Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Alphabet Class A ( (GOOGL) ).
On March 18, 2025, Google LLC announced its agreement to acquire Wiz, Inc., a prominent cloud security platform, for $32 billion in an all-cash transaction. This acquisition, expected to close in 2026, will integrate Wiz into Google Cloud, enhancing its security offerings and multicloud capabilities. The acquisition aims to bolster Google’s position in the rapidly growing cloud security market by improving security automation and reducing costs for customers. Wiz’s solutions will remain compatible with major cloud platforms, and the deal underscores the increasing importance of cybersecurity in the AI era.
More about Alphabet Class A
Alphabet Inc., through its subsidiary Google LLC, operates in the technology industry, offering a wide range of products and services including cloud computing, AI, and cybersecurity solutions. Google Cloud, a segment of Google, is known for its AI expertise and cloud infrastructure, providing security and collaboration tools to organizations worldwide.
YTD Price Performance: -13.11%
Average Trading Volume: 29,338,454
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2029B
For a thorough assessment of GOOGL stock, go to TipRanks’ Stock Analysis page.