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.

Following the report, CyberArk's share price has jumped 12.56% on Nasdaq, giving the company a market cap of $21.7 billion, an all-time high, so any deal would be one of the biggest tech mergers this year. CyberArk focuses on enterprise identity management.

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.