquire the Israeli identity management firm CyberArk in a deal valued at over $20 billion.
- The deal emerges amid a broader cybersecurity consolidation wave, with recent large acquisitions by Google and Cisco prompting market interest.
- CyberArk's stock surged about 15% to a record high while Palo Alto's shares dipped over 3% following news of the potential acquisition.
- CyberArk, founded in 1999, specializes in securing employee access to applications and generated $11.5 million net income in Q1 on $318 million revenue.
- If completed, the acquisition would expand Palo Alto's identity management presence, marking its largest deal and following CEO Arora's recent buying spree.
66 Articles
66 Articles
Why Palo Alto Networks Stock Plummeted by More Than 5% Today @themotleyfool #stocks $PANW
Key PointsThere were doubts about the company's latest deal.It has agreed to acquire peer CyberArk for around $25 billion in cash and stock.10 stocks we like better than Palo Alto Networks › Palo Alto Networks (NASDAQ: PANW) made waves Wednesday when it announced a pricey acquisition, and on Thursday, investors were clearly getting worried about the cost. Analysts, too, started to express concern, with two even downgrading their recommendation o…
Palo Alto Networks Broadens Cybersecurity Consolidation With $25B Deal
Faced with something of an identity crisis, Palo Alto Networks is going all-in on identity security. The cybersecurity firm, which has been seeking ways to bulk up and expand its portfolio of services, announced Wednesday an agreement to buy Israeli identity security company CyberArk for $25 billion. It’s just the latest in a massive wave of dealmaking in cybersecurity, though investors aren’t exactly digging Palo Alto’s new look. Check Your Pri…
Coverage Details
Bias Distribution
- 43% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
