Palo Alto Networks Becomes First Company Valued at 1 Trillion Shekels on Tel Aviv Stock Exchange
Summarized from Ynetnews by baba
The story in 6 lines · by baba
- Palo Alto Networks became the first company valued over 1 trillion shekels on the Tel Aviv Stock Exchange.
- The cybersecurity firm's market value now represents one-third of the exchange's total.
- The company's valuation is ten times that of the second-ranked Teva Pharmaceutical Industries.
- Palo Alto Networks is dual-listed on TASE and Nasdaq since February 2026.
- Recent growth is partly due to the $25 billion acquisition of CyberArk.
- El Al and Israir shares also saw continued gains.
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