Summary
This 8-K/A filing from Palo Alto Networks (PANW), filed on June 19, 2014, serves as an amendment to a prior filing, specifically providing financial information related to the acquisition of Cyvera Ltd. The primary purpose of this amendment is to incorporate the necessary financial statements and pro forma information pertaining to Cyvera Ltd., which was acquired by Palo Alto Networks. Investors can find detailed financial data of the acquired entity for various periods, including unaudited statements for the three months ended March 31, 2014 and 2013, and audited statements for the year ended December 31, 2013. The filing also includes unaudited pro forma condensed combined financial information for Palo Alto Networks and Cyvera Ltd. covering the year ended July 31, 2013, and the nine months ended April 30, 2014. This pro forma data is crucial for understanding the potential financial impact and combined performance of the two entities post-acquisition, offering investors a clearer picture of the expected financial landscape. The acquisition of Cyvera Ltd. was a significant strategic move for Palo Alto Networks, aimed at enhancing its product portfolio and market position in the cybersecurity space.
Key Highlights
- 1Amendment to a previous filing, providing essential financial details of the Cyvera Ltd. acquisition.
- 2Includes unaudited condensed consolidated financial statements for Cyvera Ltd. for the periods ending March 31, 2014, and March 31, 2013.
- 3Includes audited consolidated financial statements for Cyvera Ltd. for the year ended December 31, 2013.
- 4Presents unaudited pro forma condensed combined financial information for Palo Alto Networks and Cyvera Ltd.
- 5Pro forma information covers the fiscal year ended July 31, 2013, and the nine-month period ended April 30, 2014.
- 6The filing is an integral part of understanding the financial implications of Palo Alto Networks' strategic acquisition of Cyvera Ltd.