11:55 AM EDT, 07/30/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

PANW confirmed that it has agreed to acquire CYBR for $25B. Under the terms of the deal, shareholders of CYBR will receive $45 in cash and 2.2 shares of PANW for each CYBR share. We see this as a fair valuation (forward P/S of 18.8x our CY 2025 sales view) based on recent software/security acquisitions. We keep our view that the addition of CYBR's Identity Security platform is a compelling addition to PANW's existing offerings, beginning its foray into Identity Security, a growth area within the cybersecurity space that is poised to accelerate from exponential increases in human and machine identities. The acquisition adds an estimated $60B in TAM to PANW's business, making it the largest single-vendor pure-play offering security products across four major platforms (Network, Cloud, Security Operations, and Identity). The deal will be immediately accretive to PANW's revenue growth/gross margin upon closing (expected 2H FY 26), and FCF/share in FY 28. We lift our target to $210 ($207) on a forward P/E of 57x.