Palo Alto Networks stock rises as CyberArk deal closes, Tel Aviv listing plan in focus
Palo Alto Networks shares rose 2.4% to $166.65 Friday after closing a $25 billion acquisition of Israel’s CyberArk and announcing plans for a secondary listing in Tel Aviv. The company will report quarterly results Feb. 17, with investors focused on integration costs and demand. Palo Alto expects to trade as “CYBR” on TASE while keeping “PANW” on Nasdaq. The stock traded between $162.04 and $170.36 during the session.