Palo Alto Networks is acquiring Chronosphere for $3.35 billion to boost AI capabilities. The deal involves cash and new equity. Shares fell over 3% post-announcement. Palo Alto is paying nearly 21 times Chronosphere’s annual revenue of over $160 million. The CyberArk deal is also in progress. Revenue forecast for fiscal 2026 has been raised to $10.50-$10.54 billion, with adjusted profit per share of $3.80-$3.90. Revenue for Q1 grew 15.6% to $2.47 billion.Cybersecurity spending remains strong due to increased threats.

Read more at Yahoo Finance.: Palo Alto Networks to buy Chronosphere for $3.35 billion, raises annual forecasts