Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the AI Stocks Making Waves on Wall Street. On July 30, Reuters reported that Palo Alto Networks has agreed to buy Israeli peer CyberArk Software for an estimated $25 billion, its biggest deal yet. CEO Nikesh Arora strives to develop a comprehensive cyber security provider to capitalize on AI-driven demand.
The cash-and-stock deal is one of the largest technology deals of the year. By acquiring CyberArk, Palo Alto will be able to broaden its cybersecurity services, adding identity security tools, and enhancing its appeal to large enterprise customers.
A young professional in a workspace with a laptop demonstrating the company's anti-virus security & privacy protection services.
“The rise of AI and the explosion of machine identities have made it clear that the future of security must be built on the vision that every identity requires the right level of privilege controls.” -Arora said in a statement.
Palo Alto Networks, Inc. (NASDAQ:PANW) is a leader in AI-powered cybersecurity.
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