Palo Alto Networks (PANW) stock jumps as CyberArk merger close nears; traders eye Feb. 17 results
Palo Alto Networks shares rose 4.2% to $166 Monday, steady after hours, as Nasdaq said its $25 billion CyberArk merger is tentatively set to close before the Feb. 11 open. CyberArk shares are expected to be halted after trading Tuesday. Barclays cut its Palo Alto price target but kept an overweight rating. Morgan Stanley called Palo Alto its “favorite” cybersecurity stock for AI exposure.