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Ongoing Story· Day 30

Palo Alto Networks Stock Dips Despite Beating Earnings Expectations

6 developments

Israel National NewsEconomy

Palo Alto Networks Becomes First Company to Top NIS 1 Trillion Valuation on Tel Aviv Stock Exchange

By Israel National News

Summarized from Israel National News by baba

RightNeutral tone

English · Sole source

OriginalTel Aviv Stock Exchange makes history

The story in 5 lines · by baba

  • Palo Alto Networks reached over NIS 1 trillion valuation on TASE.
  • It is the first company in TASE history to hit this valuation.
  • The company now represents one-third of the TASE's total market value.
  • Its valuation is nearly 10 times that of second-ranked Teva Pharmaceuticals.
  • The surge is partly due to its $25 billion acquisition of CyberArk.
Palo Alto Networks Becomes First Company to Top NIS 1 Trillion Valuation on Tel Aviv Stock Exchange
Editorial illustration generated by baba News — not a photograph of the event.

Israel National News publishes in English. The key points are summarized above. Read Israel National News’s full report at the source below.

Read the original at Israel National News
Israel National NewsReligious · Beit El

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EconomyTopic

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Mentioned

Palo Alto NetworksTel Aviv Stock ExchangeCyberArkTeva PharmaceuticalsBank LeumiTel Aviv
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