US stock movement | planned $250 billion acquisition of CyberArk, Palo Alto Networks (PANW.US) drops more than 8%

According to the financial news app, on Wednesday, Palo Alto Networks (PANW.US) fell by over 8%, marking the largest decline since February 2024; CyberArk (CYBR.US) fell by over 2%. In terms of news, the global network security leader Palo Alto Networks has agreed to acquire CyberArk Software, a company based in Israel that focuses on identity governance market security, in a cash and stock deal. This large acquisition deal values the Israeli network security giant at about $25 billion. This major acquisition in the network security field signifies that Palo Alto aims to incorporate the core capability of "identity security" into its platform, and provide essential control foundation for automated security scenarios in the era of generative AI, possibly becoming a key piece in Palo Alto's ambitious strategy of "AI+ network security."