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CyberArk Software Ltd - CYBR STOCK NEWS

Welcome to our dedicated news page for CyberArk Software (Ticker: CYBR), a resource for investors and traders seeking the latest updates and insights on CyberArk Software.

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'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's position in the market.

Rhea-AI Summary
CyberArk announces the winners of its 2023 Global Partner of the Year awards, recognizing top-performing partners for delivering exceptional customer value and accelerating growth in identity security-based programs. Accenture, AWS, CapGemini, CGI, Deloitte, KPMG, and Kyndryl are among the award recipients, with CyberArk's partner program achieving strong momentum in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.41%
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Rhea-AI Summary
Trullion, a leading provider of corporate accounting software, strengthens its leadership team with the addition of four new executives to support its geographic expansion into the US and EMEA regions. The new executives bring extensive experience from companies like IBM, American Express, Mixpanel, and BlackLine, enhancing Trullion's global growth strategy.
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-2.41%
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Rhea-AI Summary
CyberArk (CYBR) to present at upcoming investor conferences in March 2024 in San Francisco, with webcasts available on the company's investor relations website.
Rhea-AI Impact
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-3.87%
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conferences
Rhea-AI Summary
CyberArk (CYBR) announced that Indiana University Health (IU Health) has expanded its use of the CyberArk Identity Security Platform to fortify cybersecurity protocols, strengthen incident response, and reduce cyber insurance costs. The expansion focuses on locking down third-party risk across its vendor ecosystem by securing vendor access and service accounts. The CyberArk PAM implementation enables IU Health to better manage the expanding number of privileged credentials across its network and isolate and monitor sessions to detect and respond to threats. The CyberArk Identity Security Platform provides intelligent privilege controls, seamlessly securing human and machine identities accessing workloads from hybrid to multi-cloud, and flexibly automating the identity lifecycle with continuous threat detection and prevention.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.58%
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Rhea-AI Summary
CyberArk (CYBR) reported strong financial results for the fourth quarter and full year ended December 31, 2023. The company exceeded expectations across all guided metrics with a subscription portion of annual recurring revenue (ARR) of $582 million, growth of 60% year-over-year, and total ARR of $774 million, growth of 36% year-over-year. The subscription revenue for the full year 2023 was $472.0 million, growing 68% year-over-year, and the total revenue for the full year was $751.9 million, with growth accelerating to 27% year-over-year. CyberArk also achieved a net cash provided by operating activities of $56.2 million for the full year 2023. The company's financial performance for the fourth quarter and full year 2023 demonstrated strong growth and profitability, positioning it for continued success in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.58%
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earnings
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Rhea-AI Summary
CyberArk (CYBR) has appointed Eduarda Camacho as its new chief operating officer (COO), bringing over 25 years of global senior leadership experience at SaaS and enterprise software companies. Camacho will lead CyberArk’s go-to-market strategy and field execution, focusing on creating value through best-in-class customer experiences. Prior to joining CyberArk, she served as chief customer officer (CCO) and senior vice president of customer success at BMC Software, and executive vice president and CCO at PTC. CyberArk's CEO, Matt Cohen, highlighted the company's unprecedented opportunity to accelerate growth and solidify its identity security leadership position, emphasizing the importance of executing at scale while keeping the customer experience and security-first approach at the center of everything they do. Camacho expressed her excitement to join CyberArk, citing the company's reputation in the market, the strength of the innovative CyberArk Identity Security Platform, and its clearly defined mission to protect customers from cyberthreats.
Rhea-AI Impact
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1.84%
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management
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CyberArk (CYBR) to Report Q4 and Year End 2023 Financial Results on February 8, 2024
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End-of-Day
-1.26%
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earnings
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Rhea-AI Summary
CyberArk (NASDAQ: CYBR) named Overall Leader in KuppingerCole Analysts AG 2023 'Leadership Compass: Cloud Infrastructure Entitlement Management (CIEM)' report, highlighting CyberArk Identity Security Platform's strength and innovative cloud security solutions.
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-0.49%
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Rhea-AI Summary
CyberArk (CYBR) was named an Overall Leader in the KuppingerCole Analysts AG 2023 'Leadership Compass: Access Management' report. The company's CyberArk Identity offering received high praise across product, innovation, and market categories. The report highlighted the strength of the CyberArk Identity Security Platform in simplifying identity and access management while providing top-level security. CyberArk's focus on providing a comprehensive experience for different types of users, such as employees, customers, partners, and more, was also noted. The company's commitment to providing innovative security-first access management solutions to its customers and partners was emphasized. CyberArk's extension of passwordless authentication capabilities to include support for passkeys was also announced.
Rhea-AI Impact
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End-of-Day
0.31%
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Rhea-AI Summary
CyberArk (CYBR) introduces passkeys for passwordless authentication, providing strong protection against identity theft and account takeover. The addition of passkeys reduces the attack surface and minimizes credential theft, offering phishing-resistant, FIDO2-compliant credentials. CyberArk Identity also supports YubiKey One Time Passcode (OTP) for secure authentication to any application protected by CyberArk Identity. CyberArk was named an Overall Leader in the KuppingerCole Analysts AG 'Leadership Compass: Passwordless Authentication' report.
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CyberArk Software Ltd

Nasdaq:CYBR

CYBR Rankings

CYBR Stock Data

10.77B
41.52M
0%
99.7%
4.91%
Software Publishers
Information
Link
Israel
P O Box 3143

About CYBR

cyberark is the only security company laser-focused on striking down targeted cyber threats, those that make their way inside to attack the heart of the enterprise. dedicated to stopping attacks before they stop business, cyberark is trusted by the world’s leading companies — including 40% of the fortune 100 companies — to protect their highest-value information assets, infrastructure and applications. for over a decade cyberark has led the market in securing enterprises against cyber attacks that take cover behind insider privileges and attack critical enterprise assets. today, only cyberark is delivering a new category of targeted security solutions that help leaders stop reacting to cyber threats and get ahead of them, preventing attack escalation before irreparable business harm is done. at a time when auditors and regulators are recognizing that privileged accounts are the fast track for cyber attacks and demanding stronger protection, cyberark’s security solutions master high-s