CyberArk Software

CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. The firm's products include Privilege, Access, and DevSecOps. It offers its products and services to banking, insurance, healthcare, and federal industries. The company was founded by Udi Mokady and Alon Cohen in 1999 and is headquartered in Petah Tikva, Israel.

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CyberArk Software posts robust Q4 results and eyes sustained growth

CyberArk Software reported strong Q4 performance and outlined a positive outlook for 2023, driven by robust financial results and strategic initiatives.
The company's focus on scaling, expanding into new markets, and leveraging innovative solutions positions it for continued growth and market leadership.
While facing challenges such as pricing adjustments and macro uncertainties, CyberArk remains confident in its ability to navigate the evolving landscape and drive profitability.
Opportunities in Access Management, machine identity, and channel partnerships offer avenues for growth and differentiation, reinforcing CyberArk's market position.

CyberArk reports robust Q1 growth, eyes $1B ARR milestone

CyberArk Software delivered strong financial performance in Q1 2023, driven by robust subscription growth and a focus on operational excellence.
While facing challenges like longer sales cycles and competition, the company remains confident in its unique value proposition and growth strategies.
With a clear focus on scaling efficiently, expanding its platform, and leveraging partnerships, CyberArk is well-positioned for future success and profitability.

CyberArk reports robust Q2 performance amidst cybersecurity spending surge

CyberArk Software's Q2 performance showcased strong financial growth and customer traction, with a focus on Identity Security and platform innovation.
While facing challenges in maintenance ARR decline, the company sees opportunities in the MSP market and increased cybersecurity spending.
Overall, CyberArk remains well-positioned for growth through customer conversions, cross-selling, and strategic M&A initiatives.

CyberArk exceeds Q3 guidance, focuses on security amid breaches

CyberArk Software excelled in Q3, surpassing guidance with strong revenue growth and a focus on identity security amidst high-profile breaches.
The company's platform selling motion gained traction, driving revenue and market presence, with a strategy to convert customers to SaaS gradually for expansion.
While facing challenges of potential maintenance revenue reductions, CyberArk remains confident in long-term targets, balancing profitability, growth, and customer security.
Opportunities lie in leveraging the strong market environment, expanding revenue through upsell strategies, and maximizing customer security and well-being for sustained growth.

CyberArk excels in Q4 with record subscription growth and strategic focus

CyberArk Software's strong financial performance, customer-centric approach, and strategic focus on innovation position the company for continued success and growth.
Challenges in workforce security, customer migrations, and solution integrations require careful navigation and execution to capitalize on growth opportunities.
Opportunities in customer base expansion, cloud security solutions, and channel partnerships offer avenues for revenue growth, market expansion, and enhanced customer value.

CyberArk surpasses Q1 expectations, eyes growth in cloud security

CyberArk Software delivered strong Q1 results, exceeding expectations with robust financial performance and profitability, driven by subscription ARR and total revenue growth.
The company's focus on identity security, EPM business expansion, and strategic marketing efforts position it well for future growth and market leadership in cybersecurity.
While facing challenges in conversion timelines and operational adjustments, CyberArk remains optimistic about opportunities in cloud security, SaaS business, and federal market expansion.
With a strong foundation in place, CyberArk's emphasis on innovation, customer value, and market expansion sets the stage for continued success and leadership in identity security.

CyberArk Software excels in Q3, eyes growth through strategic acquisitions

CyberArk Software's Q3 2024 earnings call showcased exceptional financial performance, driven by strong subscription and total ARR growth. The company's focus on mission-critical solutions, strategic partnerships, and market recognition positions it well for future success. While challenges exist in a competitive landscape, CyberArk's strategic initiatives and strong financial metrics indicate a promising outlook.

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CyberArk (CYBR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

CyberArk (CYBR) Surges 3.8%: Is This an Indication of Further Gains?

Cybersecurity company CyberArk shares moved higher after analysts at Bank of America said the firm is poised to capitalize on the escalating importance of Privileged Access Management (PAM) in cybersecurity. Over 80% of cyberattacks are attributed to identity exploitation, emphasizing the need for advanced identity security measures, especially focusing on privileged account identities.

CyberArk gains traction as Bank of America raises price objective

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced that Accenture, a leading global professional services company, has expanded its deployment of the CyberArk Identity Security Platform to include CyberArk Privilege Cloud. The solution enables Accenture to control and monitor privileged access across on-premises, cloud and hybrid infrastructures for clients as well as their own IT environment. “Accenture is one of our m.

CyberArk Collaborates with Accenture to Deliver Advanced Privileged Access Management Solutions for Clients

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NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced it has been named a Leader in the 2023 Gartner® Magic Quadrant™ for Privileged Access Management.1 CyberArk is recognized in this report for the fifth consecutive time. Additionally, CyberArk is the only vendor positioned as a Leader in both Gartner Magic Quadrant Privileged Access Management (PAM) and Access Management2 reports. The CyberArk Identity Security Platform.

CyberArk Named a Leader in 2023 Gartner Magic Quadrant for Privileged Access Management

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NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced details of its new Artificial Intelligence Center of Excellence. Drawing upon years of utilizing artificial intelligence (AI) and machine learning (ML) technology across the CyberArk Identity Security Platform, CyberArk is expanding R&D and product development resources to advance the use of generative AI to improve security for its more than 8,000 customers worldwi.

CyberArk Establishes Artificial Intelligence Center of Excellence to Combat Attacker Innovation with Identity Security Innovation

We are buy-rated on CyberArk Software Ltd. We see a favorable risk-reward profile as the company has now almost completed its transition to a SaaS business model with accelerating profitability. We think CyberArk deserves a higher multiple as it's able to accelerate its ARR growth.

CyberArk Software: Transition Complete, ARR Growth Accelerates

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CyberArk's second-quarter results exceeded guidance on all metrics. Subscription revenue grew 61% year over year, while annual recurring revenue soared 77%.

Why CyberArk Software Stock Popped Today

CyberArk Software Ltd. (NASDAQ:CYBR ) Q2 2023 Earnings Conference Call August 10, 2023 8:00 AM ET Company Participants Erica Smith - Head of IR Matt Cohen - CEO Joshua Siegel - CFO Conference Call Participants Saket Kalia - Barclays Capital Jonathan Ho - William Blair Robbie Owens - Piper Sandler Angie Song - Morgan Stanley Gregg Moskowitz - Mizuho Brian Essex - JPMorgan Eric Heath - KeyBanc Capital Markets Roger Boyd - UBS Joshua Tilton - Wolfe Research Adam Borg - Stifel Trevor Walsh - JMP Securities Alexander Henderson - Needham & Company Rudy Kessinger - D.A.

CyberArk Software Ltd. (CYBR) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for CyberArk (CYBR) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, CyberArk (CYBR) Q2 Earnings: A Look at Key Metrics

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced strong financial results for the second quarter ended June 30, 2023. “We had a great quarter, beating our guidance across all metrics, which demonstrates the momentum in our business and the durability of demand for our identity security platform,” said Matt Cohen, CyberArk's Chief Executive Officer. “We had a strong new business quarter and existing customers expanded.

CyberArk Announces Strong Second Quarter 2023 Results

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CyberArk's Q2 Report May Offer Buy Zone For AI Threat Specialist

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As AI Reaches A Fever Pitch, Demand For This Firm's Services Is Surging

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced that CyberArk Endpoint Privilege Manager will be featured in the Lenovo™ (HKSE: 992) (ADR: LNVGY) ThinkShield security portfolio. Lenovo customers will be able to benefit from CyberArk's SaaS-based solution, which enables organizations to implement foundational endpoint security controls. These controls aim to block and contain potential cyber attacks on the endpoint an.

CyberArk to Deliver Advanced Endpoint Privilege Security Controls to Lenovo Customers

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NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced the release of its latest Environmental, Social and Governance (ESG) report. CyberArk's approach to ESG and sustainability is grounded in its commitment to its people, core values, communities and the environment, and to integrating the principles of ESG into the company's operations and strategic decision making. The report details milestones for the company's ESG prog.

CyberArk Publishes Third Annual Environmental, Social and Governance Report

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NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced that it will report its second quarter 2023 financial results before the U.S. financial markets open on Thursday, August 10, 2023. In conjunction with this announcement, CyberArk will host a conference call on Thursday, August 10, 2023 at 8:30 a.m. Eastern Time (ET) to discuss the company's second quarter financial results and its business outlook. To access this call,.

CyberArk to Announce Second Quarter 2023 Financial Results on August 10

CyberArk's growth remains resilient, driven by its growing cloud presence and expansion into adjacent areas like access management. The identity management market is likely to consolidate around a few large platforms, with CyberArk potentially benefiting as a leader in Privileged Access Management. Given macro headwinds and a potential increase in competition, CyberArk's stock appears fully priced.

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