CyberArk stock jumps on report Palo Alto Networks in acquisition talks

Cyber Sant After notification of Wall Street Journal’s cyber security provider, stocks increased by 13% PALO ALTO NETWORKS Identity management organized discussions to buy the software manufacturer more than $ 20 billion.

Cloud safety, especially rapid progress in artificial intelligence, brings a completely new set of threats and ransom software attacks become more common, becoming a more critical part of institutional technology pile.

Founded in 2005, Palo Alto Networks has appeared as a consolidator in the cyber security industry in recent years and has become the largest player in the field with a Market CAP with a valuation of 130 billion dollars. CEO Nikesh Arara, who was appointed to work in 2018, is experiencing an expenditure madness, caught the protection AI in an agreement that closed in July, and in 2023, Talon Cyber Security, Dig Security and Zycada Networks are buying Networks.

However, Cyberac would represent Arara’s greatest bet. The Israeli company, which was opened to the public in 2014, provides technology that helps companies to facilitate the process of logging in applications.

Cyberark faces competition Microsoft– Okta And IBMHashicorp. Another competitor, Sailing pointHe returned to public markets in February.

With the rally on Tuesday, Cyberark shares broke a record and exceeded the highest levels of all time in February. The stock increased by 29% this year and after 52% in 2024, it pushed the company’s market value to approximately $ 21 billion. Meanwhile, Palo Alto shares fell by 5% in the report and now increased by about 6% for the year.

Palo Alto Networks and Cyberk representatives refrained from commenting.

In the first quarter, Cyberark earned a net revenue of approximately 11.5 million dollars with an increase of 43% compared to the previous year, with a revenue of $ 318 million.

There was an active stretching for great opportunities in the cyber market. Google In March, he spent 32 billion dollars on Wiz, the biggest record purchase, and spent a purchase process aimed at supporting cloud business with more AI security technology.

Network giant Cisco He also made his biggest agreement in the field of security and purchased SPLUNK for 28 billion dollars in 2023. SPLUNK’s technology helps businesses monitor and analyze their data to minimize hacking risk and solve technical problems faster.

Read the Wall Street Journal report here.

– Ari Levy of CNBC contributed to this report.