CyberArk Software Stock News

CyberArk Software Ltd. reported strong Q3 '24 results, with 26% top-line growth and a 43% increase in subscription revenue, driving margins from 9% to 15% when compared to the previous year. The acquisition of Venafi enhances CyberArk's machine identity management capabilities, crucial as enterprises adopt AI and multi-cloud environments. CyberArk's differentiation lies in its secured identity ...

CyberArk Software Ltd.'s strong Q3 2024 earnings and raised full-year guidance reinforce my buy rating, driven by significant ARR growth and increased profitability, with free cash flow at $52 million. CyberArk's valuation metrics, while higher than peers, reflect market confidence and the anticipated benefits from the Venafi acquisition, in my opinion, positioning the stock for further upside....

CyberArk Software Ltd. (CYBR) Q3 2024 Earnings Call Transcript

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the global leader in identity security, today announced a high-impact partnership with leading cloud security provider Wiz. The two companies are joining forces to enable customers to strengthen their multi-cloud security posture with best-in-class visibility and control over privileged human and machine access, wit...

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the global leader in identity security, today announced that Chief Financial Officer (CFO) Josh Siegel will step down on January 1, 2025 and transition into an advisory role. As part of a planned succession, Erica Smith, CyberArk's Deputy Chief Financial Officer, will become Chief Financial Officer and join the exec...

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the global leader in identity security, today announced strong financial results for the third quarter ended September 30, 2024. “CyberArk reported strong results and outperformed guidance across all metrics. Our best-in-class execution and industry leadership in identity security is helping us deliver strong net ne...

CyberArk has transitioned to a full SAAS model, showing strong growth in ARR and improved operating metrics, despite a GAAP operating loss due to stock-based compensation. The acquisition of Venafi will boost CyberArk's TAM by $10 billion, adding $150 million in recurring revenue and enhancing gross margins. CyberArk trades at a premium valuation, similar to top cybersecurity stocks, but its st...

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced that it will present at the following investor conferences: Needham Security, Networking & Communications Conference Virtual Tuesday, November 19, 2024 8:45 a.m. ET RBC Capital Markets Global TIMT Conference New York Tuesday, November 19, 2024 3:20 p.m. ET UBS Global TM...