Overview
- The boards of both Palo Alto Networks and CyberArk have unanimously approved the $25 billion acquisition.
- The transaction is expected to close in the second half of Palo Alto’s fiscal 2026 after winning regulatory clearance and a CyberArk shareholder vote.
- The agreement marks Palo Alto’s formal entry into identity security by folding CyberArk’s privileged access management expertise into its AI-backed cybersecurity suite.
- Palo Alto’s share price has fallen more than 12% since news of the deal broke, while CyberArk’s stock has climbed over 15%.
- Analysts flag the roughly 26% premium paid for CyberArk and point to revenue guidance that fell short of expectations as potential pressure on Palo Alto’s organic growth.