Acquisition OfferPANW announced that the company had entered into a definitive agreement to acquire CYBR for $25B in cash and stock, representing a 26% premium to CYBR's unaffected 10-day average price.
Financial PerformanceCYBR posted Q2 ARR of $1,274MM, which was higher than both the internal estimate and the Street estimate.
Revenue And EarningsTotal revenue for CYBR exceeded Street estimates by 3.6%.