The Latest Breaking News from CyberArk Software Ltd

Cybersecurity firms safeguard the digital world by addressing emerging threats like quantum risks and identity-based attacks, driving market growth and making them strong investment options. Therefore, it could be wise to consider strong cybersecurity stocks like CyberArk Software (CYBR), Fortinet (FTNT), and Check Point Software Technologies (CHKP). Read on.

The software industry is undergoing rapid transformation, driven by advancements in cloud computing, SaaS models, and mobile-first development. As a result, high-performing, fundamentally solid software stocks CyberArk (CYBR), AvePoint (AVPT), and Okta (OKTA) are setting new benchmarks in this dynamic market. Read further.

Stephens analyst Brian Colley initiated coverage on five security software companies. Colley initiated CrowdStrike Holdings, Inc (NASDAQ:CRWD) with an Overweight and a $232 price target (47.4% upside).  Colley saw the comprehensive and expanding product offering opening a large growing TAM with meaningful upsell/cross-sell opportunities. He saw a sizable underpenetrated opportunity in the cloud security market.…

Although Cyberark Software Ltd (NASDAQ: CYBR) reported disappointing first-quarter revenue of $127.6 million, its earnings were better than Street ex

CyberArk Software Ltd (NASDAQ:CYBR) reported first-quarter FY22 revenue growth of 13% year-on-year to $127.6 million, missing the consensus of $130.3 million. Non-GAAP EPS loss of $(0.30) beat the consensus loss of $(0.31). Segments: Revenues from Subscription expanded 110% Y/Y to $51.9 million. Maintenance and professional services rose 6.1% Y/Y to $65.1 million. Key Performance…

CyberArk Software Ltd (NASDAQ: CYBR) reported fourth-quarter FY21 revenue growth of 5% year-on-year to $151.3 million, beating the consensus of $144.5 million. Non-GAAP EPS of $0.28 beat the consensus of $0.16.