Today Palo Alto, A cyber security company that i’ve been following for some time, was trading slightly into the green until a rumor sent the stock shooting up around 4%.
Social media feeds are blowing up over this rumored takeover. The rumor is that PANW will soon be acquired by IBM. This partnership could be very beneficial to both parties involved.
As of now this is just a rumor and should be treated as such. It is not confirmed on either end. After Q2 earnings leaving the stock in a downward spiral, this could be just what PANW needs to get back on its feet towards forward growth.
I will continue to watch the story and bring the news to you as it breaks!