Palo Alto Networks to start buying and selling on TASE subsequent week
The Tel Aviv Inventory Alternate (TASE) reviews that US cybersecurity large Palo Alto Networks (Nasdaq: PANW) will start buying and selling on the TASE subsequent Monday, February 23. This follows the completion of the acquisition of Israeli cybersecurity firm CyberArk (Nasdaq: CYBR) and Palo Alto’s resolution to dual-list on the TASE. The belief in the marketplace was that the method of itemizing on the TASE would take a number of months however in apply it’s taking place a lot sooner.
Palo Alto Networks is at the moment traded on Wall Road at $152.35 per share, giving a market cap of $123 billion. The greenback has strengthened as we speak towards the shekel to NIS 3.14/$, which implies that if Palo Alto Networks started buying and selling as we speak it might have a market cap of NIS 387 billion.
That is triple the market cap of Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA), which is at the moment essentially the most priceless firm traded on the TASE. Palo Alto’s market cap equals the mixed complete of the subsequent 4 most precious firms on the TASE – Financial institution Leumi (TASE: LUMI), Financial institution Hapoalim (TASE: POLI), Elbit Programs Ltd. (Nasdaq: ESLT; TASE:ESLT), and Mizrahi Tefahot Financial institution
If and when will Palo Alto enter the indices?
The massive query now’s if and when Palo Alto will be a part of the key TASE indices – the Tel Aviv 35 and Tel Aviv 125. The market assumption is that the corporate will likely be quick tracked onto these indices. Within the meantime, the TASE itself doesn’t but know the reply to this query.
Formally, Palo Alto missed the deadline for the definitive registration to enter the indices, which was February 14, however it’s definitely doable that the TASE will likely be versatile and permit the cybersecurity firm to enter the indices as early because the semi-annual replace in Might. The TASE may even need to determine whether or not Palo Alto is a “international firm” or one which has important exercise in Israel. Following the acquisition of CyberArk, this risk is definitely cheap.
One other risk is that Palo Alto will enter the indices on a quick monitor as a part of the replace of the parameters (weight) in August.
Who would be the firms pushed out because of this?
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An organization that’s already within the Tel Aviv 35 Index should be one of many 39 largest on the TASE within the “ten decisive days” (a few month earlier than the replace itself) so as to not be excluded from it. However, an organization that desires to enter should be in a minimum of thirtieth place (or have the very best market cap amongst these exterior, assuming one leaves). Since Palo Alto will in fact be within the prime 30, if it joins the indices already within the Might replace, the outcome will likely be that the corporate with the smallest market cap within the Tel Aviv 35 index will likely be relegated.
As of as we speak this may be YH Dimri Building and Improvement (TASE: DIMRI), which is the forty fifth greatest firm on the TASE. However Mivne Actual Property (TASE: MVNE) and Fattal Holdings (1998) (TASE: FTAL), ranked 42 and 43, are additionally candidates to drop out of the Tel Aviv 35 Index. A number of firms may very well be relegated as Mega Or (TASE: MGOR), ranked 28, can also be a candidate for promotion. The inventory of the Tel Aviv Inventory Alternate (TASE: TASE) itself, ranked 31, can also be a candidate for promotion to the Tel Aviv 35 Index. However a lot can change within the weeks till the composition of the indices is determined.
Printed by Globes, Israel enterprise information – en.globes.co.il – on February 19, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
