SailPoint (SAIL) Jumps 5.7% on Palo Alto-CyberArk $20-Billion Merger

We recently published 10 Shock Winners on Wall Street. SailPoint, Inc. (NASDAQ:SAIL) is one of the best-performing stocks on Tuesday.

SailPoint grew its share prices by 5.7 percent on Tuesday to close at $21.68 apiece as investors snapped up shares on expectations that it would benefit from the $20-billion acquisition of CyberArk by Palo Alto Networks.

Since 2009, SailPoint, Inc. (NASDAQ:SAIL) has been one of the longstanding partners of CyberArk in bridging identity governance with privileged account management, helping organizations address security threats and compliance more effectively.

[Shutterstock: 380107090, scyther5]

The two firms have joined forces in a brief called “Better Solution,” highlighting how their integrated technologies complement in offering security and governance solutions for enterprises and organizations.

With Palo Alto’s acquisition of CyberArk, investors turned optimistic that SailPoint, Inc. (NASDAQ:SAIL) could benefit from expanded market exposure and more deals that would translate to its further growth.