Updates

** Alphabet's shares GOOGL.O hit lowest in six months, last down 3.9% at $157.92

** GOOGL to buy Wiz for $32 bln in its biggest deal, as it looks to sharpen its edge in the cloud-computing race against Amazon AMZN.O and Microsoft MSFT.O

** Rosenblatt Securities says its sources indicated that Wiz's revenue for FY24 was ~$650 mln

** The deal is poised to create immediate ripples in the cybersecurity stock market - brokerage

** Check Point Software Technologies CHKP.O faces potential downward pressure as its recent alliance with Wiz, initially seen as advantageous, now positions it as a competitor to Google - brokerage

** SentinelOne S.N, a long-rumored Google acquisition target, may see negative sentiment as Google's choice of Wiz suggests a preference for a direct competitor - brokerage

** CyberArk Software CYBR.O could emerge as a beneficiary, potentially becoming a prime acquisition target for MSFT - brokerage

** Palo Alto Networks PANW.O could also experience initial negative impacts - brokerage

** Up to last close, GOOGL shares had risen ~16% over the past 12 months

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))