The cybersecurity company said in July it would by Israeli cybersecurity provider CyberArk for $25 billion.
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Palo Alto Networks
beat Wall Street’s fiscal first-quarter estimates after the bell on Wednesday.
The stock fell about 3%.
Here’s how the company did versus LSEG estimates:
Shares rose post-earnings Monday evening but were still down from when the company's interest in CyberArk was first reported.
Palo Alto Networks will takeover Israeli cybersecurity provider CyberArk in a deal valued at $25 billion.
Palo Alto Networks CEO Nikesh Arora has been on a buying spree in recent years, but CyberArk would represent by far his biggest…
The cybersecurity company also said on Tuesday that it's buying Israeli startup Koi
Palo Alto has bet big on AI in recent months and launched an aggressive acquisition spree that included buying CyberArk for $25…
Cybersecurity stocks have plunged this year on worries that AI will disrupt their business models.
