Palo Alto Networks Stock News

Cybersecurity giant Palo Alto Networks announced on Wednesday its intent to acquire identity management and security company CyberArk for $25 billion. The deal, a mix of cash and stock, marks Palo Alto's entrance into the identity security space, according to a company press release.

PANW stock tumbled about 8% on Wednesday, after Palo Alto Networks announced a $25 billion deal to acquire CyberArk Software. The mix of cash and stock makes it Palo Alto's biggest acquisition yet and a major push into the identity security space.

Santa Clara, Calif.-based cybersecurity platform provider Palo Alto Networks stock has lost 14% of its peak value since inking a deal to acquire Newton, Mass.

Palo Alto Networks' stock was falling Wednesday after the announcement of a splashy deal that would give the cybersecurity giant a foothold in the identity business, which stands to benefit from AI.

Palo Alto Networks announced the acquisition of CyberArk in a $25 billion cash and stock deal. Palo Alto stock tumbled on the news.

Palo Alto Networks (NASDAQ: PANW) is reportedly in advanced talks to acquire Israel-based cybersecurity firm CyberArk in a deal that could be valued at up to $20 billion, per The Wall Street Journal. The news sent CyberArk shares up over 13%, although Palo Alto's stock dropped by nearly 5%.

The deal is expected to close in the second half of Palo Alto's fiscal 2026.

Palo Alto Networks is acquiring Israeli identity security provider CyberArk in a deal valued at roughly $25 billion. The California-based cybersecurity company will pay $45 a share for CyberArk