
CyberArk Completes Merger Into Palo Alto Networks and Prepares Nasdaq Delisting

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CyberArk Software has completed its merger with Palo Alto Networks, becoming a wholly owned subsidiary. Each CyberArk share was converted into Palo Alto stock and cash, leading to adjustments in equity awards and convertible notes. CyberArk will be delisted from Nasdaq and deregister from U.S. securities reporting. Analysts rate CYBR stock as a Hold with a price target of $425. Spark's AI Analyst gives CYBR a Neutral score, citing strong cash flow but concerns over net losses and leverage.
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