CyberArk Will Be A Reliable Sidekick To NGS Offerings
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Palo Alto Networks Stock Got Hammered After CyberArk Deal. Earnings Offer a Chance at Redemption.
When the market overreacts, buying opportunities have a way of presenting themselves. That’s the case for Palo Alto Networks, whose stock tumbled after it agreed to buy CyberArk Software for $25 billion. It’s set to report earnings on Aug. 18.
With cyberattacks growing in number and complexity, Wall Street sees potential for stock appreciation at the cybersecurity stalwart.
Palo Alto Networks CEO Nikesh Arora talked about growth in security, enterprise browsers and more as adoption of cloud and AI positions the cybersecurity vendor well.
Palo Alto Networks (NASDAQ:PANW) shares are trading higher after the company beat fourth-quarter estimates and issued strong guidance. Following the earnings release, several Wall Street analysts reiterated their positive outlook on the stock.
CyberArk Software shares are trading higher in Monday's after-hours session after Palo Alto Networks shares popped on better-than-expected earnings.
Evercore ISI analyst explains why federal spending cuts aren't a risk for Palo Alto Networks federal business.
Palo Alto Networks on Wednesday said it would acquire CyberArk in a cash-and-stock cybersecurity deal that values the latter company at $25 billion.