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Adam Eckert

Palo Alto Networks Stock Is Falling Today: What's Going On?

Palo Alto Networks Palo Alto Networks CyberArk PANW CyberArk Software

Palo,Alto,Networks,Logo,And,Sign,At,Silicon,Valley,Headquarters

Palo Alto Networks Inc (NASDAQ:PANW) shares are trading lower Wednesday after the company announced an agreement to acquire CyberArk Software (NASDAQ:CYBR).

What Happened: Palo Alto entered into a definitive agreement with CyberArk to acquire the identity security company. Shareholders of CyberArk will receive $45 in cash and 2.2005 shares of Palo Alto common stock for each CyberArk share held for an approximate equity value of $25 billion.

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