Palo Alto Networks, Inc.
Palo Alto Networks Announces Merger with CyberArk
Summary
On July 30, 2025, Palo Alto Networks, Inc. announced its entry into a Merger Agreement with CyberArk Software Ltd. The merger, expected to close during the second half of Palo Alto Networks' Fiscal Year 2026, is intended to create a leading cybersecurity company by combining Palo Alto Networks' expertise in network, cloud, and security operations with CyberArk's leadership in identity security. The transaction is expected to be accretive to revenue growth, gross margin, and free cash flow per share immediately post-close. The deal values CyberArk at a total equity value of approximately $25 billion, representing a 26% premium to the unaffected 10-day average of the daily VWAPs of CyberArk as of July 25, 2025. Palo Alto Networks intends to provide supplemental information regarding the proposed transaction in connection with presentations to analysts and investors.
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About Palo Alto Networks, Inc.
Palo Alto Networks, Inc. is a leading cybersecurity company that provides advanced security solutions to protect digital enterprises. The company's primary function is to safeguard organizations across various sectors with its innovative, integrated security platforms to combat increasingly sophisticated cyber threats. The offerings of Palo Alto Networks encompass network security, cloud security, endpoint protection, and threat intelligence services, delivering a comprehensive shield against vulnerabilities for businesses globally. With its headquarters in Santa Clara, California, the company plays a pivotal role in the cybersecurity market by helping firms ensure safe and secure digital environments. Palo Alto Networks serves a diverse clientele, including healthcare, finance, government, and technology industries, all reliant on robust security measures to protect sensitive data and maintain operational integrity. Through its forward-looking approach and commitment to innovation, Palo Alto Networks continues to expand its impact, leading the charge in the evolution of digital security infrastructure.
Official SEC Documents
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