CyberArk Software Ltd. (NASDAQ:CYBR) is one of the 10 AI Stocks Investors Should Keep an Eye On. On July 30, William Blair analyst Jonathan Ho downgraded the stock from Outperform to “Market Perform” following news that the company has agreed to be acquired by Palo Alto Networks.

Palo Alto Networks will integrate CyberArk's capabilities into Strata and Cortex platforms to offer identity-aware security solutions for enterprises.

According to people familiar with the situation, Palo Alto Networks (NASDAQ: PANW) is in advanced talks to buy Israeli cybersecurity company CyberArk Software (NASDAQ: CYBR). This could turn out to be one of the biggest tech transactions of the year.