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 (NASDAQ:PANW) has agreed to acquire identity security firm CyberArk (NASDAQ:CYBR) at an equity value of approximately $25B for CyberArk. Under the terms of the agreement, CyberArk (NASDAQ:CYBR) shareholders will receive $45.

Since 2018, Palo Alto has been transforming its strategy - moving from a hardware-centric firewall company to a full-stack, cloud-first cybersecurity platform. It is now the largest cybersecurity firm by market cap,