No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 24, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Nir Zuk leaves Palo Alto Networks after two decades

by TheAdviserMagazine
2 months ago
in Business
Reading Time: 3 mins read
A A
Nir Zuk leaves Palo Alto Networks after two decades
Share on FacebookShare on TwitterShare on LInkedIn


Palo Alto Networks (Nasdaq: PANW) announced last night that founder and CTO Nir Zuk is retiring after more than 20 years in the job. He will be replaced by CPO Lee Klarich, who was part of the cybersecurity company’s founding team. Klarich joins the board of directors and will be responsible for the company’s technological vision and leading, organizational, product and engineering development.

Zuk founded Palo Alto Networks in 2005 and built it into one of the world’s major cybersecurity players. The company’s success has made him one of the wealthiest billionaires Israeli high-tech has produced, with estimated wealth of $1.6 billion by Forbes.

Palo Alto said that Zuk is “stepping away to turn his attention to a new set of challenges and untapped ideas he is passionate about pursuing.” It is possible that the “challenges” that Zuk is seeking are in the Israeli media, an industry in which he has shown increasing interest in recent years but has struggled to make an impact. For example the failure of his liberal TV channel Relevant followed by his failure in talks to acquire Reshet 13.

Just a few weeks ago, Palo Alto Networks announced that it is acquiring Israeli cybersecurity company CyberArk (Nasdaq: CYBR) for $25 billion – the second largest exit in Israeli history. The deal is mainly in Palo Alto Networks shares.

Despite last night’s dramatic announcement, Palo Alto Network’s share price has been rising sharply in afterhours trading on Wall Street, probably because the company published strong second quarter results, beating the analysts’ expectation of earning per share of $0.89 with $0.95.

“I started Palo Alto Networks with a radical idea”

In his resignation announcement, Zuk said, “I started Palo Alto Networks with a radical idea and the conviction to challenge a stagnant industry with a cybersecurity platform. Our vision has always been to lead from the front, and our recent intent to acquire CyberArk is a testament to that enduring ambition. With the most comprehensive security portfolio today, I am confident in Nikesh’s leadership and thrilled to pass the torch to Lee Klarich . He is a phenomenal technologist who will carry that competitive fire into our next chapter. This has been an incredible journey, and I leave with deep satisfaction, knowing the company we built together is stronger than ever.”





RELATED ARTICLES




Nir Zuk fears mass exodus of talent from Israel


Nir Zuk set to launch Israeli liberal TV channel Relevant


Palo Alto Networks confirms $25b CyberArk acquisition


Palo Alto v Check Point – higher growth but lower profit






Zuk, 54, was born and raised in Rehovot. In the army he was the head of the development department in the 8200 intelligence unit and graduated with a B.Sc. in math from Tel Aviv University. After leaving the army he joined a small startup called Check Point Software.

“There were less than ten people there at the time,” Zuk once recalled. “In 1997, I moved to the US for the company and stayed there for a few years. Then I left, founded OneSecure, sold it for $45 million in shares, and left. That’s when I founded Palo Alto Networks.” Since then, his venture has become the most valuable cybersecurity company in the world with a market cap of $117.67 billion.

Palo Alto Networks chairman and CEO Nikesh Arora said, “Niir is a legend in cybersecurity, and his contributions are forever etched in our history books.”

Published by Globes, Israel business news – en.globes.co.il – on August 19, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.




Source link

Tags: AltodecadesleavesNetworksNirPaloZuk
ShareTweetShare
Previous Post

Multibagger stock with 700% gains in 2 years to go ex-split tomorrow. Last day to buy today

Next Post

15-Week Crypto Inflow Streak Ends with a $223M Shock Withdrawal

Related Posts

edit post
Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

by TheAdviserMagazine
October 24, 2025
0

President Donald Trump announced he’s ending “all trade negotiations” with Canada because of a television ad sponsored by one of its provinces...

edit post
Microsoft is distancing itself from longtime partner OpenAI, shunning erotica chatbots: ‘Just not a service we’re going to provide,’ AI CEO says

Microsoft is distancing itself from longtime partner OpenAI, shunning erotica chatbots: ‘Just not a service we’re going to provide,’ AI CEO says

by TheAdviserMagazine
October 24, 2025
0

Microsoft will not emulate the strategies of Elon Musk’s xAI or Sam Altman’s OpenAI in creating “simulated erotica” for its...

edit post
Former IndusInd Bank deputy pays 50% of alleged insider trading gains to Sebi

Former IndusInd Bank deputy pays 50% of alleged insider trading gains to Sebi

by TheAdviserMagazine
October 24, 2025
0

IndusInd Bank's former deputy chief has deposited 50% of the alleged insider trading gains with India's markets regulator, BSE said...

edit post
Sebi allows transfer of PMS business to simplify operations, ease compliance burden

Sebi allows transfer of PMS business to simplify operations, ease compliance burden

by TheAdviserMagazine
October 24, 2025
0

Securities and Exchange Board of India (Sebi) has allowed portfolio managers to transfer their Portfolio Management Services (PMS) business after...

edit post
Harmony Gold Mining completes MAC Copper acquisition

Harmony Gold Mining completes MAC Copper acquisition

by TheAdviserMagazine
October 24, 2025
0

Harmony Gold Mining has completed the acquisition of MAC Copper, the proprietor of the high-grade CSA copper mine in New...

edit post
Trump shutting down trade talks with Canada could give Beijing another advantage

Trump shutting down trade talks with Canada could give Beijing another advantage

by TheAdviserMagazine
October 24, 2025
0

President Trump has terminated trade talks with Canada over an anti-tariffs ad featuring Ronald Reagan. If Canada’s Prime Minister Mark...

Next Post
edit post
15-Week Crypto Inflow Streak Ends with a 3M Shock Withdrawal

15-Week Crypto Inflow Streak Ends with a $223M Shock Withdrawal

edit post
Are Trump’s Deals with Nvidia and AMD Constitutional? | Michael C. Dorf | Verdict

Are Trump’s Deals with Nvidia and AMD Constitutional? | Michael C. Dorf | Verdict

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Union Pacific profits rise on operational efficiency, pricing gains

Union Pacific profits rise on operational efficiency, pricing gains

0
edit post
What Real Estate Investors Miss About Short-Term Capital

What Real Estate Investors Miss About Short-Term Capital

0
edit post
Personal Property Tax Exemption Measure

Personal Property Tax Exemption Measure

0
edit post
Supporting Caregivers at Work: Upcoming Summit Will Explore Strategies for Success

Supporting Caregivers at Work: Upcoming Summit Will Explore Strategies for Success

0
edit post
Sebi allows transfer of PMS business to simplify operations, ease compliance burden

Sebi allows transfer of PMS business to simplify operations, ease compliance burden

0
edit post
Listen: Amid Shutdown Stalemate, Families Brace for SNAP Cuts and Paycheck Limbo

Listen: Amid Shutdown Stalemate, Families Brace for SNAP Cuts and Paycheck Limbo

0
edit post
Market Talk – October 24, 2025

Market Talk – October 24, 2025

October 24, 2025
edit post
Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

October 24, 2025
edit post
Trump taps Michael Selig to lead CFTC: Bloomberg

Trump taps Michael Selig to lead CFTC: Bloomberg

October 24, 2025
edit post
 Billion Carrier Signals Trump’s All-Out Attack

$20 Billion Carrier Signals Trump’s All-Out Attack

October 24, 2025
edit post
Robinhood Markets (HOOD): Fintech-Pionier vor Fortsetzung der Mega-Rallye!

Robinhood Markets (HOOD): Fintech-Pionier vor Fortsetzung der Mega-Rallye!

October 24, 2025
edit post
The Grim Reality of Working in These 10 Professions

The Grim Reality of Working in These 10 Professions

October 24, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Market Talk – October 24, 2025
  • Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks
  • Trump taps Michael Selig to lead CFTC: Bloomberg
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.