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Palo Alto Networks Acquires CyberArk for $25 Billion

2/13/2026

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Story summary
  • Palo Alto Networks has completed its $25 billion acquisition of CyberArk.
  • It plans to list on Tel Aviv Stock Exchange under CYBR, making Palo Alto Networks the largest firm by market capitalization on the exchange.
  • CEO Nikesh Arora says all identities—human, machine, and AI—must be secured amid cyber threats.
  • The integration aims to enhance Palo Alto Networks' cybersecurity offerings, with investors watching progress ahead of February 17, 2026 quarterly results.
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