Palo Alto Networks stock falls 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. CyberArk shareholders, for each of their shares, will get $45 cash and 2.2005 shares of Palo Alto. The deal is expected to close during Palo Alto Networks' fiscal 2026. Shares of Palo Alto fell 5% on Wednesday, building on a 5% loss from Tuesday. CyberArk's stock whipsawed. Palo Alto Chairman and CEO Nikesh Arora said in an interview with CNBC's "Squawk on the Street" on Wedn