Palo Alto Stock Leaps
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CyberArk Software shares are trading higher in Monday's after-hours session after Palo Alto Networks shares popped on better-than-expected earnings.
The proposed $25 billion acquisition reflects the growing importance of identity management — and would fill a crucial gap in the Palo Alto Networks portfolio.
Palo Alto Networks CEO Nikesh Arora talked about growth in security, enterprise browsers and more as adoption of cloud and AI positions the cybersecurity vendor well.
Palo Alto Networks forecast fiscal 2026 revenue and profit above analysts' estimates on Monday, betting on growing demand for its artificial intelligence-powered cybersecurity solutions, sending its shares up 5% in extended trading.
Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the AI Stocks Investors Are Watching Right Now. On August 12, Evercore ISI analyst Peter Levine reiterated an Outperform rating on the stock with a $220.
Nir Zuk, Israeli founder of Palo Alto Networks and an IDF veteran, retires after 20 years. The cybersecurity visionary, who pioneered the next-gen firewall, hands off his CTO role to Lee Klarich, marking a new chapter for the company.
Palo Alto Networks will buy Israeli peer CyberArk Software for about $25 billion, in its biggest deal yet, as CEO Nikesh Arora seeks to build a comprehensive cybersecurity provider to tap into rising AI-driven demand.
Palo Alto Networks on Wednesday said it would acquire CyberArk in a cash-and-stock cybersecurity deal that values the latter company at $25 billion.
Jeremy Sim and Peter Jose the new APJ and ANZ head of channels have had a whirlwind start to their tenures at the identity company.
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