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Information Technology Services M&A image Information Technology Services M&A » By The Online Investor Staff, updated Thu., Mar. 28, 12:15 PM Recent mergers and acquisitions in the Information Technology Services M&A category.

Slide #14. Palo Alto Networks Cyvera

Acquirer: Palo Alto Networks (NASDAQ:PANW)
Acquiree: Cyvera
Details: Palo Alto Networks (NYSE: PANW), today announced it has completed its acquisition of Cyvera Ltd., a privately held cybersecurity company located in Tel-Aviv, Israel. Originally announced on March 24, 2014, Palo Alto Networks acquired Cyvera for an aggregate purchase price of approximately $200 million.

Palo Alto Networks is a global cybersecurity provider. Co.'s cybersecurity platforms and services help secure enterprise users, networks, clouds, and endpoints by delivering cybersecurity backed by artificial intelligence and automation. Co. is a provider of zero trust solutions, starting with zero trust network access to secure remote hybrid workforces and extending to securing users, applications, and infrastructure with zero trust principles. Co.'s network security platform includes its hardware and software Machine Learning-Powered Next-Generation Firewalls, as well as a cloud-delivered Secure Access Service Edge. Co. enables cloud-native security through its Prisma Cloud platform.

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Company Name:  Palo Alto Networks, Inc
Website:  www.paloaltonetworks.com
Sector:  Application Software
Number of ETFs Holding PANW:  118
Total Market Value Held by ETFs:  $13.65B
Total Market Capitalization:  $92.63B
% of Market Cap. Held by ETFs:  14.74%
 

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March 28, 2024    12:15 PM Eastern
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Buy (3.40 out of 4)
52nd percentile
(ranked higher than approx. 52% of all stocks covered)

Analysts' Target Price:
PANW Stock Forecast

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