Citigroup: If Google successfully acquires Wiz, these two cybersecurity companies will benefit

Google is in negotiations with the cybersecurity startup Wiz to discuss a possible acquisition. If the deal is successful, Palo Alto Networks and Crowdstrike, the two cybersecurity companies, may benefit. Citigroup stated that this acquisition could be advantageous for other companies in the cybersecurity field. The acquisition multiple of this deal is relatively high, betting on cybersecurity as a preferred brand. This may have an impact on the competition between Palo Alto Networks and Wiz. In addition, Citigroup also mentioned that the impact of this deal on other companies in the cybersecurity field is "mixed"