Palo Alto Networks to begin trading in Tel Aviv next week
Following landmark CyberArk acquisition, Palo Alto becomes the largest company on Israel’s exchange.
Palo Alto Networks will begin trading on the Tel Aviv Stock Exchange next Monday, far sooner than many market participants expected.
The secondary listing follows the completion of the company’s $25 billion acquisition of CyberArk, the second-largest transaction ever involving an Israeli technology company. The deal elevates identity security, the protection of users, machines and increasingly AI-driven agents, to the center of the world’s largest cybersecurity platform, at a time when artificial intelligence is multiplying the number of digital entities that must be secured.
The listing, under the ticker “CYBR,” will sit alongside Palo Alto’s primary Nasdaq listing (PANW). Once trading begins, Palo Alto will become the largest company on the Tel Aviv exchange by market capitalization.
In analyst remarks following the close, CEO Nikesh Arora emphasized that integration planning had begun months earlier. He said Palo Alto had worked with CyberArk’s management for six to seven months to define roles across the combined organization, allowing the company to inform employees of their positions and targets within 48 hours of closing.
That preparation has not prevented job reductions. Approximately 700 roles globally are expected to be eliminated, including around 100 in Israel, roughly 10 percent of CyberArk’s local workforce of 1,100. Most of the reductions are in infrastructure and management rather than development teams. Some employees will depart immediately; others will remain for up to a year to assist with integration.
Sales and marketing operations will continue separately for six to nine months, reflecting both operational caution and the need to preserve revenue continuity. Palo Alto has stated it believes customer support performance can be improved under its platform model.
