CyberArk shareholders approve acquisition by Palo Alto Networks

NEWTON, Mass. - CyberArk (NASDAQ:CYBR) shareholders have voted to approve the company’s acquisition by Palo Alto Networks (NASDAQ:PANW) at a special meeting held on Thursday, according to a statement based on a press release. CyberArk, currently valued at $24.56 billion by market capitalization, has seen its stock price rise to $487.29, reflecting strong investor confidence in the deal.

The acquisition proposal received approximately 99.8% support from CyberArk shareholders. The transaction, originally announced on July 30, 2025, is expected to close during the second half of Palo Alto Networks’ fiscal year 2026, pending regulatory approvals and other customary closing conditions.

Under the terms of the agreement, Palo Alto Networks will acquire CyberArk in a cash-and-stock transaction that values each CyberArk share at $45.00 in cash plus 2.2005 shares of Palo Alto Networks common stock. InvestingPro data shows CyberArk shares have delivered an impressive 71.27% total return over the past year, with the stock trading near its 52-week high of $526.19.

"We would like to thank our shareholders for their strong support in approving the acquisition of CyberArk by Palo Alto Networks," said Matt Cohen, Chief Executive Officer of CyberArk. "Today, we move one step closer to bringing together two cybersecurity leaders to advance our vision of securing every identity with intelligent privilege controls through a modern platform built for the AI era."

CyberArk, which describes itself as a leader in identity security, provides solutions that secure human and machine identities in enterprise environments. The company’s AI-powered Identity Security Platform applies privilege controls to identities with threat prevention, detection and response capabilities. According to InvestingPro data, CyberArk has demonstrated strong revenue growth of 43.26% in the last twelve months, with impressive gross profit margins of 76.15%, highlighting the company’s strong market position.

The acquisition represents a significant consolidation in the cybersecurity sector, combining Palo Alto Networks’ security offerings with CyberArk’s identity security expertise. While CyberArk is not currently profitable, with a negative $4.58 diluted EPS in the last twelve months, InvestingPro Tips indicate that analysts expect the company to be profitable this year with projected EPS of $3.99 for FY2025. This is one of 16 exclusive insights available on InvestingPro, which also offers a comprehensive Pro Research Report on CyberArk, one of 1,400+ US equities covered with deep-dive analysis transforming complex data into actionable intelligence for smarter investing decisions.

In other recent news, CyberArk Software Ltd. has reported impressive third-quarter financial results, significantly surpassing analyst expectations. The company announced a 43% year-over-year increase in revenue, reaching $342.8 million, which exceeded the consensus estimate of $328 million. CyberArk also reported adjusted earnings per share of $1.20, well above the expected $0.93, marking a 28% rise from the previous year’s $0.94 per share. The identity security provider achieved a record net new Annual Recurring Revenue (ARR) of $68 million for the quarter, reflecting a 16% increase from the previous year. Total ARR saw a substantial 45% growth year-over-year, amounting to $1.341 billion, underscoring robust customer adoption of CyberArk’s offerings. These developments highlight CyberArk’s strong performance and growth in the identity security sector.

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