CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager, which combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS service that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments. The company also offers robust Identity and Access Management as a Service that provides artificial intelligence based and security-first approach to manage identities, such as workforce identity, which offers adaptive multi-factor authentication (MFA), single sign-on, application gateway, identity lifecycle management, and directory services; and customer identity services that provides authentication and authorization services, MFA, directory, and user management to enable organizations to provide their customers with easy and secure access to websites and applications. In addition, it offers Secrets Manager Credential Providers to provide and manage the credentials used by third-party solutions; and Secrets Manager Conjur for cloud-native applications. The company offers its products to financial services, manufacturing, insurance, healthcare, energy and utilities, transportation, retail, technology, and telecommunications industries; and government agencies through direct sales force, as well as distributors, systems integrators, value-added resellers, and managed security service providers. CyberArk Software Ltd. was founded in 1999 and is headquartered in Petah Tikva, Israel.
IPO Year: 2014
Exchange: NASDAQ
Website: cyberark.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/28/2024 | $317.00 | Buy | BTIG Research |
2/8/2024 | $300.00 | Overweight | Cantor Fitzgerald |
1/9/2024 | $195.00 → $240.00 | Overweight → Equal-Weight | Morgan Stanley |
12/15/2023 | $255.00 | Positive | Susquehanna |
12/15/2023 | $240.00 | Buy | Jefferies |
12/4/2023 | $166.00 → $250.00 | Equal Weight → Overweight | Wells Fargo |
10/17/2023 | $182.00 → $200.00 | Neutral → Overweight | JP Morgan |
9/7/2023 | $200.00 | Buy | Guggenheim |
5/2/2023 | $175.00 | Buy | Rosenblatt |
4/21/2023 | $185.00 | Buy | Truist |
Cantor Fitzgerald analyst Yi Fu Lee reiterates CyberArk Software (NASDAQ:CYBR) with a Overweight and maintains $300 price target.
CrowdStrike Holdings, Inc.’s (NASDAQ:CRWD) pain has become a gain for its cybersecurity peers and the latter as a group are seen advancing strongly in premarket trading on Friday. Microsoft Corp. (NASDAQ:MSFT) properties experienced a significant outage, causing disruptions for banks, airlines, media companies, and emergency services worldwide. The outage was reportedly caused by an update from CrowdStrike. CrowdStrike’s CEO George Kurtz informed via social-media platform X that the issue has been identified and a fix has been deployed. “This is not a security incident or cyberattack,” he clarified. CrowdStrike is actively working with customers impacted by a defect found in a single
Barclays analyst Saket Kalia maintains CyberArk Software (NASDAQ:CYBR) with a Overweight and raises the price target from $280 to $315.
Guggenheim analyst Raymond McDonough reiterates CyberArk Software (NASDAQ:CYBR) with a Buy and maintains $300 price target.
Cantor Fitzgerald analyst Yi Fu Lee reiterates CyberArk Software (NASDAQ:CYBR) with a Overweight and maintains $300 price target.
JMP Securities analyst Trevor Walsh reiterates CyberArk Software (NASDAQ:CYBR) with a Market Outperform and maintains $310 price target.
CyberArk (NASDAQ:CYBR), The identity security company, today announced that Technological University Dublin (TU Dublin) has implemented the CyberArk Identity Security Platform to enhance the security of privileged identities in their high-risk hybrid environment. TU Dublin is Ireland's first technological university, established in 2019 and with nearly 30,000 students. It was formed when three pre-existing institutes of technology merged, resulting in a complicated IT infrastructure spread across self-hosted and cloud environments. Privileged and sensitive credential management presented challenges, especially for third party vendors connecting to internal systems, who needed to rely on t
Intelligent privileged controls enable RBL Finserve to enforce least privilege policies, monitor privileged sessions and detect and respond to threats in near real-time CyberArk (NASDAQ:CYBR), the identity security company, today announced that one of India's leading financial institutions, RBL Finserve, has chosen the CyberArk Identity Security Platform to boost cyber resilience, safeguard customer data and ensure business continuity in the face of a rapidly evolving threat landscape. Through a network of over 1000 branches, RBL Finserve provides financial services for millions of customers, with an especially strong presence in economically vulnerable communities. Its increased relian
CyberArk (NASDAQ:CYBR), The identity security company, today announced that it has earned the Trusted Cloud Provider trustmark from the Cloud Security Alliance (CSA), the world's leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. The Trusted Cloud Provider trustmark helps organizations to identify providers that have invested to achieve the highest standards of cloud security in their product offerings. "This internationally-recognized certification from CSA reaffirms CyberArk's cloud security commitment to organizations across the world," said Clarence Hinton, chief strategy officer at CyberArk. "CyberAr
CyberArk (NASDAQ:CYBR), the identity security company, today announced that it will present at the following investor conferences: Citi Global TMT Conference New York Thursday, September 5, 2024 8:20 a.m. ET Piper Sandler Growth Frontiers Conference Nashville, Tenn. Tuesday, September 10, 2024 9:00 a.m. CT The presentations will be webcast live and an archive of the presentations will be available for a limited time under the "Events & Presentations" section on the company's investor relations website (http://investors.cyberark.com/). About CyberArk CyberArk (NASDAQ:CYBR) is the global leader in identity security. Centered on intelligent privilege controls, CyberArk provides the mos
CyberArk (NASDAQ:CYBR), the identity security company, today announced that SAP Enterprise Cloud Services (ECS) will implement CyberArk to secure privileged and sensitive access to their cloud services with zero standing privileges, protecting client data and allowing for easier auditing. SAP ECS is the biggest private cloud in the world. With hundreds of thousands of servers, it runs the core operations of more than 6,000 of the largest organizations worldwide, across all major industries. SAP ECS accelerates and simplifies customers' business transformation by running their SAP enterprise resource planning (ERP) stack with a world-class level of availability, security and resilience on
Results Exceeded all Guided Metrics Subscription Portion of Annual Recurring Revenue (ARR) Grew 50% Year-Over-Year to $677 million Total ARR Grew 33% Year-Over-Year to $868 million Subscription Revenue Grew 49% Year-Over-Year to $158.4 million Total Revenue Grew 28% Year-Over-Year Reaching a Record of $224.7 million Net Cash Provided by Operating Activities for the Six Months Ended June 30, 2024 of $113.0 million Company Raises Full Year Guidance Across all Metrics CyberArk (NASDAQ:CYBR), the identity security company, today announced strong financial results for the second quarter ended June 30, 2024. "We had a strong quarter, posting record revenue and increasing our profi
CyberArk (NASDAQ:CYBR), the identity security company, today announced that leading travel technology company, Fareportal, has chosen the CyberArk Identity Security Platform to improve its security management, reduce risk and gain greater privileged access control and visibility. The CyberArk Identity Security Platform enables secure access for any identity — human or machine — to any resource or environment from anywhere, using any device. Every month, Fareportal handles over 500 million site visits from customers looking for low-cost, high-value travel experiences and has implemented robust cybersecurity programs to protect these customers as well as its staff, assets and operations. Ho
Leading European delivery company secures IT access and meets complex security audit requirements in partnership with AMI Praha CyberArk (NASDAQ:CYBR), the identity security company, today announced that DPD Czech has implemented the CyberArk Identity Security Platform to lock down privileged and sensitive access and provide users with one-click access to all systems and services. In partnership with system integrator AMI Praha, the project also helped the organization meet audit and regulatory requirements, including NIS2. DPD Czech is part of Geopost, the largest parcel transport network in Europe and the leading delivery company in the Czech Republic. It has 1,800 couriers and a netw
CyberArk manages, rotates and secures thousands of secrets across hundreds of commercial and homegrown applications CyberArk (NASDAQ: CYBR), the identity security company, today announced that leading Indian bank DCB Bank Ltd. has chosen the CyberArk Identity Security Platform to augment productivity, strengthen identity security and further bolster compliance and auditing capabilities. Built for the dynamic enterprise, the CyberArk Identity Security Platform enables secure access for any identity — human or machine — to any resource or environment from anywhere, using any device. DCB Bank Ltd. is one of India's new generation private sector banks with 442 branches, one million active c
CyberArk (NASDAQ:CYBR), the identity security company, today announced that it will report its second quarter 2024 financial results before the U.S. financial markets open on Thursday, August 8, 2024. In conjunction with this announcement, CyberArk will host a conference call on Thursday, August 8, 2024 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, dial +1 (888) 330-2455 (U.S.) or +1 (240) 789-2717 (international). The conference ID is 6515982. Additionally, a live webcast of the conference call will be available via the "Investor Relations" section of the company's website at www.cyberark.com. Fol
BTIG Research initiated coverage of CyberArk with a rating of Buy and set a new price target of $317.00
Cantor Fitzgerald resumed coverage of CyberArk with a rating of Overweight and set a new price target of $300.00
Morgan Stanley downgraded CyberArk from Overweight to Equal-Weight and set a new price target of $240.00 from $195.00 previously
Susquehanna initiated coverage of CyberArk with a rating of Positive and set a new price target of $255.00
Jefferies initiated coverage of CyberArk with a rating of Buy and set a new price target of $240.00
Wells Fargo upgraded CyberArk from Equal Weight to Overweight and set a new price target of $250.00 from $166.00 previously
JP Morgan upgraded CyberArk from Neutral to Overweight and set a new price target of $200.00 from $182.00 previously
Guggenheim initiated coverage of CyberArk with a rating of Buy and set a new price target of $200.00
Rosenblatt initiated coverage of CyberArk with a rating of Buy and set a new price target of $175.00
Truist initiated coverage of CyberArk with a rating of Buy and set a new price target of $185.00
Results Exceeded all Guided Metrics Subscription Portion of Annual Recurring Revenue (ARR) Grew 50% Year-Over-Year to $677 million Total ARR Grew 33% Year-Over-Year to $868 million Subscription Revenue Grew 49% Year-Over-Year to $158.4 million Total Revenue Grew 28% Year-Over-Year Reaching a Record of $224.7 million Net Cash Provided by Operating Activities for the Six Months Ended June 30, 2024 of $113.0 million Company Raises Full Year Guidance Across all Metrics CyberArk (NASDAQ:CYBR), the identity security company, today announced strong financial results for the second quarter ended June 30, 2024. "We had a strong quarter, posting record revenue and increasing our profi
CyberArk (NASDAQ:CYBR), the identity security company, today announced that it will report its second quarter 2024 financial results before the U.S. financial markets open on Thursday, August 8, 2024. In conjunction with this announcement, CyberArk will host a conference call on Thursday, August 8, 2024 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, dial +1 (888) 330-2455 (U.S.) or +1 (240) 789-2717 (international). The conference ID is 6515982. Additionally, a live webcast of the conference call will be available via the "Investor Relations" section of the company's website at www.cyberark.com. Fol
Report Highlights Accomplishments of CyberArk's Continued Efforts To Build a Diverse, Equitable and Sustainable Organization 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 is grounded in its commitment to its people, core values, communities and environmental stewardship. The report details the company's sustainability program milestones, including its progress enhancing initiatives across its core focus areas: Governance, Ethics and Compliance; Cybersecurity and Data Privacy; Culture and Talent; Communities; and Environment. "We continue to make progress on
Sets New Standard for End-to-End Machine Identity Security Provides Significant Top-Line Growth Synergies and Expected to be Immediately Accretive to Margins Expands CyberArk's Total Addressable Market with Complementary Machine Identity Solutions 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
Results Exceeded all Guided Metrics Subscription Portion of Annual Recurring Revenue (ARR) Grew 54% Year-Over-Year to $621 million Total ARR Grew 34% Year-Over-Year to $811 million Subscription Revenue Grew 69% Year-Over-Year to $156.2 million Total Revenue Grew 37% Year-Over-Year to $221.6 million Net Cash Provided by Operating Activities for the Quarter was $68.6 million Company Raises Full Year Guidance Across all Metrics 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
CyberArk (NASDAQ:CYBR), the identity security company, today announced that it will report its first quarter 2024 financial results before the U.S. financial markets open on Thursday, May 2, 2024. In conjunction with this announcement, CyberArk will host a conference call on Thursday, May 2, 2024 at 8:30 a.m. Eastern Time (ET) to discuss the company's first quarter financial results and its business outlook. To access this call, dial +1 (888) 330-2455 (U.S.) or +1 (240) 789-2717 (international). The conference ID is 6515982. Additionally, a live webcast of the conference call will be available via the "Investor Relations" section of the company's website at www.cyberark.com. Following t
Company Exceeds Expectations Across all Guided Metrics Subscription Portion of Annual Recurring Revenue (ARR) of $582 million; Growth of 60% Year-over-Year Total ARR of $774 million; Growth of 36% Year-over-Year Subscription Revenue of $472.0 million for Full Year 2023; Growth of 68% Year-Over-Year Record Total Revenue of $751.9 million for Full Year 2023; Growth Accelerates to 27% Year-Over-Year Net Cash Provided by Operating Activities of $56.2 million for the Full Year 2023 CyberArk (NASDAQ:CYBR), the identity security company, today announced strong financial results for the fourth quarter and full year ended December 31, 2023. "2023 was a momentous year for CyberArk and
CyberArk (NASDAQ:CYBR), the identity security company, today announced that it will report its fourth quarter and year end 2023 financial results before the U.S. financial markets open on Thursday, February 8, 2024. In conjunction with this announcement, CyberArk will host a conference call on Thursday, February 8, 2024 at 8:30 a.m. Eastern Time (ET) to discuss the company's fourth quarter and year end financial results and its business outlook. To access this call, dial +1 (888) 330-2455 (U.S.) or +1 (240) 789-2717 (international). The conference ID is 6515982. Additionally, a live webcast of the conference call will be available via the "Investor Relations" section of the company's webs
Company Exceeds Expectations Across all Guided Metrics Subscription Portion of Annual Recurring Revenue (ARR) of $504 million; Growth of 68% Year-over-Year Total ARR of $705 million; Growth of 38% Year-over-Year Subscription Revenue of $122.9 million in Q3; Growth of 65% Year-Over-Year Record Total Revenue of $191.2 million in Q3 Exceeds Guidance; Growth Accelerating to 25% Year-Over-Year Company Significantly Raises Full Year ARR Guidance to a Range of $758 million to $768 million from $743 million to $753 million CyberArk (NASDAQ:CYBR), the identity security company, today announced strong financial results for the third quarter ended September 30, 2023. "Strong execution and robust i
CyberArk (NASDAQ:CYBR), the identity security company, today announced that it will report its third quarter 2023 financial results before the U.S. financial markets open on Thursday, November 2, 2023. In conjunction with this announcement, CyberArk will host a conference call on Thursday, November 2, 2023 at 8:30 a.m. Eastern Time (ET) to discuss the company's third quarter financial results and its business outlook. To access this call, dial +1 (888) 330-2455 (U.S.) or +1 (240) 789-2717 (international). The conference ID is 6515982. Additionally, a live webcast of the conference call will be available via the "Investor Relations" section of the company's website at www.cyberark.com. F
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CyberArk (NASDAQ:CYBR), the identity security company, today announced the appointment of Eduarda Camacho as chief operating officer (COO). Ms. Camacho brings more than 25 years of global senior leadership experience at SaaS and enterprise software companies with a primary focus on creating value through best-in-class customer experiences. As COO, Camacho will lead CyberArk's go-to-market strategy and field execution. This includes executive leadership over the entire customer journey including sales, channel and customer success teams worldwide. Camacho most recently served as chief customer officer (CCO) and senior vice president of customer success at BMC Software. At BMC, she led the
CyberArk (NASDAQ:CYBR), the identity security company, today announced Mary Yang as the newest member of its board of directors. Yang has more than 25 years of experience in technology-related fields and has built a successful career serving in executive leadership positions focused on strategy execution, corporate development, alliance opportunities and global M&A activity. Yang was most recently senior vice president and chief strategy officer of Ciena Corporation, a networking systems, services and software company. She currently serves on the board of directors at Sunnova Energy International Inc., a leading energy service provider. "Mary brings strong leadership experience to the C
With his lengthy military career, Grossman brings strong cloud infrastructure and cybersecurity resiliency experience to this role CyberArk (NASDAQ:CYBR), the global leader in Identity Security, today announced the appointment of Omer Grossman as Global Chief Information Officer (CIO). After serving in the Israel Defense Forces (IDF) for more than 25 years, Grossman will lead CyberArk's Global Information Technology group. Grossman brings deep experience in cybersecurity, cloud infrastructure and building out scalable, resilient IT environments. "Omer is an outstanding leader and we're delighted to welcome him to CyberArk. For the last decade, he has been on the frontlines of cyber warfar
Industry Veteran brings a customer-centric, data-driven focus to drive go-to-market strategy and grow market share for Skybox Skybox Security today announced the appointment of Corey Williams as Chief Marketing Officer. The seasoned marketing executive brings 25 years of experience leading initiatives for high-growth B2B companies. Williams will leverage his extensive cybersecurity background to lead Skybox's core marketing strategy and accelerate market growth. Before joining Skybox, Williams was the head of Identity Security Marketing for CyberArk (NASDAQ:CYBR), where he led the effort to establish the identity security category and reposition CyberArk as the leader in Identity Security
CyberArk (NASDAQ:CYBR), the global leader in Identity Security, today announced the appointment of Peretz Regev as chief product officer. Regev brings more than 20 years of senior leadership and product engineering experience to CyberArk. Previously, Regev was vice president of Global Data Science and Engineering at PayPal. Regev also served as the general manager of PayPal Israel. In this role, Regev will oversee the organization's product management, R&D, innovation and technology operations. He will continue to support CyberArk's Identity Security vision and consistently execute on an innovative roadmap that drives competitive differentiation and customer value. CyberArk established Ide
CyberArk (NASDAQ:CYBR), the global leader in Identity Security, today announced the appointment of Simon Mouyal as Chief Marketing Officer (CMO). Mouyal will be responsible for overseeing global marketing strategy and execution at CyberArk to amplify brand awareness and further extend market leadership. Mouyal is an award-winning marketing leader who brings more than 25 years of technology and SaaS expertise to the organization. "Simon joins CyberArk as an experienced, innovative marketing leader with a proven track record for creating strategy and programs that accelerate demand and building out operationally and digitally-advanced marketing organizations at scale," said Udi Mokady, found
NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the global leader in Identity Security, today announced the appointment of Avril England to its board of directors. England has deep product management, marketing and operational experience, particularly with cloud-based, SaaS-driven businesses. At Veeva Systems Inc., she is the general manager for Veeva Vault, a cloud enterprise content and data management platform and suite of applications specifically built for life sciences. “I am excited to welcome Avril to the CyberArk board, especially as Identity Security becomes foundational to organizations’ evolving cybersecurity strategies,” said Udi Moka
SUNNYVALE, Calif.--(BUSINESS WIRE)--CrowdStrike, a leader in cloud-delivered endpoint and cloud workload protection, today announced the appointment of Marianne Budnik as the company’s new chief marketing officer (CMO). With more than 25 years of experience, Budnik brings deep expertise in the cybersecurity industry, along with Marketing leadership roles in high-growth technology startups, Fortune 500 leaders, and Board-level leadership. Budnik most recently served as CMO for CyberArk (Nasdaq: CYBR) and currently serves on the board of directors of Cerence. As CMO of CrowdStrike, Budnik will be responsible for driving global brand awareness, directing messaging, go-to-market str
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