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Events / Palo Alto Networks Dual Lists on TASE
Business Dual listing

Palo Alto Networks Dual Lists on TASE

Analysis based on 8 articles · First reported Feb 11, 2026 · Last updated Feb 13, 2026

Sentiment
60
Attention
4
Articles
8
Market Impact
Direct
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Market Impact

The dual listing of Palo Alto Networks on the Tel Aviv Stock Exchange, following its acquisition of CyberArk Software, is expected to positively impact the cybersecurity sector and the Israeli capital market. It provides local investors with direct access to Palo Alto Networks shares and strengthens Israel's tech ecosystem.

Cybersecurity Financial services Technology
Event Summary

Palo Alto Networks, a Nasdaq-listed cybersecurity firm, announced its dual listing on the Tel Aviv Stock Exchange (TASE) after completing its $25 billion acquisition of Israeli peer CyberArk Software. This strategic move will make Palo Alto Networks the largest company by market capitalization on the TASE, valued at $115 billion. The company plans to trade under the ticker symbol 'CYBR' in Tel Aviv. This dual listing is seen as a tribute to CyberArk Software's Israeli roots and a commitment to the local tech ecosystem, allowing Israeli institutional and retail investors easier access to Palo Alto Networks shares. The acquisition also bolsters Palo Alto Networks' Israeli R&D center, its largest outside of Silicon Valley, as CEO Nikesh Arora aims to build a comprehensive cybersecurity provider to meet rising AI-driven demand. The TASE welcomed the dual listing as a significant milestone for its capital market.

Key Actions
90 Palo Alto Networks closed acquisition of CyberArk Software
85 Palo Alto Networks announced dual listing on Tel Aviv Stock Exchange
80 CyberArk Software shareholders received cash and stock from Palo Alto Networks
70 Tel Aviv Stock Exchange welcomed dual listing of Palo Alto Networks
Entities Involved
stock
Palo Alto Networks
Palo Alto Networks is expanding its global presence and investor base by dual-listing on the Tel Aviv Stock Exchange. This move follows its significant acquisition of CyberArk Software, strengthening its Israeli R&D center and positioning it as the largest company by market capitalization on the TASE.
Importance 100 Sentiment 70
stock
CyberArk Software
CyberArk Software has been acquired by Palo Alto Networks for $25 billion, with its shareholders receiving cash and Palo Alto Networks common stock. Its Israeli roots and identity are being preserved as a cornerstone of Palo Alto Networks' global strategy, and its R&D center is being bolstered.
Importance 80 Sentiment 60
exch
Tel Aviv Stock Exchange
The Tel Aviv Stock Exchange welcomes Palo Alto Networks' dual listing, which marks a significant milestone for the Israeli capital market. This listing will provide local investors with streamlined access to Palo Alto Networks shares, enhancing the exchange's profile.
Importance 70 Sentiment 50
cnt
Israel
Israel's tech ecosystem benefits from Palo Alto Networks' commitment and integration into its economy through the dual listing and the bolstering of its R&D center. This strengthens Israel's position as a hub for cybersecurity innovation.
Importance 50 Sentiment 40
per
Nikesh Arora
Nikesh Arora, CEO of Palo Alto Networks, is driving the strategy to build a comprehensive cybersecurity provider by acquiring CyberArk Software and expanding the company's R&D capabilities to tap into rising AI-driven demand.
Importance 40 Sentiment 60
exch
Nasdaq
Palo Alto Networks shares are already traded on Nasdaq, and the dual listing on the Tel Aviv Stock Exchange expands its reach without diminishing its presence on Nasdaq.
Importance 20 Sentiment 0
stock
Check Point
Check Point, an Israeli rival, indicated its intention to remain solely traded on Nasdaq, contrasting with Palo Alto Networks' dual listing strategy.
Importance 10 Sentiment 0
Relationships
Palo Alto Networks related ↔ CyberArk Software
CyberArk Software related ↔ Palo Alto Networks
Check Point related ↔ Palo Alto Networks
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