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Palo Alto Networks Chairman and CEO Nikesh Arora said in a statement on Wednesday, "Our market entry strategy has always been to seize industry inflection points, and the identity security field is currently experiencing this opportunity." He emphasized that CyberArk's technology is "an indispensable infrastructure for the AI era." The media revealed on Tuesday that the two sides were in talks about a potential transaction, which drove CyberArk's stock price to surge more than 13% on the same day.