Welcome to our dedicated page for Cyberark Software news (Ticker: CYBR), a resource for investors and traders seeking the latest updates and insights on Cyberark Software stock.
CyberArk Software Ltd. develops identity security software for securing human, machine and AI identities across enterprise environments. Company news has centered on the CyberArk Identity Security Platform, intelligent privilege controls, workforce and machine identity security, public key infrastructure and TLS certificate management, and privileged access management for cloud and hybrid systems.
Recurring updates also include partner-network awards, security research, market-recognition announcements, product tools, operating results, and corporate-status developments affecting the company’s ordinary shares.
CyberArk (NASDAQ: CYBR) announced it will webcast presentations at two key virtual conferences. The first is the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 24, 2021, at 10:15 a.m. EDT. The second is the William Blair 41st Annual Growth Stock Conference on June 1, 2021, at 9:00 a.m. EDT. The presentations will be archived and available on their investor relations website, ensuring access to insights on their Identity Security solutions for stakeholders.
CyberArk (NASDAQ: CYBR) reported strong financial results for Q1 2021, marking a significant transition to a recurring revenue model. Key metrics include a 180% increase in subscription revenue, totaling $24.7 million, and total revenue of $112.8 million. The company's Annual Recurring Revenue (ARR) grew by 41%, reaching $288 million. Despite a GAAP net loss of $(15.2) million, CyberArk expects to maintain growth momentum, projecting total revenue between $484 million and $496 million for 2021. The financial health remains strong with $1.2 billion in cash and equivalents.
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CyberArk (NASDAQ: CYBR) will announce its first quarter 2021 financial results on May 5, 2021, before U.S. markets open. A conference call will take place at 8:30 a.m. Eastern Time, where the company will discuss its financial performance and business outlook. Investors can join the call by dialing +1 (833) 968-2251 for the U.S. and +1 (778) 560-2670 internationally. A live webcast will also be accessible on the company's website. A replay of the call will be available for one week post-event.
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CyberArk (NASDAQ: CYBR) has appointed Avril England to its board of directors, enhancing its leadership in the Identity Security sector. England brings extensive experience in product management and marketing, having previously worked at Veeva Systems, where she led the Veeva Vault platform’s growth to over 50% of the company’s revenues. Her expertise in high-growth SaaS businesses aligns with CyberArk's strategic shift towards a subscription model. CEO Udi Mokady expressed confidence in England's operational insight as pivotal for CyberArk's future developments.
CyberArk (NASDAQ: CYBR) announced a virtual Investor Day scheduled for March 10, 2021, from 10:00 a.m. to 12:45 p.m. EST. During this event, CyberArk executives will present insights on the company's Identity Security platform, subscription transition strategy, market dynamics, and go-to-market approach. The event will be live-streamed and archived on the company's website for later viewing. Registration details are available via the Investor Relations website.
CyberArk (NASDAQ: CYBR) announced new subscriptions, programs, and tools to enhance Identity Security initiatives for organizations. Key offerings include:
- New Subscription Offerings combining Identity as a Service with Privileged Access Management for various users.
- CyberArk Blueprint providing guidance on Identity Security best practices.
- Identity Security Assessment Tool to measure alignment with best practices.
- Customer Success Plans to aid in executing Identity Security programs.
CyberArk (NASDAQ: CYBR) announced its participation in two upcoming virtual conferences. The presentations will be held at the Morgan Stanley Technology, Media and Telecom Conference on March 1, 2021, at 8:45 a.m. EST, and the JMP Securities Technology Conference on March 2, 2021, at 11:30 a.m. EST. Both events will be webcasted, with archived presentations available on their investor relations website. CyberArk is recognized as a leader in Identity Security and provides robust solutions for securing identities in various environments.
CyberArk (NASDAQ: CYBR) reported record financial results for Q4 and the full year ending December 31, 2020, with total revenue of $144.5 million for Q4, up from $464.4 million for the year. The company achieved a net income of $12.1 million in Q4 and a net loss of $5.8 million for the year. ARR increased by 43% to $274 million. CyberArk expects Q1 2021 revenue between $106 million and $112 million and full year revenue of $484 million to $496 million. The strong demand for identity security solutions positions the company for significant growth going forward.