en.wikipedia.org/wiki/Palo_Alto_Networks
5 corrections found
November 2022: Cider Security for $300 million.
Palo Alto Networks did not buy Cider Security for $300 million. The company said the deal was approximately $195 million in cash, and later reported total purchase consideration of $198.3 million.
Full reasoning
This list item overstates the value of the Cider Security acquisition.
Palo Alto Networks' own announcement of the deal on November 17, 2022 said it would acquire Cider Security for approximately $195 million in cash, excluding replacement equity awards. Later, Palo Alto Networks' SEC filing for fiscal 2023 reported that the total purchase consideration for the completed acquisition was $198.3 million.
Because both the announced deal terms and the later reported purchase consideration are far below $300 million, the claim is incorrect.
2 sources
- Palo Alto Networks Signs Definitive Agreement to Acquire Cider Security
Under the terms of the agreement, Palo Alto Networks will acquire Cider Security for approximately $195 million in cash, excluding the value of replacement equity awards, subject to adjustment.
- Palo Alto Networks Form 10-K for fiscal year ended July 31, 2023
On December 20, 2022, we completed our acquisition of Cider Security Ltd. ... The total purchase consideration for the acquisition of Cider was $198.3 million.
October 2023: Announced its intent to acquire Dig Security for $400 million
Palo Alto Networks did not announce the Dig Security deal at $400 million. Its SEC filing said the agreement was for approximately $295 million, and later reported total purchase consideration of $255.4 million.
Full reasoning
This claim inflates the size of the Dig Security acquisition.
In Palo Alto Networks' SEC filing for the quarter ended October 31, 2023, the company said that on October 29, 2023 it had entered into a definitive agreement to acquire Dig Security Solutions Ltd. for approximately $295.0 million, including about $232.0 million in cash and $63.0 million in replacement awards, subject to adjustment. In a later SEC filing, Palo Alto Networks reported that the total purchase consideration for the completed acquisition was $255.4 million.
Those official figures contradict the article's claim that the announced acquisition was $400 million.
2 sources
- Palo Alto Networks Form 10-Q for quarter ended October 31, 2023
On October 29, 2023, we entered into a definitive agreement to acquire Dig Security Solutions Ltd. ... for total consideration of approximately $295.0 million, including approximately $232.0 million in cash and approximately $63.0 million in replacement awards, subject to adjustment.
- Palo Alto Networks Form 10-Q for quarter ended April 30, 2024
On December 5, 2023, we completed our acquisition of Dig Security Solutions Ltd. ... The total purchase consideration for the acquisition of Dig was $255.4 million.
November 2023: Talon Cyber Security for $625 million
Palo Alto Networks did not report the Talon acquisition as $625 million. Its SEC filings put the agreement at approximately $550 million and the later total purchase consideration at $458.6 million.
Full reasoning
This claim overstates the value of the Talon Cyber Security acquisition.
Palo Alto Networks' SEC filing for the quarter ended October 31, 2023 said that on November 6, 2023 it entered into a definitive agreement to acquire Talon Cyber Security Ltd. for approximately $550.0 million, including about $434.9 million in cash and $115.1 million in replacement awards, subject to adjustment. A later SEC filing reported that the total purchase consideration for the acquisition was $458.6 million.
Those company-reported figures contradict the article's statement that Talon was acquired for $625 million.
2 sources
- Palo Alto Networks Form 10-Q for quarter ended October 31, 2023
On November 6, 2023, we entered into a definitive agreement to acquire Talon Cyber Security Ltd. ... for total consideration of approximately $550.0 million, including approximately $434.9 million in cash and approximately $115.1 million in replacement awards, subject to adjustment.
- Palo Alto Networks Form 10-Q for quarter ended April 30, 2024
We have accounted for this transaction as a business combination ... Total $458.6 ... Goodwill generated from this business combination is primarily attributable to the assembled workforce and expected post-acquisition synergies from integrating Talon technology into our platforms.
July 2025: Protect AI for $500 million
Palo Alto Networks did not acquire Protect AI for $500 million. Its filings show an announced total consideration of $700 million, and later reported actual purchase consideration of $634.5 million.
Full reasoning
This claim understates the size of the Protect AI acquisition.
In Palo Alto Networks' SEC disclosures for the quarter ended April 30, 2025, the company said it had entered into a definitive agreement to acquire Protect AI for $700.0 million in cash and replacement awards, subject to adjustment. After the deal closed, Palo Alto Networks' fiscal 2025 annual report stated that the total purchase consideration for Protect AI was $634.5 million, consisting of $607.4 million in cash and $27.1 million in replacement awards.
Either official figure contradicts the article's exact claim that Protect AI was acquired for $500 million.
2 sources
- Palo Alto Networks acquisition disclosure for Protect AI (SEC XBRL detail)
On April 27, 2025, we entered into a definitive agreement to acquire Protect AI, Inc. ... for a total consideration of $700.0 million in cash and replacement awards, subject to adjustment.
- Palo Alto Networks Form 10-K for fiscal year ended July 31, 2025
On July 22, 2025, we completed our acquisition of Protect AI, Inc. ... The total purchase consideration for the acquisition of Protect AI was $634.5 million, which consisted of ... Cash $607.4 ... Fair value of replacement awards 27.1.
December 2023: Dig Security for $400 million
Palo Alto Networks did not complete the Dig Security acquisition for $400 million. Its SEC filing reported total purchase consideration of $255.4 million.
Full reasoning
This entry gives the completed Dig Security deal the wrong price.
After the acquisition closed on December 5, 2023, Palo Alto Networks reported in an SEC filing that the total purchase consideration for Dig Security Solutions Ltd. was $255.4 million. An earlier SEC filing also described the signed agreement as approximately $295.0 million, not $400 million.
That means the article's completed-deal figure of $400 million is incorrect.
2 sources
- Palo Alto Networks Form 10-Q for quarter ended April 30, 2024
On December 5, 2023, we completed our acquisition of Dig Security Solutions Ltd. ... The total purchase consideration for the acquisition of Dig was $255.4 million.
- Palo Alto Networks Form 10-Q for quarter ended October 31, 2023
On October 29, 2023, we entered into a definitive agreement to acquire Dig Security Solutions Ltd. ... for total consideration of approximately $295.0 million.