Interesting news as Palo Alto continues to expand their cloud based cyber security offerings. Not sure if there would be any push back on the acquisition as Cyberarc is pretty small. But they are have nice growth and should benefit from PANW’s reach.
I like it. It seems like the industry needs to and will consolidate.
Here is a link to the press release: Palo Alto Networks Announces Agreement to Acquire CyberArk, the Identity Security Leader - Palo Alto Networks
Randy
Long PANW and PANW Tickerguide
28 Likes
I find this very annoying as I was still in the process of building a decent holding in CyberArk and I have no intention of swapping out of a high growth smaller and focused player into a large low growth sprawling player. Have sold my 1.5% stake and will look at where I can reinvest. Don’t think I will look at SailPoint the direct alternative but will review.
Ant
9 Likes
Ant, I appreciate you mentioning a ticker being considered for entry. I believe early id of potential entry’s provides a great service to the community.
Gray
3 Likes
Right now Gray given it is only 1.5%, I would probably take the easy route and top up some of the undersized and fastest growth holdings I have in cyber security - which would be SentinelOne and Rubrik. Trying to start a whole new position with only 1.5% doesn’t really make sense and the direct equivalence in identity and privileged access are either too slow growing (Okta) or seeing rapid declines in growth rates (SailPoint) and aren’t really doing it for me vs what CyberArk was offering. I would say SailPoint is the closest direct comparison.
My other pure play cyber security holdings include: Crowdstrike, ZScaler, Sentinel One and Rubrik and in an emerging composite sense via service offerings from Cloudflare and Datadog.
Ant
9 Likes
My point involved SAIL, which was a new ticker for me, the others in your response were well known and researched.
Gray
3 Likes