Palo Alto Networks stock falls 7% after announcing $25 billion Cyberark deal
Palo Alto Networks will take over Israeli identity security provider CyberArk in a deal valued at roughly $25 billion. The California-based cybersecurity company will pay shareholders $45 apiece for 2.2005 shares of CyberArk, representing a 26% premium to its share price Friday. The deal is expected to close during Palo Alto Networks' fiscal year 2026. Shares of Palo Alto fell 7% Wednesday, building on a 5% loss from Tuesday. CyberArk's stock dipped about 1%. Palo Alto CEO and chairman Nikesh