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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NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)---- $CYBR #identitysecurity--CyberArk (NASDAQ: CYBR), the identity security company, today announced a new customer video series called Fearlessly Forward that explores the people behind cybersecurity and the human connections they forge to secure their organizations effectively, a task more critical than ever with identity-based breaches affecting enterprises, on average, two or more times each in the last 12 months1. The first episode in the series features Aflac, a.

CyberArk Introduces ‘Fearlessly Forward' Customer Video Series that Explores the Human Connections Behind Cybersecurity

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If investors want to future-proof their portfolio, they should purchase strong buy cybersecurity stocks since cyber assaults are becoming more sophisticated and could cost $9.5 trillion globally in 2024. Cloud intrusions soared 75%, and malware-free attacks increased dramatically, the 2024 CrowdStrike (NASDAQ: CRWD ) Global Threat Report reveals.

Wall Street Favorites: 3 Cybersecurity Stocks With Strong Buy Ratings for June 2024

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Knowing which tech stocks to buy may be crucial to financial success and portfolio growth. Tech stocks are expected to drive market interest through 2024, with breakthroughs redefining industries and securing significant investor interest.

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NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced that IIFL Group, one of India's largest financial services conglomerates, has chosen the CyberArk Identity Security Platform to implement least privilege across vulnerable, high-risk developer endpoints for greater threat protection, improved user experience and simplified compliance reporting. The IIFL Group employs over 30,000 people and caters to more than seven mill.

IIFL Group Secures Developer Access To Sensitive Data and Applications With CyberArk

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)---- $CYBR #identitysecurity--CyberArk (NASDAQ: CYBR), the identity security company, announced its 2024 Identity Security Impact Award winners at IMPACT 24, CyberArk's annual conference. The awards honor CyberArk customers that have recognized that dynamic environments, with rapidly increasing numbers of new human and machine identities to manage and secure, require strategies to secure all identities with a unified approach backed by intelligent privilege controls. “I.

CyberArk Announces 2024 Identity Security Impact Customer Award Winners

CyberArk (CYBR) expands its global footprint by adding Coca-Cola Hellenic Bottling Company to its identity security clientele.

CyberArk (CYBR) Expands Customer Base With Coca-Cola HBC

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CyberArk Software provides identity management services to more than 8,000 customers. Fortinet boasts a portfolio of more than 50 enterprise-grade cybersecurity products.

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LONDON--(BUSINESS WIRE)---- $CYBR #identitysecurity--CyberArk (NASDAQ: CYBR), the identity security company, today announced that Coca-Cola Hellenic Bottling Company (Coca-Cola HBC), a prominent manufacturer and distributor of Coca-Cola products in Europe, has chosen the CyberArk Identity Security Platform to help safeguard its cloud migration, secure critical assets and to manage sensitive access for both internal and external users. Coca-Cola HBC is an established beverage partner of the Coca-Cola Company. With more tha.

Coca-Cola Hellenic Bottling Company Selects CyberArk for Identity Security

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Cybersecurity stocks are great long-term buys because we're still not prepared for cyber attacks, even after hundreds of incidents over the years. It's estimated that global cybercrime damage costs will reach $10.5 trillion USD annually by 2025, up from $3 trillion USD in 2015.

The 7 Best Cybersecurity Stocks to Buy in June 2024

Cyberattacks are still wreaking global havoc. While it's a royal pain, it is creating big opportunities for some of the most undervalued cybersecurity stocks.

The 3 Most Undervalued Cybersecurity Stocks to Buy in June 2024

Intuit

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Saving for your golden years generally follows the tried-and-true principle of acquiring passive income providers, but these retirement growth stocks can offer a twist to this narrative. Don't get me wrong: you should still stick with your bread and butter.

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CyberArk has been a notably better stock to own than Okta since 2017. The company is striking what could be a lucrative merger deal.

Disappointed in Okta? This Cybersecurity Stock Is a Better Buy

Cybersecurity stocks to buy benefit from an incredibly cynical narrative: when bad things happen in the digital realm, the bullish case for the aforementioned sector rises. Given this correlation, it's easy to see why some folks have a conspiratorial view of the cybersecurity ecosystem.

Hack-Proof Profits: 3 Cream-of-the-Crop Cybersecurity Stocks to Buy Now

monday.com

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TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Walmart and Monday.com.

Top Wall Street analysts prefer these three stocks for the long haul

Zacks.com users have recently been watching CyberArk (CYBR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Here is What to Know Beyond Why CyberArk Software Ltd. (CYBR) is a Trending Stock

BOULDER, Colo.--(BUSINESS WIRE)-- #CloudIAM--Strata Identity, the Identity Orchestration company, today announced it will host an Orchestration Kitchen webinar with CyberArk on May 23 on how to replace outdated identity providers like Siteminder, Oracle Access Manager (OAM) and IBM Tivoli with CyberArk Identity without rewriting applications. In addition, Strata Identity's Senior Director of Product Marketing, Mark Callahan, will participate with Brandon McCaffrey, CyberArk's Solutions Strategy Architect,.

Strata Identity to Present Orchestration Kitchen Workshop with CyberArk on Modernizing Identity for Legacy Applications

Radware

We're still sitting ducks when it comes to cyberattacks, which creates an opportunity for some of the top cybersecurity stocks to buy. The U.S. Environmental Protection Agency (EPA) just warned that attacks against water utilities are becoming more frequent and severe.

3 Cybersecurity Stocks That Could Be Millionaire-Makers: May Edition

NASHVILLE, Tenn.--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced at its annual conference, CyberArk IMPACT 24, new enhancements across its Identity Security Platform. Driven by AI and Identity Threat Detection and Response (ITDR), the new functionality enables organizations to apply the right level of privilege controls to every identity, while providing a consistent customer experience for CyberArk administrators and end users. With 93% of organization.

CyberArk Extends Identity Security Platform with New Capabilities for Securing Every User

FT. LAUDERDALE, Fla.--(BUSINESS WIRE)-- #BPO--iQor, a managed services provider of customer engagement and technology-enabled business process outsourcing (BPO) solutions, announced today that iQor Enterprise Technical Architect Nate Nelson has been invited to speak on the “New Approaches: Identity Security Requirements for Developers” panel at CyberArk IMPACT 24 in Nashville, Tennessee, on May 22. The session is designed to provide insights on establishing sustainable and effective cloud security pro.

iQor to Speak at CyberArk IMPACT 24

CyberArk (CYBR) aims to merge Venafi's advanced machine identity management capabilities with its robust identity security solutions, creating a comprehensive platform for enterprise-scale machine identity security.

CyberArk (CYBR) Buys Venafi to Fortify Machine Identity Security

NASHVILLE, Tenn.--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced at its annual conference, CyberArk IMPACT 24, the availability of CyberArk CORA AI, a new set of AI-powered capabilities that will be embedded across its identity security platform. CORA AI will translate vast numbers of identity data points into insights and enables multi-step actions in natural language, empowering users and their organizations to be more secure, efficient and effective.

CyberArk Supercharges Identity Security Platform with CyberArk® CORA™ AI

CyberArk plans to acquire Venafi from Thoma Bravo for an enterprise value of about $1.54 billion, saying it aims to create a unified platform for machine identity security at scale. The acquisition will add Venafi's machine identity management solutions to CyberArk's identity security capabilities, the companies said in a Monday (May 20) press release.

CyberArk to Acquire Venafi, Expand Machine Identity Security Capabilities

More cybersecurity consolidation coming your way, with bigger players picking up startups that will help them bolt on tech to meet the ever-expanding attack surface for enterprises as they move more activity into the cloud. In the latest development, CyberArk — one of the army of larger security companies founded out of Israel — is acquiring Venafi, a specialist in machine identity, for $1.54 billion in a cash and share deal.

CyberArk snaps up Venafi for $1.54B to ramp up in machine-to-machine security

Cybersecurity firm CyberArk said on Monday it will acquire Venafi from equity firm Thoma Bravo in a deal valued at around $1.54 billion.

CyberArk to acquire Venafi in $1.5 bln deal

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced it has signed a definitive agreement to acquire Venafi, a leader in machine identity management, from Thoma Bravo. This acquisition will combine Venafi's best-in-class machine identity management capabilities with CyberArk's leading identity security capabilities to establish a unified platform for end-to-end machine identity security at enterprise scale. Digital transf.

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