Palo Alto Networks Solidifies Global Strategy with Tel Aviv Listing Following $25 Billion CyberArk Acquisition

Palo Alto Networks has announced plans to establish a dual listing on the Tel Aviv Stock Exchange, marking a significant expansion in its market presence following the completion of its $25 billion acquisition of Israeli cybersecurity firm CyberArk Software. The company will trade under the ticker symbol “CYBR” on the exchange, underscoring its commitment to the region while simultaneously strengthening its position as a leading global security solutions provider.

Strategic Recognition of Israeli Innovation Hub

The decision to list on Tel Aviv’s exchange represents far more than a financial transaction—it signals Palo Alto’s strategic recognition of Israel’s thriving technology ecosystem. With a current market valuation of $115 billion, Palo Alto will become the largest company by market capitalization on the Tel Aviv Stock Exchange upon listing, reflecting the significance of this dual-exchange arrangement. The listing enables local institutional and retail investors direct access to Palo Alto’s shares, effectively deepening the company’s integration into Israel’s economic fabric.

“This listing honors CyberArk’s Israeli roots and demonstrates our unwavering commitment to the local tech community,” Palo Alto stated in a recent announcement. The company’s decision contrasts sharply with competitor Check Point Software Technologies, which maintains sole Nasdaq listing and has opted against expanding its exchange presence.

Market Impact and Growth Momentum

The finalized acquisition establishes a comprehensive cybersecurity ecosystem designed to capitalize on accelerating AI-driven security demand. Under the transaction terms, CyberArk shareholders received $45 in cash per share plus 2.2005 shares of Palo Alto Networks common stock for each CyberArk ordinary share held. This substantial deal reinforces Palo Alto’s already impressive Israeli operations, which maintain the company’s second-largest research and development center globally outside Silicon Valley.

CEO Nikesh Arora has positioned this acquisition as central to building an integrated cybersecurity platform capable of addressing enterprise security challenges in an increasingly AI-driven landscape. The Tel Aviv Stock Exchange welcomed the announcement, characterizing the dual listing as a “significant milestone for our capital market,” emphasizing how it provides Israeli investors streamlined access to participate in Palo Alto’s continued global expansion and technological innovation.