Google’s $32 Billion Wiz Purchase: Strategic Imperative Or Overreach? [Forbes]
Palo Alto Networks, Inc. (PANW)
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Source: Forbes
On March 19, 2025, Google formally announced its intent to acquire cloud security firm Wiz for a staggering $32 billion in cash. The announcement made headlines not only for its size but for the extraordinary revenue multiple attached. Wiz's annual recurring revenue at the time of acquisition was reported between $700 million and $800 million, with projections to surpass $1 billion by year-end. That equates to a revenue multiple between 45x and 65x — placing the deal among the highest-priced cybersecurity acquisitions in history. Understanding Wiz's Appeal Founded in 2020, Wiz specializes in Cloud-Native Application Protection, offering agentless, real-time visibility and control over vulnerabilities, misconfigurations, and access permissions across public cloud environments. In five short years, the company scaled at an unprecedented pace — achieving $100 million ARR in 18 months and reaching a $12 billion private valuation by 2024. Wiz's platform is now deployed by over half
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PANW
News
- How Investors May Respond To Palo Alto Networks (PANW) Expanding AI Security Partnership With Google Cloud [Yahoo! Finance]Yahoo! Finance
- Palo Alto, Google Cloud Strike 'Multi-Billion-Dollar' Deal to Deliver End-to-End AI Security [Yahoo! Finance]Yahoo! Finance
- Palo Alto Networks (NASDAQ:PANW) was given a new $240.00 price target on by analysts at DA Davidson.MarketBeat
- Palo Alto Networks, Google Cloud in multibillion-dollar pact [Yahoo! Finance]Yahoo! Finance
- Criminal IP and Palo Alto Networks Cortex XSOAR integrate to bring AI-driven exposure intelligence to automated incident response [Yahoo! Finance]Yahoo! Finance
PANW
Earnings
- 11/19/25 - Beat
PANW
Sec Filings
- 12/17/25 - Form S-8
- 12/12/25 - Form 4
- 12/11/25 - Form 4
- PANW's page on the SEC website