SASE

We have published an equity research Update Report on Turnium Technology Group (TSXV: TTGI | FSE: E48), maintaining a Speculative Buy rating and increasing the 12-month price target to $0.30 per share. The report covers TTGI’s acquisition of Insentra, which tripled the Company’s annualized revenue run-rate from approximately $7 million to $30 million, and the concurrent divestiture of the TNET Division. Management projects $28M to $32M in revenue and $2.1M to $4.1M in Adjusted EBITDA for the 12 months beginning March 1, 2026, marking the Company’s first projected profitable operating period. [more]

Palo Alto Networks (NASDAQ: PANW) has announced an agreement to acquire CyberArk Software (NASDAQ: CYBR) for approximately US$25 billion, marking its first entry into the identity security market. CyberArk shareholders will receive US$45 in cash and 2.2005 shares of Palo Alto Networks common stock, representing a 26% premium to the prior 10-day VWAP. The transaction implies an enterprise value of approximately US$24.6 billion, or 20.5x revenue, and is expected to be accretive to revenue growth and gross margin immediately, with free cash flow per share accretion projected in F2028. [more]