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Palo Alto to Dual-List in Tel Aviv After $25B CyberArk Deal

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Palo Alto Networks will begin trading its shares on the Tel Aviv Stock Exchange following the completion of its $25 billion acquisition of Israeli cybersecurity firm CyberArk Software.

Already listed on Nasdaq, Palo Alto said the dual listing will make it the largest company by market capitalization on the Tel Aviv Stock Exchange, with a current valuation of approximately $115 billion. The company plans to trade under the ticker symbol “CYBR” in Tel Aviv, though it has not disclosed a listing date.

Under the acquisition terms, CyberArk shareholders will receive $45 in cash plus 2.2005 shares of Palo Alto Networks common stock for each CyberArk ordinary share. The deal marks Palo Alto’s largest acquisition to date and significantly strengthens its Israeli research and development footprint, which is already its largest outside Silicon Valley.

CEO Nikesh Arora is positioning the company as a comprehensive cybersecurity platform provider, aiming to capitalize on increasing demand fueled by artificial intelligence-driven threats and digital transformation.

The Tel Aviv Stock Exchange welcomed the move, describing it as a milestone for Israel’s capital markets. The listing will provide Israeli institutional and retail investors with direct access to Palo Alto shares while preserving CyberArk’s identity within the group.

Meanwhile, rival Check Point Software Technologies confirmed it will remain solely listed on Nasdaq.

Warning for Samsung Galaxy Users: Spyware ‘Landfall’ Found Stealing Data for Nearly a Year

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Cybersecurity researchers from Palo Alto Networks’ Unit 42 have discovered a dangerous Android spyware called Landfall, which has been targeting Samsung Galaxy devices for nearly a year, stealing sensitive user data without detection.

The spyware spread through a malicious DNG image sent via messaging apps like WhatsApp, exploiting a zero-day vulnerability — unknown to Samsung at the time — to take full control of the infected device.

Once activated, Landfall could access photos, messages, contacts, call logs, location data, and even the microphone. According to the report, the first signs of the campaign appeared in July 2024, but Samsung only patched the flaw (CVE-2025-21042) in April 2025, leaving users exposed for months.

The vulnerability resided in ‘libimagecodec.quram.so’, allowing remote attackers to execute arbitrary code without user interaction. The main affected models include the Galaxy S22, S23, S24, and some Galaxy Z devices running Android 13 to 15.

Researchers believe the campaign was a targeted espionage operation, primarily affecting users in the Middle East, and possibly linked to private-sector offensive actors (AOSP).

It remains unclear who developed Landfall or how many users were affected, but senior researcher Itay Cohen described it as a “precision attack” rather than a widespread infection.

Samsung has released a security patch, and experts strongly advise all Galaxy users to update their devices immediately to stay protected.

Netskope hits $8.8 billion valuation in Nasdaq debut as shares surge

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Cybersecurity firm Netskope debuted on the Nasdaq on Thursday with a market valuation of $8.79 billion, as its shares surged 21% above the initial offer price. The Santa Clara–based company priced its IPO at $19 per share, raising $908.2 million by selling 47.8 million shares. The stock opened at $23, reflecting strong investor appetite.

The U.S. IPO market is experiencing its strongest wave in years, with recent successes like Figma highlighting pent-up demand. Netskope’s appeal is fueled by rising corporate spending on cybersecurity, especially as AI-driven threats expand. “AI is right in our wheelhouse … enabling companies to leverage it safely,” CEO Sanjay Beri told Reuters.

Founded in 2012, Netskope delivers cloud-based security solutions that protect apps, data, and websites. The company had previously been valued at $7.5 billion in a 2021 ICONIQ-led funding round. Beri noted that the IPO was oversubscribed 20 times and that going public will expand Netskope’s visibility in the market.

Analysts caution that despite the sector’s strong demand, IPO performances remain mixed. Rubrik has soared since listing, while SailPoint has struggled. Netskope’s future success will hinge on its profitability path and ability to navigate a competitive market against rivals like Palo Alto Networks and Zscaler.