Identity security (CyberArk)
Acquisition of CyberArk completed on February 11, 2026; CyberArk products continue as a standalone platform.
What it is
CyberArk adds identity security for people, machines and AI agents, including privileged access management. Each CyberArk share was exchanged for $45.00 in cash and 2.2005 Palo Alto Networks shares.
Why it matters to the stock. This is the largest acquisition in the company's history. Its revenue and integration are central to the fiscal 2027 outlook.
News
Palo Alto Networks launches Idira identity security platform for CyberArk customers
Palo Alto Networks introduced Idira on May 12, 2026, a next-generation identity security platform that succeeds CyberArk's products for existing customers.
Palo Alto shares fall after cut to fiscal 2026 profit forecast
Palo Alto Networks shares fell in premarket trading on February 18, 2026, by about 6% according to Bloomberg coverage, even after a quarter that beat expectations.
Palo Alto Networks plans Tel Aviv secondary listing under the CYBR ticker
On the day it closed the CyberArk deal, Palo Alto Networks said it intends to pursue a secondary listing on the Tel Aviv Stock Exchange under the CYBR ticker.
CyberArk convertible notes become exchangeable into PANW stock and cash
At closing, a supplemental indenture changed CyberArk's 0.00% convertible senior notes due 2030 so they can no longer convert into CyberArk shares.