Digital Checkmate: How Unit 8200 Subjugated the West
While the world watches the "useless steel" of aircraft carriers in the Strait of Hormuz, the real capitulation has already occurred within the servers. Israel does not hold America’s hand through lobbying; it holds it through code. Via the elite Unit 8200, Tel Aviv has installed its digital DNA into the very marrow of Western power.

1. The Architecture of Dependency
Giants like Palo Alto Networks, Check Point, and Wiz are not merely corporations—they are outposts of the Israeli intelligence elite. Washington has allowed its "nervous system" to be built by engineers trained in 8200. Today, the Pentagon and Wall Street cannot breathe without Israeli software. This is not a partnership; it is a digital occupation masked as cybersecurity.

2. Software Eats Iron
The iron in the Gulf is blind without its AI brain. Companies like Palantir and Israeli surveillance algorithms are the ones telling American weapons what to see. America has become a technological addict, and Israel is the sole dealer. The moment software became more vital than the shell, sovereignty ceased to exist.

3. The Silent Capitulation
The reason the West remains silent while Hormuz burns is simple: they dare not turn against the one who holds the "Master Key" to their networks. Palo Alto and 8200 are the digital noose that tightens every time autonomy is mentioned. Western dominance died physically this morning in Hormuz, but in the servers of Tel Aviv, it has been dead for a long time.

Double Top Breakout on 03 March 2026. GLTA

Palo Alto Networks and Global Partners Announce Secure by Design AI FactoriesMarch 2, 2026 12:12 AM
PR Newswire (US)

Unified ecosystem scales for sovereign AI by securing the physical and digital AI Factory foundationBARCELONA, Spain, March 2, 2026 /PRNewswire/ -- As global networks pivot to operating high-performance AI Factories, Palo Alto Networks (NASDAQ: PANW), the global AI cybersecurity leader, today announced an expanded security ecosystem designed to protect this new industrial backbone. At Mobile World Congress 2026, the company unveiled four collaborations with Nokia, U Mobile, Aeris, and Celerway that allow enterprises to scale for sovereign AI and secure the autonomous edge without compromising performance.Anand Oswal, Executive Vice President, Palo Alto Networks
"We are establishing the secure foundation for the AI economy through extensive ecosystem collaboration. By seamlessly integrating our AI-powered security services directly from the datacenter into the most vital 5G and IoT networks globally, we are ensuring the AI Factory is secure by design. These partnerships enable us to create a secure digital infrastructure capable of managing the multi-terabit throughput required for training AI models."Palo Alto Networks and Nokia are positioning their proven data center security to support the rise of European 'Gigafactories'. By combining Nokia's AI Data Center infrastructure with Palo Alto Networks industry leading AI platforms, customers can scale high-performance AI workloads while achieving their data sovereignty needs.Greg Dorai, Senior Vice President and General Manager, IP Networks, Nokia
"In the race to build the world's AI Factories, you cannot leave the door open at the infrastructure layer. Nokia and Palo Alto Networks jointly envision comprehensive architectural and operational frameworks that expand security solutions from the network layer to workloads. The validated architecture will allow our customers to build future-proof, sovereign data centers. We aren't just providing connectivity, we are protecting the physical and digital integrity of industrial digitization at scale."In addition, Palo Alto Networks is showcasing three additional partnerships at MWC Barcelona that extend security from the core infrastructure of telcos to deliver foundational resilience through a unified partner ecosystem:U Mobile: Real-Time Protection for Consumers and Businesses: Palo Alto Networks has signed an MoU with U Mobile, Malaysia's newest 5G network provider, to collaborate on a network-embedded Security-as-a-Service (SECaaS) solution to protect its customers from rising cybersecurity threats. By integrating Next-Generation Firewalls and AI-powered security directly into its 4G and 5G infrastructure, U Mobile looks to provide customers with proactive, built-in defense against digital risks.Aeris: Unified Visibility for Global IoT Fleets: Mission-critical industries such as healthcare, manufacturing, retail, and utilities will now benefit from the ability to scale AI and 5G initiatives globally while reducing the attack surface of the billions of devices feeding data into the AI Factory. By integrating Aeris IoT Watchtower with Prisma® SASE 5G, enterprises can apply data loss prevention and zero-trust policies to millions of wireless devices from a single point of control, closing the traditional security gap at the wireless edge.Celerway Communication: Enterprise Security Perimeter Extended to the Distributed Edge: First responders and remote teams will now benefit from data-center-class protection in the field. This integration with Celerway and Palo Alto Networks VM-Series Next-Generation Firewalls (NGFWs) enables mission-critical 5G edge devices to maintain a consistent, rigorous security posture and encrypted data integrity, even when operating in high-mobility or harsh environments far from the central hub.Learn more about how Palo Alto Networks is securing AI Factories.Follow Palo Alto Networks on X (formerly Twitter), LinkedIn, Facebook and Instagram. About Palo Alto Networks
Palo Alto Networks (NASDAQ: PANW), the global AI cybersecurity leader, protects our digital way of life with a comprehensive portfolio of cybersecurity solutions and platforms across Network, Cloud, Security Operations, AI and Identity. Trusted by 70,000+ customers and powered by Unit 42 threat intelligence, our AI-driven platforms eliminate complexity, empowering enterprises to modernize with confidence and securing the speed of innovation. Explore the future of security at www.paloaltonetworks.com.Palo Alto Networks, Cortex XSIAM, Prisma, and the Palo Alto Networks logo are registered trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.Forward-Looking Statements
This release contains forward-looking statements that involve risks, uncertainties and assumptions, including, without limitation, statements regarding the benefits, impact, or performance or potential benefits, impact or performance of our products and technologies or future products and technologies. These forward-looking statements are not guarantees of future performance, and there are a significant number of factors that could cause actual results to differ materially from statements made in this release. We identify certain important risks and uncertainties that could affect our results and performance in our most recent Annual Report on Form 10-K, our most recent Quarterly Report on Form 10-Q, and our other filings with the U.S. Securities and Exchange Commission from time-to-time, each of which are available on our website at investors.paloaltonetworks.com and on the SEC's website at www.sec.gov.  All forward-looking statements in this release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.





View original content to download multimedia:https://www.prnewswire.com/news-releases/palo-alto-networks-and-global-partners-announce-secure-by-design-ai-factories-302700637.htmlSOURCE Palo Alto Networks, Inc.

Original: Palo Alto Networks and Global Partners Announce Secure by Design AI Factories

CYBERSECURITY IS NOW INFRASTRUCTURE

The digital economy has become critical infrastructure.
Control over digital security increasingly determines operational continuity, economic stability, and national resilience.

Cyber attacks are no longer isolated IT events.
They are instruments of geopolitical competition, industrial espionage, and systemic disruption.

Within this structural shift, Palo Alto Networks represents more than a software vendor — it operates at the intersection of enterprise defense and national digital resilience.

Structural Demand, Not Cyclical Hype

Digital transformation is accelerating

AI expands the attack surface

Security budgets are becoming non-discretionary

Cyber defense is no longer optional — it is foundational.

Platform Economics

The market is consolidating around integrated security platforms.
Vendor consolidation increases customer stickiness, reduces operational complexity, and enhances lifetime value.

This is a long-duration economic model, not a short-term theme.

Investment Perspective

The thesis does not depend on isolated breaches.
It rests on systemic digital dependency.

The core question for capital markets is not whether demand will persist —
but which platforms will capture durable margins and convert structural demand into sustained free cash flow.

Cybersecurity has become a permanent layer of global infrastructure.
Capital allocation will increasingly reflect that reality.

AI tools already disrupting major tech business models
Anthropic’s new Claude Code and Claude Code Security tools triggered sharp declines in software, IT services, and cybersecurity stocks. Investors see this as direct revenue cannibalization. $PANW

Morgan Stanley sees mixed signals in AI disruption narrativeFebruary 20, 2026 10:56 AM
IH Market News
Analysts at Morgan Stanley say the rapid rollout of new artificial intelligence models poses “structural risks” to equity markets, but they also point to several “contradictory elements” within the broader AI-driven disruption story.Shares across the global software sector have come under pressure in recent weeks, as investors react to the launch of advanced AI tools capable of replicating or enhancing services traditionally offered by listed companies.The weakness has extended beyond software, affecting industries ranging from data analytics to logistics and real estate, amid concerns on Wall Street about the far-reaching implications of AI adoption.Since January 28, the tech-focused Nasdaq Composite has fallen more than 5%, while the so-called Magnificent Seven group of mega-cap technology stocks has dropped over 8%. Market heavyweights Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN) have declined 17% and 18%, respectively, amid questions about the returns on substantial hyperscaler investment in AI infrastructure.In a research note, analysts including Michael Wilson and Andrew Pauker highlighted what they described as “contradictory elements” in the prevailing AI narrative, particularly “in the sense that they all seem to be in focus at the same time.”“For instance, if AI is going to be highly disruptive and far-reaching in terms of its effectiveness, doesn’t that support the investment case for the infrastructure/compute enablers, especially since the market is broadly rewarding high capex/sales, cost of capital is contained, cost of compute is still elevated, and valuation has not expanded since ’23 for the mega cap enablers?” the analysts wrote.“Further, if AI adoption is likely to lead to more job loss, isn’t there a phase-in period where natural attrition isn’t replaced, efficiencies are realized and margins expand?”They added that near-term volatility may persist as the economic cycle enters what they termed a “weak seasonal window” and liquidity “remains tight.” However, they noted that a broadening of earnings growth is supporting capital rotation into cyclical stocks.Given this backdrop, the analysts expressed a preference for the S&P 600 Small Cap Index over the Russell 2000, arguing that it offers higher quality exposure and less sensitivity to speculative growth segments. They also favor large-cap healthcare stocks as a form of “defensive exposure” against potential market swings.On a stock-specific basis, the team sees “attractive entry points” in software names such as Palo Alto Networks (NASDAQ:PANW) and Intuit (NASDAQ:INTU), alongside business services and real estate-related firms including S&P Global, TransUnion, and CBRE Group.Microsoft stock priceAmazon stock price

Original: Morgan Stanley sees mixed signals in AI disruption narrative

Palo Alto Networks Announces Offer to Purchase Relating to CyberArk Software Ltd.'s 0.00% Convertible Senior Notes due 2030February 19, 2026 4:15 PM
PR Newswire (US)

SANTA CLARA, Calif., Feb. 19, 2026 /PRNewswire/ -- Today, Palo Alto Networks, Inc. (NASDAQ: PANW) ("Palo Alto Networks") announced that, in connection with the closing of the transaction (the "Acquisition") contemplated by the Agreement and Plan of Merger, dated as of July 30, 2025, by and among Palo Alto Networks, CyberArk Software Ltd., a company organized under the laws of the State of Israel ("CyberArk"), and Athens Strategies Ltd., a company organized under the laws of the State of Israel, Palo Alto Networks has made an offer to purchase (the "Offer to Purchase") for cash, any and all of CyberArk's 0.00% Convertible Senior Notes due 2030 (the "Notes").Palo Alto Networks is making the Offer to Purchase in satisfaction of CyberArk's obligations related to such Notes in accordance with the Indenture, dated as of June 10, 2025 (the "Base Indenture"), among CyberArk and U.S. Bank Trust Company, National Association, as trustee (the "Trustee") and the First Supplemental Indenture, dated as of February 11, 2026 (the "Supplemental Indenture," and the Base Indenture, as amended, supplemented or otherwise modified from time to time, including by the Supplemental Indenture, the "Indenture"), among the Palo Alto Networks, CyberArk and the Trustee, as a result of the occurrence of the Fundamental Change (as defined in the Indenture) and Make-Whole Fundamental Change (as defined in the Indenture) that occurred as a result of the consummation of the Acquisition.The Acquisition closed on, and therefore the Effective Date (as defined in the Indenture) of the Make-Whole Fundamental Change (as defined in the Indenture) was, February 11, 2026. In connection with the Fundamental Change, and as more fully described in the Offer to Purchase, on or before 5:00 p.m., New York City time, on March 20, 2026, each holder of Notes shall, subject to certain conditions, have the right to require the repurchase of all of such holder's Notes, or any portion of the principal amount thereof that is equal to $100,000 or an integral multiple of $100,000 in excess thereof, on March 24, 2026 (the "Fundamental Change Repurchase Date") at a repurchase price equal to 100% of the principal amount of such Notes or such portion of the principal amount of Notes, as applicable, plus any accrued and unpaid Special Interest (as defined in the Indenture) thereon from February 11, 2026 to, but excluding, the Fundamental Change Repurchase Date. As more fully described in the Offer to Purchase, as a result of the Make-Whole Fundamental Change, all or any portion of a holder's Notes may be surrendered for conversion at any time from or after the Effective Date until March 20, 2026, which is the second business day immediately prior to the Fundamental Change Repurchase Date (the "Make-Whole Conversion Period"), at an increased conversion rate. Holders who tender all or part of their Notes in accordance with the Offer to Purchase may not surrender such Notes for conversion unless they validly withdraw their Notes from the tender in accordance with the Offer to Purchase.If a holder does not convert its Notes during the Make-Whole Conversion Period and thus does not convert its Notes "in connection with" a Make-Whole Fundamental Change, such holder may convert its Notes during certain periods and upon the occurrence of certain conditions specified in the Indenture until the close of business on June 13, 2030, the second scheduled trading day immediately preceding the maturity date. Holders of Notes should read carefully the Offer to Purchase regarding their conversion rights in connection with the Make-Whole Fundamental Change and their rights to require the repurchase of their Notes, as it contains important information as to the procedures and timing for the exercise of such rights.About Palo Alto NetworksPalo Alto Networks (NASDAQ: PANW), the global AI cybersecurity leader, protects our digital way of life with a comprehensive portfolio of cybersecurity solutions and platforms across Network, Cloud, Security Operations, AI and Identity. Trusted by 70,000+ customers and powered by Unit 42 threat intelligence, our AI-driven platforms eliminate complexity, empowering enterprises to modernize with confidence and securing the speed of innovation. Explore the future of security at www.paloaltonetworks.com.Palo Alto Networks and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States or in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. Any unreleased services or features (and any services or features not generally available to customers) referenced in this or other press releases or public statements are not currently available (or are not yet generally available to customers) and may not be delivered when expected or at all. Customers who purchase Palo Alto Networks applications should make their purchase decisions based on services and features currently generally available.Forward-Looking StatementsThis press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current facts made in this press release may be forward-looking. We use words such as "anticipates," "believes," "continue," "estimate," "expects," "future," "intends," "may," "plan," and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements reflect management's current expectations and are inherently uncertain. Actual results could differ materially for a variety of reasons.There are a significant number of factors that could cause actual results to differ materially from forward-looking statements made or implied in this press release, including:  Palo Alto Networks' ability to successfully integrate CyberArk's businesses and technologies; the risk that the expected benefits and synergies of the transaction may not be fully achieved in a timely manner, or at all; the risk that Palo Alto Networks or CyberArk will be unable to retain and hire key personnel; significant and/or unanticipated difficulties, liabilities or expenditures relating to the integration of CyberArk into Palo Alto Networks; the effect of the completion of the transaction on the parties' business relationships and business operations generally; the effect of the completion of the transaction on Palo Alto Networks' common share price and uncertainty as to the long-term value of Palo Alto Networks' common shares; risks related to disruption of management time from ongoing business operations due to the integration efforts required for the transaction; developments and changes in general or worldwide market, geopolitical, economic, and business conditions; failure of Palo Alto Networks' platformization product offerings; failure to achieve the expected benefits of Palo Alto Networks' strategic partnerships and acquisitions; changes in the fair value of Palo Alto Networks' contingent consideration liability associated with acquisitions; risks associated with managing Palo Alto Networks' growth; risks associated with new product, subscription and support offerings, including product offerings that leverage AI; shifts in priorities or delays in the development or release of new product or subscription or other offerings, or the failure to timely develop and achieve market acceptance of new products and subscriptions as well as existing products, subscriptions and support offerings; failure of Palo Alto Networks' business strategies; rapidly evolving technological developments in the market for security products, subscriptions and support offerings; defects, errors, or vulnerabilities in our products, subscriptions or support offerings; Palo Alto Networks' customers' purchasing decisions and the length of sales cycles; Palo Alto Networks' competition and the expanded scope of its competitors as a result of completing the CyberArk transaction; Palo Alto Networks' ability to attract and retain new customers; Palo Alto Networks' ability to acquire and integrate other companies, products, or technologies in a successful manner; Palo Alto Networks' share repurchase program, which may not be fully consummated or enhance shareholder value, and any share repurchases which could affect the price of its common stock; and Palo Alto Networks' debt repayment obligations.For additional risks and uncertainties on these and other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to Palo Alto Networks' periodic reports and other filings with the Securities and Exchange Commission"", including the risk factors contained in Palo Alto Networks' most recent annual report on Form 10-K and periodic quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on current beliefs and information available to management as of the date hereof, and Palo Alto Networks does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.Other Important InformationThis communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell securities, nor is it a substitute for the tender offer materials that Palo Alto Networks has filed with the SEC. THE TENDER OFFER MATERIALS (INCLUDING THE OFFER TO PURCHASE) CONTAIN IMPORTANT INFORMATION. HOLDERS OF NOTES ARE URGED TO READ THESE DOCUMENTS (AS THEY MAY BE AMENDED FROM TIME TO TIME) CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF NOTES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING THE TENDER OFFER. The Offer to Purchase is available to all holders of the Notes at no expense to them. The tender offer materials are available for free at the SEC's website at www.sec.gov. Additional copies may be obtained for free by contacting Palo Alto Network's Corporate Secretary at 3000 Tannery Way, Santa Clara, California 95054, or (408) 753-4000.





View original content to download multimedia:https://www.prnewswire.com/news-releases/palo-alto-networks-announces-offer-to-purchase-relating-to-cyberark-software-ltds-0-00-convertible-senior-notes-due-2030--302693019.htmlSOURCE Palo Alto Networks, Inc.

Original: Palo Alto Networks Announces Offer to Purchase Relating to CyberArk Software Ltd.'s 0.00% Convertible Senior Notes due 2030

Double Bottom Breakdown on 18 Feb 2026. BLTA

Palo Alto Networks Falls in Premarket Trade After Weaker Annual Profit OutlookFebruary 18, 2026 5:21 AM
IH Market News
Palo Alto Networks (NASDAQ:PANW) shares dropped in U.S. premarket trading after the cybersecurity firm posted quarterly results that topped expectations but issued a softer-than-forecast earnings outlook for the year ahead.Based in Santa Clara, California, Palo Alto provides AI-powered cybersecurity platforms designed to safeguard networks and cloud environments. Its offerings include firewalls, threat intelligence, zero-trust network security, and secure access service edge (SASE) solutions.According to the company, nine of the Fortune 10 firms are among its clients, along with eight of the 10 largest U.S. banks and six of the world’s 10 biggest oil and gas companies.In its fiscal second quarter, Palo Alto reported earnings of $1.03 per share on revenue of $2.59 billion, exceeding analyst estimates of $0.94 per share on revenue of $2.58 billion.“We saw continued strength in platformizations, a trend that is accelerating due to AI – customers are keen to both modernize and normalize their cybersecurity stack, aligning them to our approach. We also saw steady and strong adoption of AI security, which we expect will be a long term trend,” Palo Alto CEO Nikesh Arora said in a statement.However, the company revised its fiscal 2026 full-year earnings guidance to a range of $3.65 to $3.70 per share, down from a prior outlook of $3.80 to $3.90. The consensus estimate stood at $3.87.Full-year revenue is now projected between $11.28 billion and $11.31 billion, compared with an earlier forecast of $10.50 billion to $10.54 billion, and above market expectations.For the current quarter, Palo Alto expects earnings of $0.78 to $0.80 per share on revenue of $2.941 billion to $2.945 billion. Analysts had been forecasting earnings of $0.92 per share on revenue of $2.61 billion.“[W]e expect AI revenues to inflect meaningfully in revenues over the next two years,” analysts at BofA Securities said in a statement. “Even in a more extreme scenario where AI materially reshapes the security landscape, meaningful disruption remains unlikely in the near term as [large language models] lack the precision needed to displace core security controls.”Palo Alto stock price

Original: Palo Alto Networks Falls in Premarket Trade After Weaker Annual Profit Outlook

Fed Minutes in Focus; Palo Alto Networks Slides – Key Market Drivers: Dow Jones, S&P, Nasdaq, Wall Street FuturesFebruary 18, 2026 4:40 AM
IH Market News
U.S. equity futures edged higher early Wednesday as investors prepared for the release of the Federal Reserve’s January meeting minutes and digested fresh corporate developments. Shares of cybersecurity firm Palo Alto Networks (NASDAQ:PANW) declined after issuing weaker-than-expected profit guidance. Meanwhile, Warren Buffett’s final quarter leading Berkshire Hathaway (NYSE:BRK.B) featured notable portfolio shifts, including trims to major tech and banking holdings.



Futures point upward



As of 02:43 ET, Dow futures were up 55 points, or 0.1%. S&P 500 futures gained 12 points, or 0.2%, while Nasdaq 100 futures dipped 35 points, or 0.1%.Wall Street’s main indices finished higher in the previous session, supported by a modest rebound in technology stocks that had recently come under pressure. Advances in Nvidia (NASDAQ:NVDA) and Apple (NASDAQ:AAPL) helped offset weakness in Microsoft (NASDAQ:MSFT) and Oracle (NYSE:ORCL), lifting the S&P 500 information technology sector by 0.5%.Despite the recovery, uncertainty persists around the tech sector’s outlook following the launch of new artificial intelligence tools. Some investors worry that emerging AI models could disrupt industries ranging from software and financial services to real estate and logistics.Questions also remain about when heavy investments in AI-focused data centers will begin delivering meaningful returns. Large-cap tech firms have committed significant capital to infrastructure supporting AI chips, raising concerns about profitability timelines.“Tech investors remain traumatized by the volatility of the last several weeks and the shifting AI conversation, although there is growing anticipation for Nvidia’s earnings report next week (which most people expect will be strong) while software is still firmly in the penalty box despite the extremely oversold price action,” analysts at Vital Knowledge wrote.



Fed minutes awaited



The minutes from the Federal Reserve’s January policy meeting, due later Wednesday, are expected to offer further clarity on the central bank’s rate trajectory.At that meeting, two policymakers—Stephen Miran and Christopher Waller—dissented from the decision to keep rates unchanged, marking a pause in the rate-cut cycle that began in mid-2024.Officials cited signs of a steady labor market and inflation that, while still above target, appears to be stabilizing as justification for maintaining rates within the 3.5% to 3.75% range.Markets broadly anticipate the Fed will hold rates steady at least through June, adopting a cautious approach as it monitors employment and price trends.Chair Jerome Powell is nearing the conclusion of his tenure at the central bank. Former Fed Governor Kevin Warsh has been nominated by President Donald Trump as Powell’s successor, prompting speculation about potential shifts in monetary policy direction under new leadership.



Oil edges higher on US–Iran diplomacy



Oil prices rose modestly after falling nearly 2% in the prior session, as progress in U.S.–Iran nuclear talks reduced fears of supply disruptions.By 02:58 ET, Brent crude futures for April delivery were up 0.3% at $67.61 per barrel, while West Texas Intermediate (WTI) futures gained 0.2% to $62.40 per barrel.Brent had dropped close to 2% on Tuesday, with WTI down 1%.Reports indicated that Washington and Tehran reached agreement on key “guiding principles” during discussions in Switzerland, boosting hopes for a deal that could eventually allow additional Iranian crude to enter global markets.However, Iran’s foreign minister emphasized that the understanding does not mean a comprehensive agreement is imminent.Energy markets are closely monitoring the talks, given Iran’s role as a significant oil producer and its strategic location along the Strait of Hormuz, a critical transit route for roughly 20% of global oil consumption.



Palo Alto Networks tumbles on outlook



Shares of Palo Alto Networks (NASDAQ:PANW) fell in after-hours trading despite the company exceeding quarterly earnings and revenue expectations, as its updated profit outlook disappointed investors.The Santa Clara-based cybersecurity company reported fiscal second-quarter earnings of $1.03 per share on revenue of $2.59 billion, surpassing analyst projections of $0.94 per share on $2.58 billion in revenue.However, the company lowered its fiscal 2026 earnings per share forecast to a range of $3.65 to $3.70, down from a prior estimate of $3.80 to $3.90. The consensus expectation had been $3.87.Full-year revenue is now projected between $11.28 billion and $11.31 billion, above the previous outlook of $10.50 billion to $10.54 billion and exceeding market expectations.



Berkshire adjusts portfolio in Buffett’s final quarter



Berkshire Hathaway (NYSE:BRK.B) reduced its stakes in Apple and Bank of America (NYSE:BAC) while initiating a new position in New York Times (NYSE:NYT) during Warren Buffett’s last quarter as CEO.A regulatory filing revealed that the conglomerate sold approximately 10.3 million Apple shares in the quarter ended December 31, marking the third straight quarter of reductions in its holdings of the iPhone maker. Berkshire also trimmed its position in Bank of America by 50.8 million shares.At the same time, the company acquired about 5.1 million shares of New York Times, backing a firm that has expanded beyond traditional journalism into digital subscriptions, including games and recipe content.Buffett, 95, stepped down as chief executive at the end of 2025, handing leadership to his designated successor, Greg Abel. Abel is set to present his first shareholder letter later this month alongside Berkshire’s annual earnings report.Palo Alto stock priceBerkshire Hathaway stock priceNvidia stock priceApple stock priceMicrosoft stock priceOracle stock priceBank of America stock priceNew York Times stock price

Original: Fed Minutes in Focus; Palo Alto Networks Slides – Key Market Drivers: Dow Jones, S&P, Nasdaq, Wall Street Futures

AI Is Not the End — It Is a Catalyst for Palo Alto Networks

The claim that artificial intelligence represents a threat to Palo Alto Networks reflects a misunderstanding of the cybersecurity industry itself.

AI does not eliminate the need for security — it amplifies it.

Cyberattacks are becoming more sophisticated, automated, and scalable. That reality increases the demand for advanced, intelligent security platforms. Palo Alto Networks is not a passive observer of the AI revolution — it is an active integrator. The company is already embedding AI into threat detection, automated response systems, and real-time behavioral analytics.

Key facts:

Cybersecurity budgets are structural, not cyclical.

Large enterprises cannot afford security gaps.

AI increases the complexity of attacks — which increases demand for advanced defense solutions.

Vendor consolidation trends favor large, integrated security platforms.

The narrative that AI will “replace” cybersecurity companies ignores a fundamental market reality: infrastructure-level security is not optional — it is mandatory.

Short-term stock volatility does not change the long-term necessity for scalable, intelligent, and resilient security systems.

Investors should distinguish between:

emotionally driven online commentary
and

fundamental business reality.

AI is not the end of cybersecurity.
It is its next evolutionary stage.

Palo Alto Networks Reports Fiscal Second Quarter 2026 Financial ResultsFebruary 17, 2026 4:05 PM
PR Newswire (US)

Fiscal second quarter revenue grew 15% year over year to $2.6 billion.Next-Generation Security ARR grew 33% year over year to $6.3 billion.Remaining performance obligation grew 23% year over year to $16.0 billion.SANTA CLARA, Calif., Feb. 17, 2026 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today financial results for its fiscal second quarter 2026, ended January 31, 2026.Total revenue for the fiscal second quarter 2026 grew 15% year over year to $2.6 billion, compared with total revenue of $2.3 billion for the fiscal second quarter 2025. GAAP net income for the fiscal second quarter 2026 was $432 million, or $0.61 per diluted share, compared with GAAP net income of $267 million, or $0.38 per diluted share, for the fiscal second quarter 2025.Non-GAAP net income for the fiscal second quarter 2026 was $732 million, or $1.03 per diluted share, compared with non-GAAP net income of $566 million, or $0.81 per diluted share, for the fiscal second quarter 2025. A reconciliation between GAAP and non-GAAP information is contained in the tables below."We saw continued strength in platformizations, a trend that is accelerating due to AI - customers are keen to both modernize and normalize their cybersecurity stack, aligning them to our approach. We also saw steady and strong adoption of AI security, which we expect will be a long term trend," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "We are excited to welcome the employees of Chronosphere and CyberArk to help us drive our growth in the future.""We once again delivered strong top-line growth, complimented by operating efficiency, with our third straight quarter of 30%-plus non-GAAP operating margins," said Dipak Golechha, chief financial officer of Palo Alto Networks. "We are deploying the same playbook of operational excellence that has guided Palo Alto Networks the last several years across CyberArk and Chronosphere, and look forward to driving significant integration value post-close."Financial OutlookPalo Alto Networks provides guidance based on current market conditions and expectations.For the fiscal third quarter 2026, we expect:Next-Generation Security ARR of $7.94 billion to $7.96 billion, representing year-over-year growth of 56%.Remaining performance obligation of $17.85 billion to $17.95 billion, representing year-over-year growth of between 32% and 33%.Total revenue in the range of $2.941 billion to $2.945 billion, representing year-over-year growth of between 28% and 29%.Diluted non-GAAP net income per share in the range of $0.78 to $0.80, using 812 million to 817 million shares outstanding.For the fiscal year 2026, we expect:Next-Generation Security ARR of $8.52 billion to $8.62 billion, representing year-over-year growth of between 53% and 54%.Remaining performance obligation of $20.2 billion to $20.3 billion, representing year-over-year growth of 28%.Total revenue in the range of $11.28 billion to $11.31 billion, representing year-over-year growth of 22% to 23%.Non-GAAP operating margin in the range of 28.5% to 29.0%.Diluted non-GAAP net income per share in the range of $3.65 to $3.70, using 768 million to 773 million shares outstanding.Adjusted free cash flow margin of 37%.Guidance for non-GAAP financial measures excludes share-based compensation-related charges, including share-based payroll tax expense, acquisition-related costs, including change in fair value of contingent consideration liability, amortization expense of acquired intangible assets, litigation-related charges, non-cash charges related to convertible notes, and income tax and other tax adjustments related to our long-term non-GAAP effective tax rate, along with certain non-recurring expenses and certain non-recurring cash flows. We have not reconciled non-GAAP operating margin guidance to GAAP operating margin, diluted non-GAAP net income per share guidance to GAAP net income per diluted share, or adjusted free cash flow margin guidance to GAAP net cash from operating activities because we do not provide guidance on GAAP operating margin, GAAP net income or net cash from operating activities and would not be able to present the various reconciling cash and non-cash items between GAAP and non-GAAP financial measures because certain items that impact these measures are uncertain or out of our control, or cannot be reasonably predicted, including share-based compensation expense, without unreasonable effort. The actual amounts of such reconciling items will have a significant impact on the company's GAAP net income per diluted share and GAAP net cash from operating activities.Earnings Call InformationPalo Alto Networks will host a video webcast for analysts and investors to discuss the company's fiscal second quarter 2026 results as well as the outlook for its fiscal second quarter and fiscal year 2026 today at 4:30 p.m. Eastern time/1:30 p.m. Pacific time. Open to the public, investors may access the webcast, supplemental financial information and earnings slides from the "Investors" section of the company's website at investors.paloaltonetworks.com. A replay will be available three hours after the conclusion of the webcast and archived for one year.Forward-Looking StatementsThis press release contains forward-looking statements that involve risks, uncertainties and assumptions including statements regarding our platformization strategy and financial outlook for the fiscal third quarter 2026 and fiscal year 2026. There are a significant number of factors that could cause actual results to differ materially from forward-looking statements made or implied in this press release, including: developments and changes in general market, political, economic, and business conditions; failure of our platformization product offerings; failure to achieve the expected benefits of our strategic partnerships and acquisitions; changes in the fair value of our contingent consideration liability associated with acquisitions; our ability to successfully integrate the businesses, operations and technologies of companies and businesses that we acquire; the risk that the expected benefits and synergies of our acquisitions may not be fully achieved in a timely manner, or at all; the risk that we will be unable to retain and hire key personnel; significant and/or unanticipated difficulties, liabilities, or expenditures related to our acquisitions; the effect of the announcement, pendency or completion of acquisitions on our (including the companies that we acquire) business relationships and business operations generally; the effect of our acquisitions on our common share price and uncertainty as to the long-term value of our common stock; risks related to disruption of management time from ongoing business operations due to our acquisitions; risks associated with managing our growth; risks associated with new product, subscription and support offerings, including our product offerings that leverage AI and the expansion of our offerings into the identity security and observability spaces; shifts in priorities or delays in the development or release of new product or subscription or other offerings, or the failure to timely develop and achieve market acceptance of new products and subscriptions as well as existing products, subscriptions and support offerings; failure of our business strategies; rapidly evolving technological developments in the market for security products, subscriptions and support offerings; defects, errors, or vulnerabilities in our products, subscriptions or support offerings; our customers' purchasing decisions and the length of sales cycles; our competition; our ability to attract and retain new customers; our ability to acquire and integrate other companies, products, or technologies in a successful manner; our debt repayment obligations; and our share repurchase program, which may not be fully consummated or enhance shareholder value, and any share repurchases which could affect the price of our common stock.For additional risks and uncertainties on these and other factors that could affect our financial results and cause actual results to differ materially from those described in the forward-looking statements we make in this press release are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in our Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (SEC) on November 20, 2025, which is available on our website at investors.paloaltonetworks.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other documents that we file with or furnish to the SEC from time to time. All forward-looking statements in this press release are based on our current beliefs and information available to management as of the date hereof and are inherently uncertain, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.Non-GAAP Financial Measures and Other Key MetricsPalo Alto Networks has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). The company uses these non-GAAP financial measures and other key metrics internally in analyzing its financial results and believes that the use of these non-GAAP financial measures and key metrics are helpful to investors as an additional tool to evaluate ongoing operating results and trends, and in comparing the company's financial results with other companies in its industry, many of which present similar non-GAAP financial measures or key metrics.The presentation of these non-GAAP financial measures and key metrics are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with the company's consolidated financial statements prepared in accordance with GAAP. A reconciliation of the company's historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations.Non-GAAP operating margin. Palo Alto Networks defines non-GAAP operating margin as non-GAAP operating income divided by total revenue. The company defines non-GAAP operating income as operating income plus share-based compensation-related charges, including share-based payroll tax expense, acquisition-related costs, including change in fair value of contingent consideration liability, amortization expense of acquired intangible assets, and litigation-related charges. The company believes that non-GAAP operating margin provides management and investors with greater visibility into the underlying performance of the company's core business operating results.Non-GAAP net income and net income per share, diluted. Palo Alto Networks defines non-GAAP net income as net income plus share-based compensation-related charges, including share-based payroll tax expense, acquisition-related costs, including change in fair value of contingent consideration liability, amortization expense of acquired intangible assets, litigation-related charges, and non-cash charges related to convertible notes. The company also excludes from non-GAAP net income tax adjustments related to our long-term non-GAAP effective tax rate in order to provide a complete picture of the company's recurring core business operating results. The company defines non-GAAP net income per share, diluted, as non-GAAP net income divided by the weighted-average diluted shares outstanding, which includes the potentially dilutive effect of the company's employee equity incentive plan awards and the company's convertible senior notes and related warrants, after giving effect to the anti-dilutive impact of the company's note hedge agreements, which reduced the potential economic dilution that otherwise would have occurred in connection with the conversion and settlement of the company's convertible senior notes. Under GAAP, the anti-dilutive impact of the note hedge is not reflected in diluted shares outstanding. The company considers these non-GAAP financial measures to be useful metrics for management and investors for the same reasons that it uses non-GAAP operating margin.Next-Generation Security ARR. Palo Alto Networks defines Next-Generation Security ARR as the annualized allocated revenue of all active contracts as of the final day of the reporting period related to all product, subscription and support offerings, excluding revenue from hardware products, and legacy attached subscriptions, support offerings and professional services. The company considers Next-Generation Security ARR to be a useful operating metric for management and investors to assess the performance of the company because Next-Generation Security is where the company has focused its innovation and the company expects its overall revenue to be disproportionately driven by this Next-Generation Security portfolio. Because Next-Generation Security ARR does not have the effect of providing a numerical measure that is different from any comparable GAAP measure, the company does not consider it a non-GAAP measure.Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures and key metrics as analytical tools. Many of the adjustments to the company's GAAP financial measures reflect the exclusion of items that are recurring and will be reflected in the company's financial results for the foreseeable future, such as share-based compensation, which is an important part of Palo Alto Networks employees' compensation and impacts their performance. Furthermore, these non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP, and the components that Palo Alto Networks excludes in its calculation of non-GAAP financial measures may differ from the components that its peer companies exclude when they report their non-GAAP results of operations. Palo Alto Networks compensates for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures. In the future, the company may also exclude non-recurring expenses and other expenses that do not reflect the company's core business operating results.About Palo Alto Networks
Palo Alto Networks (NASDAQ: PANW), the global AI cybersecurity leader, protects our digital way of life with a comprehensive portfolio of cybersecurity solutions and platforms across Network, Cloud, Security Operations, AI and Identity. Trusted by over 70,000 customers and powered by Unit 42® threat intelligence, our AI-driven platforms eliminate complexity, empowering enterprises to modernize with confidence and securing the speed of innovation. Explore the future of security at www.paloaltonetworks.com.Palo Alto Networks and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States or in certain jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. Any unreleased services or features (and any services or features not generally available to customers) referenced in this or other press releases or public statements are not currently available (or are not yet generally available to customers) and may not be delivered when expected or at all. Customers who purchase Palo Alto Networks applications should make their purchase decisions based on services and features currently generally available.Palo Alto Networks, Inc.Preliminary Condensed Consolidated Statements of Operations(In millions, except per share data)(Unaudited)








Three Months Ended
Six Months Ended
January 31,
January 31,
2026
2025
2026
2025Revenue:






Product$                 514
$                 421
$                 948
$                 775Subscription and support2,080
1,836
4,120
3,621Total revenue2,594
2,257
5,068
4,396Cost of revenue:






Product115
101
204
176Subscription and support570
498
1,119
977Total cost of revenue685
599
1,323
1,153Total gross profit1,909
1,658
3,745
3,243Operating expenses:






Research and development511
505
1,039
986Sales and marketing823
758
1,643
1,478General and administrative178
154
357
252Total operating expenses1,512
1,417
3,039
2,716Operating income397
241
706
527Interest expense—
(1)
—
(2)Other income, net152
85
255
168Income before income taxes549
325
961
693Provision for income taxes117
58
195
75Net income$                 432
$                 267
$                 766
$                 618







Net income per share, basic$               0.61
$               0.41
$               1.10
$               0.94Net income per share, diluted$               0.61
$               0.38
$               1.07
$               0.87







Weighted-average shares used to compute net income per share, basic704
659
695
657Weighted-average shares used to compute net income per share, diluted711
709
713
709 Palo Alto Networks, Inc.Reconciliation of GAAP to Non-GAAP Financial Measures(In millions, except per share amounts)(Unaudited)
Three Months Ended
Six Months Ended
January 31,
January 31,
2026
2025
2026
2025







GAAP operating income$             397
$             241
$             706
$             527Share-based compensation-related charges321
344
708
659Acquisition-related costs(1)24
10
29
25Amortization expense of acquired intangible assets38
43
77
84Litigation-related charges(2)5
3
11
(38)Non-GAAP operating income$             785
$             641
$          1,531
$          1,257Non-GAAP operating margin30.3 %
28.4 %
30.2 %
28.6 %







GAAP net income$             432
$             267
$             766
$             618Share-based compensation-related charges321
344
708
659Acquisition-related costs(1)24
10
29
25Amortization expense of acquired intangible assets38
43
77
84Litigation-related charges(2)5
3
11
(38)Non-cash charges related to convertible notes(3)—
1
—
1Income tax and other tax adjustments(4)(88)
(102)
(197)
(238)Non-GAAP net income$             732
$             566
$          1,394
$          1,111







GAAP net income per share, diluted$            0.61
$            0.38
$            1.07
$            0.87Share-based compensation-related charges0.45
0.50
0.99
0.96Acquisition-related costs(1)0.03
0.01
0.04
0.03Amortization expense of acquired intangible assets0.05
0.06
0.11
0.12Litigation-related charges(2)0.01
0.00
0.02
(0.05)Non-cash charges related to convertible notes(3)0.00
0.00
0.00
0.00Income tax and other tax adjustments(4)(0.12)
(0.14)
(0.28)
(0.34)Non-GAAP net income per share, diluted$            1.03
$            0.81
$            1.95
$            1.59







GAAP weighted-average shares used to compute net income per share, diluted711
709
713
709Weighted-average anti-dilutive impact of note hedge agreements—
(9)
—
(10)Non-GAAP weighted-average shares used to compute net income per share, diluted711
700
713
699

(1)Consists of acquisition transaction costs, share-based compensation related to the cash settlement of certain equity awards, change in fair value of contingent consideration liability, and costs to terminate certain employment, operating lease, and other contracts of the acquired companies. During the three and six months ended January 31, 2026, it also includes integration costs related to our acquisition of CyberArk Software Ltd.(2)Consists of the amortization of intellectual property licenses and covenant not to sue, and legal contingency charges (credit). During the three and six months ended January 31, 2026, it also includes a litigation settlement charge.(3)Consists of non-cash interest expense for amortization of debt issuance costs related to the company's convertible senior notes.(4)Consists of income tax adjustments related to our long-term non-GAAP effective tax rate. Palo Alto Networks, Inc.Preliminary Condensed Consolidated Balance Sheets(In millions)

January 31, 2026
July 31, 2025
(unaudited)

Assets


Current assets:


Cash and cash equivalents$             4,158
$             2,269Short-term investments378
635Accounts receivable, net2,116
2,965Short-term financing receivables, net672
715Short-term deferred contract costs424
419Prepaid expenses and other current assets621
520Total current assets 8,369
7,523Property and equipment, net485
387Operating lease right-of-use assets368
347Long-term investments3,362
5,555Long-term financing receivables, net870
1,002Long-term deferred contract costs526
586Goodwill6,931
4,567Intangible assets, net1,249
763Deferred tax assets2,392
2,424Other assets427
422Total assets $           24,979
$           23,576Liabilities and stockholders' equity


Current liabilities:


Accounts payable $                 262
$                 232Accrued compensation562
608Accrued and other liabilities 937
846Deferred revenue6,248
6,302Total current liabilities 8,009
7,988Long-term deferred revenue6,181
6,450Deferred tax liabilities75
89Long-term operating lease liabilities372
338Other long-term liabilities949
887Total liabilities15,586
15,752Stockholders' equity:


Preferred stock—
—Common stock and additional paid-in capital6,097
5,292Accumulated other comprehensive income46
48Retained earnings3,250
2,484Total stockholders' equity9,393
7,824Total liabilities and stockholders' equity$           24,979
$           23,576  





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Original: Palo Alto Networks Reports Fiscal Second Quarter 2026 Financial Results

Palo Alto Networks Announces Intent to Acquire Koi to Secure the Agentic EndpointFebruary 17, 2026 8:14 AM
PR Newswire (US)

Eliminates the AI security gap by establishing Agentic Endpoint Security as the next frontier of enterprise risk reductionSANTA CLARA, Calif., Feb. 17, 2026 /PRNewswire/ -- As AI transforms workforce productivity, it has created a dangerous, unmanaged attack surface on every endpoint. These AI agents and tools—the "Agentic Endpoint"—operate with deep access to sensitive data, unrestricted permissions, and the ability to perform nearly any action, yet bypass traditional security controls. To close this gap, Palo Alto Networks® (NASDAQ: PANW) today announced it has entered into a definitive agreement to acquire Koi, the pioneer of Agentic Endpoint Security, giving enterprises the power to finally see and protect the AI-native ecosystem that defines modern work.







Palo Alto Networks® announced its intent to acquire Koi, the pioneer of Agentic Endpoint Security.The New Imperative: Agentic Endpoint Security
Traditional security was built to stop malicious files, but modern AI agents and tools can actively read, write, and move data. Attackers are chaining exploits in agent frameworks — from authentication bypass to API-based remote code execution — while spoofing agent identities and hijacking credentials to weaponize trusted automation. The endpoint attack surface is also evolving beyond traditional executables, with extensions, plugins, packages, scripts and model artifacts increasingly shaping endpoint behavior outside centralized oversight. Agents accelerate and operationalize this shift, compounding risk at machine speed. This rapid shift has created a critical new blind spot in traditional approaches to security, requiring a new category of protection: Agentic Endpoint Security.After the close of the acquisition, Koi's Agentic Endpoint Security will extend to Palo Alto Networks' Prisma AIRS™, its leading AI security platform. This integration will broaden coverage across critical AI-driven operations. Concurrently, it will enhance Cortex XDR®'s endpoint security solution providing significant visibility into the AI attack surface to improve security policy and malware prevention. This will ensure these critical capabilities are readily available to customers, allowing them to deploy agentic tools with confidence.Lee Klarich, Chief Product & Technology Officer, at Palo Alto Networks.
"AI agents and tools are the ultimate insiders. They have full access to your systems and data, but operate entirely outside the view of traditional security controls. By acquiring Koi, we will be closing this gap and setting a new standard for endpoint security. We will give our customers the visibility and control required to safely harness the power of AI—ensuring that every agent, plugin, and script is governed, verified, and secure."Amit Assaraf, CEO and Co-Founder of Koi.
"We founded Koi to secure the next frontier of risk. In an agentic-first world, traditional solutions are blind. Joining forces with Palo Alto Networks will allow us to scale our technology to the world's largest organizations, delivering protection that makes work on the modern AI-native endpoint secure by design."Learn more about our intent to acquire Koi here.Investor Call Details
Palo Alto Networks will provide further details regarding this announcement on its Q2 FY2026 earnings call, scheduled for February 17, 2026 at 1:30pm PT. A live video webcast of the call will be accessible from the Investors section of the Palo Alto Networks website at investors.paloaltonetworks.comFollow Palo Alto Networks on Twitter, LinkedIn, Facebook and Instagram.About Palo Alto Networks
Palo Alto Networks (NASDAQ: PANW), the global AI cybersecurity leader, protects our digital way of life with a comprehensive portfolio of cybersecurity solutions and platforms across Network, Cloud, Security Operations, AI and Identity. Trusted by over 70,000 customers and powered by Unit 42® threat intelligence, our AI-driven platforms eliminate complexity, empowering enterprises to modernize with confidence and securing the speed of innovation. Explore the future of security at www.paloaltonetworks.com.Forward-Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties, and assumptions, including, but not limited to, statements regarding the anticipated benefits and impact of the proposed acquisition of Koi on Palo Alto Networks, Koi and their customers. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including, but not limited to: the effect of the announcement of the proposed acquisition on the parties' commercial relationships and workforce; the ability to satisfy the conditions to the closing of the acquisition, including the receipt of required regulatory approvals; the ability to consummate the proposed acquisition on a timely basis or at all; significant and/or unanticipated difficulties, liabilities or expenditures relating to proposed transaction, risks related to disruption of management time from ongoing business operations due to the proposed acquisition and the ongoing integration of other recent acquisitions; our ability to effectively operate Koi's operations and business following the closing, integrate Koi's business and products into our products following the closing, and realize the anticipated synergies in the transaction in a timely manner or at all; changes in the fair value of our contingent consideration liability associated with acquisitions; developments and changes in general market, political, economic and business conditions; failure of our platformization product offerings; risks associated with managing our growth; risks associated with new product, subscription and support offerings; shifts in priorities or delays in the development or release of new product or subscription or other offerings or the failure to timely develop and achieve market acceptance of new products and subscriptions, as well as existing products, subscriptions and support offerings; failure of our product offerings or business strategies in general; defects, errors, or vulnerabilities in our products, subscriptions or support offerings; our customers' purchasing decisions and the length of sales cycles; our ability to attract and retain new customers; developments and changes in general market, political, economic, and business conditions; our competition; our ability to acquire and integrate other companies, products, or technologies in a successful manner; our debt repayment obligations; and our share repurchase program, which may not be fully consummated or enhance shareholder value, and any share repurchases which could affect the price of our common stock.Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Quarterly Report on Form 10-Q filed with the SEC on November 20, 2025, which is available on our website at investors.paloaltonetworks.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.



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Original: Palo Alto Networks Announces Intent to Acquire Koi to Secure the Agentic Endpoint

Unit 42 Report: AI and Attack Surface Complexity Fuel Majority of BreachesFebruary 17, 2026 6:00 AM
PR Newswire (US)

Adversaries leverage AI to accelerate attacks, exploiting identity weakness and enterprise complexitySANTA CLARA, Calif., Feb. 17, 2026 /PRNewswire/ -- The Unit 42 2026 Global Incident Response Report, released today by Palo Alto Networks (NASDAQ: PANW), reveals an era of accelerated attacks where AI, sprawling attack surfaces, and identity fuel the majority of breaches. Based on Unit 42® analysis of over 750 high-stakes incidents, adversaries are leveraging AI throughout the attack lifecycle, accelerating attack speeds by 4x over the past year. Enterprise complexity is working in the attackers' favor — identity weaknesses were exploited in 89% of investigations, while 87% of attacks involved multiple attack surfaces.Sam Rubin, SVP of Unit 42 Consulting & Threat Intelligence, Palo Alto Networks
"Enterprise complexity has become the adversary's greatest advantage. This risk is compounded as attackers increasingly target credentials, utilizing autonomous AI agents to bridge human and machine identities for independent action. To mitigate these threats, organizations must reduce complexity and move to a unified platform approach that relentlessly eliminates implicit trust."2026 Global Incident Response Report HighlightsAI bolsters attack speeds: As threat actors increasingly leverage AI and advanced automation, the time from initial access to data exfiltration has plummeted to just 72 minutes in the fastest attacks — a 4x increase in speed over the past year.Attack complexity is growing: 87% of attacks span two or more attack surfaces, blending activity across endpoints, cloud, SaaS platforms and identity systems. Unit 42 tracked activity across as many as 10 different fronts simultaneously.Identity drives initial access: 65% of initial access is driven by identity-based techniques, like social engineering and credential misuse, while vulnerabilities account for initial access in 22% of all attacks.The browser is a primary battleground: 48% of attacks involve the browser, reflecting how routine web sessions are weaponized to harvest credentials and bypass local controls.SaaS supply chain attacks increase: Attacks involving third-party SaaS applications have surged 3.8x since 2022, accounting for 23% of all attacks as threat actors abuse OAuth tokens and API keys for lateral movement.Bridging the Critical Gaps in Defense
Unit 42 links 90% of data breaches to misconfigurations or security gaps, with complexity, poor visibility and excessive trust acting as systemic attack enablers.To counter the collapse of the attack lifecycle, the report recommends that defenders move beyond traditional perimeter security and adopt a unified platform approach that:Moves at machine speed: Empower SOCs with AI and automation to detect and contain high-velocity attacks in minutes rather than hours.Secures the build pipeline: Embed security directly into the software and AI development lifecycle to block vulnerabilities before they reach the cloud.Modernizes identity defense: Centralize management of human, machine and agentic identities to close governance gaps and stop credential-based exploits.Protects the human interface: Use secure browser technology and active exposure management to defend the modern workspace and unmanaged devices.Eliminates implicit trust: Adopt zero trust to continuously verify every interaction, neutralizing an attacker's ability to move laterally.To download the full 2026 Unit 42 Global Incident Response Report and Executive Resource Kit, visit https://www.paloaltonetworks.com/resources/research/unit-42-incident-response-report.About Unit 42
Palo Alto Networks Unit 42 brings together world-renowned threat researchers, elite incident responders and expert security consultants to create an intelligence-driven, response-ready organization that's passionate about helping you proactively manage cyber risk. Together, our team serves as your trusted advisor to help assess and test your security controls against the right threats, transform your security strategy with a threat-informed approach, and respond to incidents in record time so that you get back to business faster. Visit paloaltonetworks.com/unit42.About Palo Alto Networks
Palo Alto Networks (NASDAQ: PANW), the global AI cybersecurity leader, protects our digital way of life with a comprehensive portfolio of cybersecurity solutions and platforms across Network, Cloud, Security Operations, AI and Identity. Trusted by over 70,000 customers and powered by Unit 42 threat intelligence, our AI-driven platforms eliminate complexity, empowering enterprises to modernize with confidence and securing the speed of innovation. Explore the future of security at www.paloaltonetworks.com.Palo Alto Networks, Unit 42, and the Palo Alto Networks logo are registered trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. 





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Original: Unit 42 Report: AI and Attack Surface Complexity Fuel Majority of Breaches

Palo Alto Networks Introduces MSIAM 2.0 with the Industry's Most Comprehensive Breach Response GuaranteeFebruary 17, 2026 6:00 AM
PR Newswire (US)

Closes the gap between attack speed and cyber resilience by combining
24/7 elite experts with a market-leading AI-driven SOC platform SANTA CLARA, Calif., Feb. 17, 2026 /PRNewswire/ -- As AI accelerates the speed of business, adversaries have followed, compressing attacks that once took weeks into minutes. Palo Alto Networks (NASDAQ: PANW), the global leader in cybersecurity, today announced Unit 42® Managed XSIAM 2.0 (MSIAM) to deliver enhanced cyber resilience outcomes for customers. This premier managed SOC service combines 24/7 expert-led monitoring with the Breach Response Guarantee, providing customers with 250 hours of elite incident response to enable operational continuity and mitigate the potential impact of a security incident.*Karim Temsamani, President, Next Generation Security, Palo Alto Networks 
"Security is measured in outcomes, not alerts. MSIAM 2.0 fuses the award-winning power of Cortex XSIAM with elite 24/7 proactive hunting and remediation to deliver total certainty. The Breach Response Guarantee is a testament to our absolute confidence in our platform and team. We don't just monitor the fight; we end it."Built on Cortex XSIAM®, the industry's leading AI-driven SOC platform, MSIAM 2.0 helps alleviate the industry's talent shortage by taking full ownership of security outcomes, as well as provides foundational business benefits, including:Immediate SOC maturity: Gain a global, best-in-class SOC on day one. Unit 42 handles the engineering, threat hunting and 24/7 optimization, solving the talent gap by extending your team with world-class expertise.Support for existing investments: Protect your organization with added support for third-party EDR alongside existing SOC tools. MSIAM provides immediate defense without migration friction, delivering a seamless path to future consolidation on Cortex XDR®.Guaranteed Breach Accountability: The industry's most comprehensive 250-hour IR guarantee mitigates the catastrophic cost of recovery, providing a safety net built on the fact that we stop attacks before they escalate.Craig Robinson, Research Vice President, Security Services, 
"Organizations that rely on isolated tools or traditional SOC models aren't set up for success in an era where cyberattacks span across every attack surface. To achieve true resilience, security leaders need more than just additional software; they need a strategic combination of technology and talent. The future of a successful cybersecurity posture demands managed security services that fuse AI-driven automation with seasoned human expertise to outadapt and outrespond modern adversaries."MSIAM 2.0 moves the industry from managing tools to delivering measurable outcomes. By taking full accountability for the entire threat lifecycle, the gap between attack and containment is eliminated — allowing customers to focus on driving growth rather than managing risk. MSIAM 2.0 is available today with additional managed offerings built on XSIAM that are also available from the Palo Alto Networks ecosystem of leading partners.To learn more, read the blog and join us virtually at Symphony 2026 on February 25 at 9 a.m. PT where Unit 42 and Cortex® experts will share frontline threat intelligence as well as real-world SOC transformation insights. Be sure to download the full 2026 Global Incident Response Report.About Unit 42
Palo Alto Networks Unit 42® brings together world-renowned threat researchers, elite incident responders, and expert security consultants to create an intelligence-driven, response-ready organization that's passionate about helping you proactively manage cyber risk. Together, our team serves as your trusted advisor to help assess and test your security controls against the right threats, transform your security strategy with a threat-informed approach, and respond to incidents in record time so that you get back to business faster. Visit paloaltonetworks.com/unit42.About Palo Alto Networks
Palo Alto Networks (NASDAQ: PANW), the global AI cybersecurity leader, protects our digital way of life with a comprehensive portfolio of cybersecurity solutions and platforms across Network, Cloud, Security Operations, AI and Identity. Trusted by over 70,000 customers and powered by Unit 42® threat intelligence, our AI-driven platforms eliminate complexity, empowering enterprises to modernize with confidence and securing the speed of innovation. Explore the future of security at www.paloaltonetworks.com.Palo Alto Networks, Cortex, Cortex XSIAM, Unit 42, and the Palo Alto Networks logo are registered trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.*For United States and Canadian public sector customers, these hours will be delivered via a 12-month Expertise on Demand Subscription, Level 9. 





View original content to download multimedia:https://www.prnewswire.com/news-releases/palo-alto-networks-introduces-msiam-2-0-with-the-industrys-most-comprehensive-breach-response-guarantee-302689264.htmlSOURCE Palo Alto Networks, Inc.

Original: Palo Alto Networks Introduces MSIAM 2.0 with the Industry's Most Comprehensive Breach Response Guarantee

U.S.-Iran talks loom; Palo Alto Networks earnings ahead – what’s driving markets: Dow Jones, S&P, Nasdaq, Wall Street FuturesFebruary 17, 2026 5:19 AM
IH Market News
U.S. equity futures fluctuated on Tuesday as investors looked ahead to fresh economic data and another round of corporate earnings. A continued rotation out of technology stocks and into more defensive sectors remains a key theme, amid renewed debate about the impact of artificial intelligence developments and heavy capital spending on long-term profitability. Meanwhile, Brent crude prices slipped before scheduled talks between Washington and Tehran in Switzerland, and gold prices also moved lower. In after-hours focus, cybersecurity firm Palo Alto Networks (NASDAQ:PANW) is set to report quarterly results.



Futures edge lower



By 03:04 ET, Dow futures were down 26 points, or 0.1%. S&P 500 futures had declined 11 points, or 0.2%, while Nasdaq 100 futures were off by 99 points, or 0.4%. U.S. markets were closed on Monday for a public holiday, shortening the trading week.Wall Street ended last Friday’s session mixed. Investors weighed concerns about how newly released AI models could disrupt multiple industries, while also questioning whether ongoing, substantial investment in AI infrastructure will translate into meaningful returns for large-cap technology companies.At the same time, traders digested data showing U.S. headline consumer price growth cooled more than expected in January. The report increased speculation that the Federal Reserve may bring forward its next interest rate cut, after pausing its easing cycle last month.Against this backdrop, the Nasdaq Composite slipped 0.2%, while the S&P 500 and Dow Jones Industrial Average posted modest gains.



Oil slips ahead of U.S.-Iran negotiations



Oil markets were subdued as attention turned to upcoming diplomatic discussions between U.S. and Iranian officials in Geneva.A firmer dollar ahead of key economic releases and Federal Reserve signals this week also weighed on crude prices.Brent crude futures for April delivery fell 0.7% to $68.13 per barrel. West Texas Intermediate futures rose 0.6% to $63.11 per barrel at 03:06 ET, with price action influenced by Monday’s U.S. holiday.Media reports indicated that ministers from the U.S. and Iran are scheduled to hold talks in Switzerland concerning Tehran’s nuclear enrichment program. The negotiations come at a time of elevated military tensions in the Middle East, with the U.S. increasing its regional presence. President Donald Trump has repeatedly warned of possible military action should Iran refuse to agree to U.S. terms.Trading volumes were also dampened by Lunar New Year holidays across several Asian markets, including China, Hong Kong, Taiwan, South Korea and Singapore.



Gold retreats



Precious metals pulled back as investors awaited upcoming U.S. economic indicators.At 03:09 ET, spot gold dropped 1.4% to $4,919.72 per ounce, while April gold futures declined 2.2% to $4,941.74 per ounce.Spot silver fell 2.0% to $75.0925 per ounce. Platinum edged up 0.2% to $2,024.79 per ounce.Recent sessions have seen volatile swings in metal prices, with gold and silver still trading below late-January highs.Market participants are now focused on a slate of U.S. data releases, including industrial production figures due Wednesday and the PCE price index — one of the Fed’s preferred inflation measures — scheduled for Friday. Minutes from the Fed’s January meeting, when policymakers kept rates steady at 3.5% to 3.75%, are also expected.



Palo Alto Networks in focus



Investors will be watching Palo Alto Networks’ results after Tuesday’s close for further insight into how technology firms are navigating intensified competition from newly introduced AI models.The California-based cybersecurity company raised its full-year revenue and profit outlook in November, citing heightened demand for digital security solutions amid rising cyber threats.It also unveiled a $3.35 billion acquisition of cloud management and monitoring firm Chronosphere, with plans to integrate the business into its Cortex AgentiX platform. The move is intended to allow Palo Alto’s AI-driven systems to leverage Chronosphere’s data to identify performance bottlenecks and diagnose underlying issues.Together with a separate acquisition of identity security company CyberArk Software, the Chronosphere transaction is expected to close in the second half of Palo Alto’s fiscal 2026.



Nikkei extends declines



Japan’s Nikkei index fell again, building on losses from Monday after figures showed weaker-than-expected economic growth in the fourth quarter.Official data revealed that Japan’s gross domestic product rose at an annualized rate of 0.2% in the October–December period, well below forecasts of 1.6%. Nonetheless, the reading marked an improvement from the third quarter, when the economy contracted by 2.6%.The data underscore the economic challenges facing Prime Minister Sanae Takaichi’s administration following its recent election victory. While the government has signaled intentions to pursue stimulus measures to bolster growth, persistent cost-of-living pressures continue to weigh on domestic demand.At the same time, the Bank of Japan faces its own balancing act, grappling with stubborn inflation and yen weakness. Policymakers have indicated they intend to continue gradually raising borrowing costs after years of ultra-loose monetary policy.Palo Alto stock price

Original: U.S.-Iran talks loom; Palo Alto Networks earnings ahead – what’s driving markets: Dow Jones, S&P, Nasdaq, Wall Street Futures

Five key themes for markets in the coming weekFebruary 16, 2026 9:35 AM
IH Market News
Investors are heading into a shortened U.S. trading week with a packed agenda. A slate of economic reports — spanning inflation and growth — will command attention, alongside minutes from the Federal Reserve’s latest meeting. On the corporate front, results from Walmart (NYSE:WMT) and Palo Alto Networks (NASDAQ:PANW) are set to draw particular scrutiny.



1. PCE inflation data



Inflation figures will remain central to market sentiment, with the monthly personal consumption expenditures (PCE) price index among the most closely watched releases.Economists expect the core PCE measure — the Federal Reserve’s preferred inflation gauge — to rise 0.3% month over month in December, up from 0.2% in November. On an annual basis, the Bureau of Economic Analysis is projected to report a reading of 3.0%, compared with 2.8% previously.Recent data showed that headline consumer price inflation in January increased at a slower pace than anticipated, reinforcing expectations that the Fed could begin cutting rates as early as June. That followed a surprisingly strong labor market report earlier in the week, which had fueled speculation that policymakers might delay further easing until the latter half of the year after multiple rate cuts in 2025.



2. GDP update



Markets will also digest a preliminary estimate of fourth-quarter U.S. economic growth, which is expected to show a cooling from the prior quarter.Analysts forecast that gross domestic product expanded at a 2.8% quarter-on-quarter annualized rate between October and December, easing from 4.4% growth in the third quarter.In the July-to-September period, consumer spending — a long-standing pillar of U.S. economic activity — remained a key driver. A narrowing trade deficit, partly linked to President Trump’s sweeping tariff measures, also supported expansion.Despite the headline strength, some analysts have described the recovery as “K”-shaped, arguing that wealthier households and large corporations have powered much of the growth. Lower-income Americans continue to grapple with high prices and softer hiring conditions, while small businesses face rising import costs and tighter labor supply tied to stricter immigration enforcement.Artificial intelligence is another looming factor. The rollout of new AI tools in recent weeks has unsettled shares across multiple sectors, underscoring investor concerns about potential disruption from the rapidly evolving technology.



3. Federal Reserve minutes



Against this backdrop, the Fed opted to keep its benchmark interest rate unchanged at its January meeting.Policymakers cited a stabilizing labor market and inflation that remains above target but steady as justification for maintaining rates within a 3.5% to 3.75% range.Officials are widely expected to hold at that level in the near term, adopting a cautious stance as they monitor developments in employment and price trends.Minutes from the meeting, due Wednesday, may offer additional clues about the central bank’s thinking. Notably, Governors Stephen Miran and Christopher Waller dissented from the decision to pause the rate-cutting cycle that began in mid-2025.Meanwhile, Fed Chair Jerome Powell is approaching the end of his term, which expires in May. President Trump has nominated former Fed Governor Kevin Warsh as his successor, prompting investors to assess how Warsh’s approach to monetary policy could differ from Powell’s.



4. Walmart earnings



Retail heavyweight Walmart will headline this week’s earnings calendar.The company’s shares have surged this year, lifting its market value above $1 trillion and cementing its position as the largest company in the consumer staples space.Given the central role of household spending in the U.S. economy, Walmart’s results — particularly during the critical holiday shopping season — may provide insight into consumer health. Its focus on value pricing for essentials could offer additional perspective on how shoppers are navigating ongoing economic pressures.The report may also set the tone ahead of earnings from peers such as Home Depot and Target in the weeks to come.



5. Palo Alto Networks results



Palo Alto Networks will report after U.S. markets close on Tuesday, offering a fresh read on technology firms contending with intensifying competition from emerging AI models.The cybersecurity group raised its full-year revenue and profit outlook in November, citing strong demand for its digital security solutions amid escalating cyber threats.The company also announced a $3.35 billion acquisition of cloud management and monitoring firm Chronosphere, with plans to integrate it into its Cortex AgentiX platform. The move would enable Palo Alto’s AI agents to leverage Chronosphere’s data to identify performance issues and pinpoint root causes.Alongside a separate agreement to acquire identity security specialist CyberArk Software, the Chronosphere deal is expected to close in the second half of Palo Alto’s fiscal 2026.Walmart stock pricePalo Alto stock price

Original: Five key themes for markets in the coming week

Holiday week brings fresh data, earnings and renewed U.S.–Iran talks to the fore: Dow Jones, S&P, Nasdaq, Wall Street FuturesFebruary 16, 2026 5:40 AM
IH Market News
Markets are heading into a shortened trading week packed with economic releases and major corporate earnings, while geopolitical developments between Washington and Tehran are keeping energy traders alert. Oil prices are holding in a narrow range ahead of new nuclear talks in Switzerland, Warner Bros. Discovery is reportedly reassessing a takeover proposal, and both gold and Bitcoin are under pressure.



U.S. markets shut for holiday



Wall Street is closed Monday for a public holiday, but investors are bracing for a busy schedule later in the week featuring key inflation data and high-profile earnings.On Friday, U.S. indices finished mixed. Traders weighed January inflation figures that showed price pressures easing more than expected, strengthening expectations that the Federal Reserve could bring forward its next rate cut to as early as June. Earlier in the week, however, a robust labor market report had fueled speculation that policymakers — who reduced rates several times in 2025 — might delay further easing until the second half of the year.The Nasdaq Composite remained under strain, reflecting persistent concerns about disruption in technology and communication services from the rapid development of new artificial intelligence models. Questions around competitive pressures and the timeline for returns on heavy AI infrastructure spending by mega-cap firms weighed on sentiment.Attention now shifts to Friday’s release of the U.S. personal consumption expenditures (PCE) price index for December, closely watched by Fed officials as a key inflation gauge. An advance estimate of fourth-quarter U.S. GDP is also due the same day.Earnings season continues, with results expected from companies including Walmart Inc. (NYSE:WMT), Palo Alto Networks (NASDAQ:PANW), Analog Devices (NASDAQ:ADI) and Booking Holdings (NASDAQ:BKNG).



Washington and Tehran to meet again



The U.S. and Iran are scheduled to hold a second round of nuclear negotiations in Switzerland this week, following renewed dialogue earlier in February.The diplomatic push comes alongside heightened tensions, with Washington deploying additional military assets to the Middle East and signaling readiness for further action should talks falter. President Donald Trump has repeatedly urged Tehran to accept an agreement or risk facing increased military pressure.Over the weekend, Iranian officials indicated a willingness to compromise on aspects of their nuclear program in exchange for relief from U.S. sanctions, adding that the next move rests with Washington.“[T]here is still a large risk premium priced into the market given the uncertainty over how the situation between the U.S. and Iran evolves,” analysts at ING said in a note.Oil markets were largely steady in European trading, with volumes dampened by holidays in China and the U.S. Weak Japanese growth data also raised concerns about global demand. Brent crude for April delivery was little changed at $67.72 per barrel.



Warner Bros. revisits takeover discussions – report



Separately, media reports suggest fresh developments in the ongoing takeover saga involving Warner Bros. Discovery (NASDAQ:WBD).According to Bloomberg, Warner Bros. is considering reopening negotiations with Paramount Skydance (NASDAQ:PSKY) after David Ellison’s group enhanced its hostile bid. Board members are reportedly evaluating whether Paramount’s proposal may be more attractive than an alternative offer from Netflix Inc. (NASDAQ:NFLX).Last week, Paramount pledged to increase the cash component payable to Warner Bros. shareholders for each quarter a deal remains unresolved in 2026 and to cover any penalties tied to breaking Warner’s current agreement with Netflix. However, the base offer of $30 per share was left unchanged.



Gold retreats



Gold prices slipped in European trading as the U.S. dollar stabilized following recent inflation data. Precious metals have been volatile in recent weeks, remaining below late-January highs.Spot gold declined 0.9% to $4,998.69 per ounce, while April gold futures fell 0.6% to $5,018.69. Although both gold and silver gained last week on dip-buying and dollar softness, geopolitical tensions have continued to support safe-haven demand.



Bitcoin extends slide



Bitcoin (COIN:BTCUSD) also moved lower, marking a fourth consecutive week of steep losses across cryptocurrency markets.The world’s largest digital asset retreated after briefly touching $70,000 over the weekend, falling 3.1% to $68,624.6. Bitcoin has now erased roughly half its value since reaching a record high near $126,000 in October.Meanwhile, Strategy (NASDAQ:MSTR), the largest corporate holder of Bitcoin, stated it could manage its debt obligations even if Bitcoin dropped as low as $8,000. In a social media post, the company said it can “withstand a drawdown in $BTC price to $8K and still have sufficient assets to fully cover our debt.”Strategy currently holds 714,644 Bitcoin, financed through a combination of equity issuance and long-term debt.Walmart stock pricePalo Alto stock priceAnalog Devices stock priceBooking Holdings stock priceWarner Brothers Discovery stock priceParamount Skydance stock priceNetflix stock price

Original: Holiday week brings fresh data, earnings and renewed U.S.–Iran talks to the fore: Dow Jones, S&P, Nasdaq, Wall Street Futures

/C O R R E C T I O N -- Palo Alto Networks, Inc./February 11, 2026 7:51 AM
PR Newswire (US)

In the news release, Palo Alto Networks Completes Acquisition of CyberArk to Secure the AI Era, issued 11-Feb-2026 by Palo Alto Networks, Inc. over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:
Palo Alto Networks Completes Acquisition of CyberArk to Secure the AI Era
Adds the leading platform that delivers unified security for human, machine and agentic identity.SANTA CLARA, Calif., Feb. 11, 2026 /PRNewswire/ -- Palo Alto Networks® (NASDAQ: PANW), the global cybersecurity leader, today announced the completion of its acquisition of CyberArk, establishing Identity Security as a core pillar of its platformization strategy. The addition of the CyberArk Identity Security Platform enables Palo Alto Networks to secure every identity across the enterprise - human, machine, and agentic.







Identity security has become foundational to protecting the modern enterprise. As organizations scale cloud, automation, and AI, identity has emerged as the primary attack path, driven by the rapid growth of human, machine, and AI identities operating continuously with elevated access. Machine identities now outnumber human identities by more than 80 to 1, while 75% of organizations acknowledge their human identities are governed by outdated, overly permissive privilege models. Attackers increasingly exploit identity weaknesses, making credential abuse and excessive privilege the dominant threat vectors. Nearly 90% of organizations have already suffered an identity-centric breach.The acquisition of CyberArk addresses this shift by extending privilege security controls beyond a narrow set of administrators to every identity across the enterprise. By democratizing privileged access across human, machine and AI identities, organizations can reduce standing privileges, limit lateral movement and stop identity-based attacks faster. Companies using identity-driven security controls can accelerate breach response by up to 80% by preventing attackers from abusing credentials and excessive access.CyberArk's Identity Security solutions will continue to be available as a standalone platform. In addition, integration is underway to infuse CyberArk's best-in-class capabilities into the Palo Alto Networks security ecosystem. Existing customers will experience no disruption and will benefit from an accelerated roadmap focused on resilience, operational efficiency and improved security outcomes.Nikesh Arora, Chairman and CEO of Palo Alto Networks, said:
"The emerging wave of AI agents will require us to secure every identity—human, machine, and agent. This is why we moved decisively by announcing our intent to acquire CyberArk last July and am excited to have product integration begin. For our customers, this means the end of 'identity silos.' They can now manage privileged access across their entire hybrid cloud environment from the same company they trust for Network Security and Security Operations—to ensure they are secure in the AI era."Matt Cohen, CEO of CyberArk, said:
"Joining forces with Palo Alto Networks creates the definitive cyber guardian for the modern enterprise. This is a win-win: our customers gain access to the world's most comprehensive security portfolio, and our employees join a global innovation engine. Together, we are creating the most robust combination of proven technologies to stop identity-driven breaches."PANW announces intent to dual-list on the Tel Aviv Stock Exchange (TASE)Building on CyberArk's heritage and Israel's position as a global cybersecurity powerhouse, Palo Alto Networks announces its intent to pursue a secondary listing on the Tel Aviv Stock Exchange (TASE). As part of this historic move, the company plans to adopt the "CYBR" ticker on the TASE, providing a world-class tribute to the brand CyberArk built while ensuring its identity remains a cornerstone of the global strategy.Palo Alto Networks will continue to be listed and trade under the "PANW" ticker on the NASDAQ Global Select Market. This listing would position Palo Alto Networks as the largest company listed on the TASE by market cap. This commitment further solidifies the company's Israeli R&D center, already its largest outside of Silicon Valley, as a primary global innovation hub dedicated to securing the future of the AI era.Transaction Details
Under the terms of the agreement, CyberArk shareholders are entitled to receive $45.00 in cash and 2.2005 shares of Palo Alto Networks common stock for each CyberArk ordinary share.Q2 Earnings Call Detail
Palo Alto Networks will host its Q2 FY2026 Earnings Call via a live video webcast on February 17, 2026, at 1:30 pm (PT) accessible from the "Investors" section of the Palo Alto Networks website at investors.paloaltonetworks.com.Follow Palo Alto Networks on Twitter, LinkedIn, Facebook and Instagram.About Palo Alto Networks
Palo Alto Networks (NASDAQ: PANW), the global AI cybersecurity leader, protects our digital way of life with a comprehensive portfolio of cybersecurity solutions and platforms across Network, Cloud, Security Operations, AI and Identity. Trusted by 70,000+ customers and powered by Unit 42 threat intelligence, our AI-driven platforms eliminate complexity, empowering enterprises to modernize with confidence and securing the speed of innovation. Explore the future of security at www.paloaltonetworks.com.Palo Alto Networks and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States or in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. Any unreleased services or features (and any services or features not generally available to customers) referenced in this or other press releases or public statements are not currently available (or are not yet generally available to customers) and may not be delivered when expected or at all. Customers who purchase Palo Alto Networks applications should make their purchase decisions based on services and features currently generally available.Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current facts, including, without limitation, statements regarding expected future business and financial performance, the expected future benefits to Palo Alto Networks and its customers from the completion of the transaction of CyberArk and the integration of Palo Alto Networks' and CyberArk's capabilities and the benefits they will deliver, made in this press release may be forward-looking. We use words such as "anticipates," "believes," "continue," "estimate," "expects," "future," "intends," "may," "plan," and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements reflect management's current expectations and are inherently uncertain. Actual results could differ materially for a variety of reasons.There are a significant number of factors that could cause actual results to differ materially from forward-looking statements made or implied in this press release, including: Palo Alto Networks' ability to successfully integrate CyberArk's businesses and technologies; the risk that the expected benefits and synergies of the transaction may not be fully achieved in a timely manner, or at all; the risk that PANW or CyberArk will be unable to retain and hire key personnel; significant and/or unanticipated difficulties, liabilities or expenditures relating to the integration of CyberArk into Palo Alto Networks; the effect of the completion of the transaction on the parties' business relationships and business operations generally; the effect of the completion of the transaction on Palo Alto Networks' common share price and uncertainty as to the long-term value of Palo Alto Networks' common shares; risks related to disruption of management time from ongoing business operations due to the integration efforts required for the completed transaction; developments and changes in general or worldwide market, geopolitical, economic, and business conditions; failure of Palo Alto Networks' platformization product offerings; failure to achieve the expected benefits of Palo Alto Networks' strategic partnerships and acquisitions; changes in the fair value of Palo Alto Networks' contingent consideration liability associated with acquisitions; risks associated with managing Palo Alto Networks' growth; risks associated with new product, subscription and support offerings, including product offerings that leverage AI; shifts in priorities or delays in the development or release of new product or subscription or other offerings, or the failure to timely develop and achieve market acceptance of new products and subscriptions as well as existing products, subscriptions and support offerings; failure of Palo Alto Networks' business strategies; rapidly evolving technological developments in the market for security products, subscriptions and support offerings; defects, errors, or vulnerabilities in our products, subscriptions or support offerings; Palo Alto Networks' customers' purchasing decisions and the length of sales cycles; Palo Alto Networks' competition and the expanded scope of its competitors as a result of completing the CyberArk transaction; Palo Alto Networks' ability to attract and retain new customers; Palo Alto Networks' ability to acquire and integrate other companies, products, or technologies in a successful manner; Palo Alto Networks' share repurchase program, which may not be fully consummated or enhance shareholder value, and any share repurchases which could affect the price of its common stock; and Palo Alto Networks' debt repayment obligations.For additional risks and uncertainties on these and other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to Palo Alto Networks' periodic reports and other filings with the Securities and Exchange Commission (the "SEC"), including the risk factors contained in Palo Alto Networks' most recent annual report on Form 10-K and periodic quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on current beliefs and information available to management as of the date hereof, and Palo Alto Networks does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.Correction: In an earlier version of this release, the link behind "secure every identity" was incorrect. 










View original content to download multimedia:https://www.prnewswire.com/news-releases/palo-alto-networks-completes-acquisition-of-cyberark-to-secure-the-ai-era-302685041.htmlSOURCE Palo Alto Networks, Inc.

Original: /C O R R E C T I O N -- Palo Alto Networks, Inc./

Palo Alto Networks Completes Acquisition of CyberArk to Secure the AI EraFebruary 11, 2026 7:00 AM
PR Newswire (US)

Adds the leading platform that delivers unified security for human, machine and agentic identity.SANTA CLARA, Calif., Feb. 11, 2026 /PRNewswire/ -- Palo Alto Networks® (NASDAQ: PANW), the global cybersecurity leader, today announced the completion of its acquisition of CyberArk, establishing Identity Security as a core pillar of its platformization strategy. The addition of the CyberArk Identity Security Platform enables Palo Alto Networks to secure every identity across the enterprise - human, machine, and agentic.







Identity security has become foundational to protecting the modern enterprise. As organizations scale cloud, automation, and AI, identity has emerged as the primary attack path, driven by the rapid growth of human, machine, and AI identities operating continuously with elevated access. Machine identities now outnumber human identities by more than 80 to 1, while 75% of organizations acknowledge their human identities are governed by outdated, overly permissive privilege models. Attackers increasingly exploit identity weaknesses, making credential abuse and excessive privilege the dominant threat vectors. Nearly 90% of organizations have already suffered an identity-centric breach.The acquisition of CyberArk addresses this shift by extending privilege security controls beyond a narrow set of administrators to every identity across the enterprise. By democratizing privileged access across human, machine and AI identities, organizations can reduce standing privileges, limit lateral movement and stop identity-based attacks faster. Companies using identity-driven security controls can accelerate breach response by up to 80% by preventing attackers from abusing credentials and excessive access.CyberArk's Identity Security solutions will continue to be available as a standalone platform. In addition, integration is underway to infuse CyberArk's best-in-class capabilities into the Palo Alto Networks security ecosystem. Existing customers will experience no disruption and will benefit from an accelerated roadmap focused on resilience, operational efficiency and improved security outcomes.Nikesh Arora, Chairman and CEO of Palo Alto Networks, said:
"The emerging wave of AI agents will require us to secure every identity—human, machine, and agent. This is why we moved decisively by announcing our intent to acquire CyberArk last July and am excited to have product integration begin. For our customers, this means the end of 'identity silos.' They can now manage privileged access across their entire hybrid cloud environment from the same company they trust for Network Security and Security Operations—to ensure they are secure in the AI era."Matt Cohen, CEO of CyberArk, said:
"Joining forces with Palo Alto Networks creates the definitive cyber guardian for the modern enterprise. This is a win-win: our customers gain access to the world's most comprehensive security portfolio, and our employees join a global innovation engine. Together, we are creating the most robust combination of proven technologies to stop identity-driven breaches."PANW announces intent to dual-list on the Tel Aviv Stock Exchange (TASE)Building on CyberArk's heritage and Israel's position as a global cybersecurity powerhouse, Palo Alto Networks announces its intent to pursue a secondary listing on the Tel Aviv Stock Exchange (TASE). As part of this historic move, the company plans to adopt the "CYBR" ticker on the TASE, providing a world-class tribute to the brand CyberArk built while ensuring its identity remains a cornerstone of the global strategy.Palo Alto Networks will continue to be listed and trade under the "PANW" ticker on the NASDAQ Global Select Market. This listing would position Palo Alto Networks as the largest company listed on the TASE by market cap. This commitment further solidifies the company's Israeli R&D center, already its largest outside of Silicon Valley, as a primary global innovation hub dedicated to securing the future of the AI era.Transaction Details
Under the terms of the agreement, CyberArk shareholders are entitled to receive $45.00 in cash and 2.2005 shares of Palo Alto Networks common stock for each CyberArk ordinary share.Q2 Earnings Call Detail
Palo Alto Networks will host its Q2 FY2026 Earnings Call via a live video webcast on February 17, 2026, at 1:30 pm (PT) accessible from the "Investors" section of the Palo Alto Networks website at investors.paloaltonetworks.com.Follow Palo Alto Networks on Twitter, LinkedIn, Facebook and Instagram.About Palo Alto Networks
Palo Alto Networks (NASDAQ: PANW), the global AI cybersecurity leader, protects our digital way of life with a comprehensive portfolio of cybersecurity solutions and platforms across Network, Cloud, Security Operations, AI and Identity. Trusted by 70,000+ customers and powered by Unit 42 threat intelligence, our AI-driven platforms eliminate complexity, empowering enterprises to modernize with confidence and securing the speed of innovation. Explore the future of security at www.paloaltonetworks.com.Palo Alto Networks and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States or in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. Any unreleased services or features (and any services or features not generally available to customers) referenced in this or other press releases or public statements are not currently available (or are not yet generally available to customers) and may not be delivered when expected or at all. Customers who purchase Palo Alto Networks applications should make their purchase decisions based on services and features currently generally available.Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current facts, including, without limitation, statements regarding expected future business and financial performance, the expected future benefits to Palo Alto Networks and its customers from the completion of the transaction of CyberArk and the integration of Palo Alto Networks' and CyberArk's capabilities and the benefits they will deliver, made in this press release may be forward-looking. We use words such as "anticipates," "believes," "continue," "estimate," "expects," "future," "intends," "may," "plan," and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements reflect management's current expectations and are inherently uncertain. Actual results could differ materially for a variety of reasons.There are a significant number of factors that could cause actual results to differ materially from forward-looking statements made or implied in this press release, including: Palo Alto Networks' ability to successfully integrate CyberArk's businesses and technologies; the risk that the expected benefits and synergies of the transaction may not be fully achieved in a timely manner, or at all; the risk that PANW or CyberArk will be unable to retain and hire key personnel; significant and/or unanticipated difficulties, liabilities or expenditures relating to the integration of CyberArk into Palo Alto Networks; the effect of the completion of the transaction on the parties' business relationships and business operations generally; the effect of the completion of the transaction on Palo Alto Networks' common share price and uncertainty as to the long-term value of Palo Alto Networks' common shares; risks related to disruption of management time from ongoing business operations due to the integration efforts required for the completed transaction; developments and changes in general or worldwide market, geopolitical, economic, and business conditions; failure of Palo Alto Networks' platformization product offerings; failure to achieve the expected benefits of Palo Alto Networks' strategic partnerships and acquisitions; changes in the fair value of Palo Alto Networks' contingent consideration liability associated with acquisitions; risks associated with managing Palo Alto Networks' growth; risks associated with new product, subscription and support offerings, including product offerings that leverage AI; shifts in priorities or delays in the development or release of new product or subscription or other offerings, or the failure to timely develop and achieve market acceptance of new products and subscriptions as well as existing products, subscriptions and support offerings; failure of Palo Alto Networks' business strategies; rapidly evolving technological developments in the market for security products, subscriptions and support offerings; defects, errors, or vulnerabilities in our products, subscriptions or support offerings; Palo Alto Networks' customers' purchasing decisions and the length of sales cycles; Palo Alto Networks' competition and the expanded scope of its competitors as a result of completing the CyberArk transaction; Palo Alto Networks' ability to attract and retain new customers; Palo Alto Networks' ability to acquire and integrate other companies, products, or technologies in a successful manner; Palo Alto Networks' share repurchase program, which may not be fully consummated or enhance shareholder value, and any share repurchases which could affect the price of its common stock; and Palo Alto Networks' debt repayment obligations.For additional risks and uncertainties on these and other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to Palo Alto Networks' periodic reports and other filings with the Securities and Exchange Commission (the "SEC"), including the risk factors contained in Palo Alto Networks' most recent annual report on Form 10-K and periodic quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on current beliefs and information available to management as of the date hereof, and Palo Alto Networks does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. 










View original content to download multimedia:https://www.prnewswire.com/news-releases/palo-alto-networks-completes-acquisition-of-cyberark-to-secure-the-ai-era-302685041.htmlSOURCE Palo Alto Networks, Inc.

Original: Palo Alto Networks Completes Acquisition of CyberArk to Secure the AI Era

Low Pole Reversal on 9 Feb 2026. GLTA

Looks like the air got let out of this one.

Double Top Breakout on 7 Jan 2026. GLTA

Low Pole Reversal on 5 Jan 2026. GLTA

Double Bottom Breakdown on 2 Jan 2026. BLTA

Low Pole Reversal on 2 Dec 2025. GLTA

PANW, new 52 week high

Ascending Triple Top Breakout on 24-Oct-2024. GLTA

Still in Ascending Triple Top Breakout since 3-Oct-2025. GLTA

Ascending Triple Top Breakout on 2-Oct-2025. GLTA

Still in Ascending Triple Top Breakout mode/pattern since 28-Aug-2025.
We shall see what may follow next. GLTA

Aaaand it stalled.

Ascending Triple Top Breakout on 28-Aug-2025. GLTA

Double Top Breakout on 19-Aug-2025. GLTA

Looks like a reversal, to the upside.

Order to buy PANW at $173.25 filled.

Share price in Double Top Breakout pattern since 30-May-2025. GLTA

PANW reports 5/20

PANW had a Double Top Breakout yesterday.
First time buy today for me, at $193.38 per share. GLTA

PANW, new 52 high

PANW, near 52 week high

PANW, new 52;week high

PANW, new 52 week high

Beast mode. Let’s see new high

Picture perfect bring on $400+

Moon shot

Keeping an eye. Last earnings saw a big drop in price. Maybe it’s baked it

PANW 10Q due after the bell MONDAY AUGUST 19

Crushed again but earnings not even that bad. Just fears of irregular billing. Nancy needs to drop the big Govt contract

Let’s see how it goes compared to last time