Palo Alto Networks Becomes First TASE Company Worth NIS 1 Trillion
Published
Palo Alto Networks reached approximately NIS 1 trillion in market capitalization during Thursday morning trading, becoming the first company listed on the Tel Aviv Stock Exchange to reach that threshold. Its shares rose about 4.5% during the session. Its valuation far exceeded those of other exchange-listed companies, including Teva at approximately NIS 142 billion and Bank Leumi at approximately NIS 110 billion that morning. Founded by Israeli Nir Zuk in 2005, the cybersecurity company began trading in Tel Aviv on February 23, 2026, alongside its Nasdaq listing, after completing its acquisition of CyberArk.