Palo Alto Networks Market Cap Surpasses $1 Trillion Shekels for First Time
Translated & summarized from NEWSru Israel by baba
The story in 6 lines · by baba
- Palo Alto Networks' market cap exceeded one trillion shekels.
- The cybersecurity firm was founded by Israeli Nir Zuk.
- Its stock rose 2.3% on September 30 to $397.31.
- The company has a dual listing on NASDAQ and TASE.
- Palo Alto Networks acquired CyberArk for $21.1 billion.
- Israel hosts its largest R&D center outside Silicon Valley.
Palo Alto Networks, a leading global cybersecurity firm founded by Israeli Nir Zuk, has achieved a significant financial milestone, with its market capitalization exceeding one trillion Israeli shekels for the first time. The company's stock has seen substantial growth in recent weeks. On September 30, shares closed at $397.31 on NASDAQ, an increase of 2.3%, bringing the company's market value to approximately $320 billion, which translates to over one trillion shekels.
Palo Alto Networks has a dual listing on NASDAQ and the Tel Aviv Stock Exchange (TASE) since February 2026, with trading on TASE commencing on February 23. This makes Palo Alto Networks the largest company by market capitalization listed on the Israeli exchange.
Further bolstering its presence in Israel, Palo Alto Networks completed the acquisition of Israeli company CyberArk on February 11. The acquisition cost was $21.1 billion, according to Palo Alto Networks' financial reports, with CyberArk now operating as a wholly-owned subsidiary.
Founded in 2005 by Nir Zuk and partners, Palo Alto Networks is headquartered in Santa Clara, California. However, the company maintains its largest research and development center outside Silicon Valley in Israel.
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