BUZZ-SentinelOne rallies on report of Palo Alto mulling $7 billion buyout

Reuters
07-22
BUZZ-<a href="https://laohu8.com/S/S">SentinelOne</a> rallies on report of Palo Alto mulling $7 billion buyout

** Shares of cybersecurity firm SentinelOne S.N rise 8.6% to $19.58

** Larger rival Palo Alto Networks PANW.O is considering acquiring S, with its current share price giving it a possible equity value of about $7 billion, Israeli news website Globes reports citing industry sources

** Report does not provide further details or a timeline for the possible deal

** The companies did not immediately respond to Reuters' requests for comment

** PANW shares up 3% at $201.71

** Analysts' average rating for S is "buy"; their median PT is $23.0

** S shares down ~12% YTD, PANW up ~10.4% YTD

(Reporting by Arsheeya Bajwa in Bengaluru)

((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))

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