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 released a new global research report that shows how siloed approaches to securing human and machine identities are driving identity-based attacks across enterprises and their ecosystems. The CyberArk 2024 Identity Security Threat Landscape Report provides unique perspectives on how Artificial Intelligence (AI) boosts cyber defenses as well as attacker capabilities; increases the.

Report: 93% Of Organizations Had Two or More Identity-Related Breaches in the Past Year

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced that it will host an Investor Strategy Update during CyberArk IMPACT 24: the Identity Security Conference. Members of CyberArk's executive team will discuss the company's leadership position in identity security, our innovation roadmap, as well as market dynamics and our go-to-market approach. The Investor Strategy Update will take place at the JW Marriott in Nashville,.

CyberArk to Host Investor Strategy Update at IMPACT 24: The Identity Security Conference on May 21, 2024

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Cybersecurity Stocks at an Intriguing Entry Point

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)---- $CYBR #identitysecurity--CyberArk (NASDAQ: CYBR), the identity security company, today announced upcoming highlights of CyberArk IMPACT 24, the company's annual conference dedicated to identity security, taking place from May 20-22 at the JW Marriott Nashville. The largest customer and partner conference of its kind in the world, IMPACT 24 will showcase how to safeguard the entire spectrum of identities across IT, developers, workforce and machines. Today's threat.

CyberArk Previews IMPACT 24: The Identity Security Conference

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PARIS--(BUSINESS WIRE)---- $CYBR #identitysecurity--CyberArk (NASDAQ: CYBR), the identity security company, today announced that FM Logistic, a global supply chain management service, has selected the CyberArk Identity Security Platform to secure tens of thousands of identities around the world and provide a secure foundation for its digital transformation and information security. With 28,000 people worldwide, FM Logistic helps optimize the global supply chain by monitoring computerized inventory management, order proces.

FM Logistic Chooses the CyberArk Identity Security Platform to Secure Its Digital Transformation and Help Bolster Supply Chain Resilience

CyberArk's (CYBR) Q1 top-line performance reflects the benefits of the strong demand for the company's SaaS solutions, while lower expenses drive bottom-line results.

CyberArk (CYBR) Crushes Q1 Earnings & Revenue Estimates

CyberArk Software Ltd. (NASDAQ:CYBR ) Q1 2024 Results Conference Call May 2, 2024 8:30 AM ET Company Participants Erica Smith - Senior Vice President, Finance and Investor Relations Matt Cohen - Chief Executive Officer Josh Siegel - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Gregg Moskowitz - Mizuho Brian Essex - JPMorgan Rob Owens - Piper Sandler Fatima Boolani - Citigroup Joseph Gallo - Jefferies Hamza Fodderwala - Morgan Stanley Adam Borg - Stifel Roger Boyd - UBS Securities Andrew Nowinski - Wells Fargo Ittai Kidron - Oppenheimer Shrenik Kothari - Baird Operator Thank you for standing by.

CyberArk Software Ltd. (CYBR) Q1 2024 Earnings Call Transcript

The headline numbers for CyberArk (CYBR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

CyberArk (CYBR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

CyberArk (CYBR) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to loss of $0.17 per share a year ago.

CyberArk (CYBR) Q1 Earnings and Revenues Top Estimates

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced strong financial results for the first quarter ended March 31, 2024. “We had a strong start to 2024. Our first quarter results reflect our focus on driving growth and profitability at scale. We posted 54 percent Subscription ARR growth and 37 percent revenue growth, while significantly expanding operating margins and growing net cash provided by operating activities,” s.

CyberArk Announces Strong First Quarter 2024 Results

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)---- $CYBR #identitysecurity--CyberArk (NASDAQ: CYBR), the identity security company, today announced new Service Organization Control (SOC) 2 Type 2 and SOC 3 certifications for its developer and machine identity security SaaS-based products and capabilities. These certifications, based on a trustworthy and reputable framework, help to provide customers and their auditors with a transparent understanding of the controls CyberArk has implemented to support their operati.

CyberArk Earns New SOC 2 Type 2, SOC 3 Certifications for Identity Security Platform

Evaluate the expected performance of CyberArk (CYBR) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Ahead of CyberArk (CYBR) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics

CyberArk's (CYBR) strong fundamentals, growth initiatives and market positioning make it a compelling choice for investors seeking exposure to the cybersecurity industry.

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CyberArk (CYBR) concluded the recent trading session at $242.60, signifying a -1.01% move from its prior day's close.

CyberArk (CYBR) Stock Sinks As Market Gains: Here's Why

In the most recent trading session, CyberArk (CYBR) closed at $244.53, indicating a +1.84% shift from the previous trading day.

CyberArk (CYBR) Laps the Stock Market: Here's Why

CyberArk (CYBR) announces that it has started hosting its Identity Security Platform services from a UAE-based data center.

CyberArk (CYBR) Begins Hosting Its Security Platform From UAE

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Are Computer and Technology Stocks Lagging CyberArk Software (CYBR) This Year?

DUBAI, United Arab Emirates--(BUSINESS WIRE)---- $CYBR #identitysecurity--CyberArk (NASDAQ: CYBR) the identity security company, today announced the availability of CyberArk Identity Security Platform services hosted from a UAE-based datacenter. These new services bolster CyberArk's ability to support the data sovereignty needs of key industries in the region, underscoring CyberArk's ongoing commitment to empower UAE organizations to better protect against growing attacks on human and machine identities. As the UAE contin.

CyberArk Launches UAE-Hosted Identity Security Platform to Help Secure Identities and Meet Data Sovereignty Requirements

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