Welcome to our dedicated page for CyberArk Software Ltd. news (Ticker: $CYBR), a resource for investors and traders seeking the latest updates and insights on CyberArk Software Ltd. stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CyberArk Software Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CyberArk Software Ltd.'s position in the market.
CyberArk (NASDAQ: CYBR) announced that FM Logistic selected their Identity Security Platform to secure identities globally for their digital transformation. With 28,000 employees, FM Logistic aims to optimize supply chain operations and boost productivity through a cloud migration initiative. The CyberArk solution streamlines identity management, enhances cyber protection, and supports modern use cases.
CyberArk announced strong first quarter 2024 results, exceeding all guided metrics. Subscription revenue grew 69% YoY to $156.2 million, total ARR grew 34% YoY to $811 million, and total revenue grew 37% YoY to $221.6 million. The company raised full-year guidance across all metrics.
CyberArk has achieved new SOC 2 Type 2 and SOC 3 certifications for its identity security platform, providing customers with transparent controls. The certifications ensure that CyberArk's Identity Security Platform offers Zero Trust and least privilege with complete visibility, allowing secure access to any resource from anywhere. Various components of the platform, such as CyberArk Conjur Cloud and CyberArk Dynamic Privilege Access, received compliance this year. These certifications showcase CyberArk's commitment to protecting customer data against identity-centric threats.
