CyberArk Software

CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. The firm's products include Privilege, Access, and DevSecOps. It offers its products and services to banking, insurance, healthcare, and federal industries. The company was founded by Udi Mokady and Alon Cohen in 1999 and is headquartered in Petah Tikva, Israel.

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CyberArk Software posts robust Q4 results and eyes sustained growth

CyberArk Software reported strong Q4 performance and outlined a positive outlook for 2023, driven by robust financial results and strategic initiatives.
The company's focus on scaling, expanding into new markets, and leveraging innovative solutions positions it for continued growth and market leadership.
While facing challenges such as pricing adjustments and macro uncertainties, CyberArk remains confident in its ability to navigate the evolving landscape and drive profitability.
Opportunities in Access Management, machine identity, and channel partnerships offer avenues for growth and differentiation, reinforcing CyberArk's market position.

CyberArk reports robust Q1 growth, eyes $1B ARR milestone

CyberArk Software delivered strong financial performance in Q1 2023, driven by robust subscription growth and a focus on operational excellence.
While facing challenges like longer sales cycles and competition, the company remains confident in its unique value proposition and growth strategies.
With a clear focus on scaling efficiently, expanding its platform, and leveraging partnerships, CyberArk is well-positioned for future success and profitability.

CyberArk reports robust Q2 performance amidst cybersecurity spending surge

CyberArk Software's Q2 performance showcased strong financial growth and customer traction, with a focus on Identity Security and platform innovation.
While facing challenges in maintenance ARR decline, the company sees opportunities in the MSP market and increased cybersecurity spending.
Overall, CyberArk remains well-positioned for growth through customer conversions, cross-selling, and strategic M&A initiatives.

CyberArk exceeds Q3 guidance, focuses on security amid breaches

CyberArk Software excelled in Q3, surpassing guidance with strong revenue growth and a focus on identity security amidst high-profile breaches.
The company's platform selling motion gained traction, driving revenue and market presence, with a strategy to convert customers to SaaS gradually for expansion.
While facing challenges of potential maintenance revenue reductions, CyberArk remains confident in long-term targets, balancing profitability, growth, and customer security.
Opportunities lie in leveraging the strong market environment, expanding revenue through upsell strategies, and maximizing customer security and well-being for sustained growth.

CyberArk excels in Q4 with record subscription growth and strategic focus

CyberArk Software's strong financial performance, customer-centric approach, and strategic focus on innovation position the company for continued success and growth.
Challenges in workforce security, customer migrations, and solution integrations require careful navigation and execution to capitalize on growth opportunities.
Opportunities in customer base expansion, cloud security solutions, and channel partnerships offer avenues for revenue growth, market expansion, and enhanced customer value.

CyberArk surpasses Q1 expectations, eyes growth in cloud security

CyberArk Software delivered strong Q1 results, exceeding expectations with robust financial performance and profitability, driven by subscription ARR and total revenue growth.
The company's focus on identity security, EPM business expansion, and strategic marketing efforts position it well for future growth and market leadership in cybersecurity.
While facing challenges in conversion timelines and operational adjustments, CyberArk remains optimistic about opportunities in cloud security, SaaS business, and federal market expansion.
With a strong foundation in place, CyberArk's emphasis on innovation, customer value, and market expansion sets the stage for continued success and leadership in identity security.

CyberArk Software excels in Q3, eyes growth through strategic acquisitions

CyberArk Software's Q3 2024 earnings call showcased exceptional financial performance, driven by strong subscription and total ARR growth. The company's focus on mission-critical solutions, strategic partnerships, and market recognition positions it well for future success. While challenges exist in a competitive landscape, CyberArk's strategic initiatives and strong financial metrics indicate a promising outlook.

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NASHVILLE, Tenn.--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced at its annual conference, CyberArk IMPACT 24, new enhancements across its Identity Security Platform. Driven by AI and Identity Threat Detection and Response (ITDR), the new functionality enables organizations to apply the right level of privilege controls to every identity, while providing a consistent customer experience for CyberArk administrators and end users. With 93% of organization.

CyberArk Extends Identity Security Platform with New Capabilities for Securing Every User

FT. LAUDERDALE, Fla.--(BUSINESS WIRE)-- #BPO--iQor, a managed services provider of customer engagement and technology-enabled business process outsourcing (BPO) solutions, announced today that iQor Enterprise Technical Architect Nate Nelson has been invited to speak on the “New Approaches: Identity Security Requirements for Developers” panel at CyberArk IMPACT 24 in Nashville, Tennessee, on May 22. The session is designed to provide insights on establishing sustainable and effective cloud security pro.

iQor to Speak at CyberArk IMPACT 24

CyberArk (CYBR) aims to merge Venafi's advanced machine identity management capabilities with its robust identity security solutions, creating a comprehensive platform for enterprise-scale machine identity security.

CyberArk (CYBR) Buys Venafi to Fortify Machine Identity Security

NASHVILLE, Tenn.--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced at its annual conference, CyberArk IMPACT 24, the availability of CyberArk CORA AI, a new set of AI-powered capabilities that will be embedded across its identity security platform. CORA AI will translate vast numbers of identity data points into insights and enables multi-step actions in natural language, empowering users and their organizations to be more secure, efficient and effective.

CyberArk Supercharges Identity Security Platform with CyberArk® CORA™ AI

CyberArk plans to acquire Venafi from Thoma Bravo for an enterprise value of about $1.54 billion, saying it aims to create a unified platform for machine identity security at scale. The acquisition will add Venafi's machine identity management solutions to CyberArk's identity security capabilities, the companies said in a Monday (May 20) press release.

CyberArk to Acquire Venafi, Expand Machine Identity Security Capabilities

More cybersecurity consolidation coming your way, with bigger players picking up startups that will help them bolt on tech to meet the ever-expanding attack surface for enterprises as they move more activity into the cloud. In the latest development, CyberArk — one of the army of larger security companies founded out of Israel — is acquiring Venafi, a specialist in machine identity, for $1.54 billion in a cash and share deal.

CyberArk snaps up Venafi for $1.54B to ramp up in machine-to-machine security

Cybersecurity firm CyberArk said on Monday it will acquire Venafi from equity firm Thoma Bravo in a deal valued at around $1.54 billion.

CyberArk to acquire Venafi in $1.5 bln deal

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--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.

CyberArk Signs Definitive Agreement to Acquire Machine Identity Management Leader Venafi from Thoma Bravo

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)---- $CYBR #identitysecurity--CyberArk (NASDAQ: CYBR), the identity security company, today released a new global research report that shows how siloed approaches to securing human and machine identities are driving identity-based attacks across enterprises and their ecosystems. The CyberArk 2024 Identity Security Threat Landscape Report provides unique perspectives on how Artificial Intelligence (AI) boosts cyber defenses as well as attacker capabilities; increases the.

Report: 93% Of Organizations Had Two or More Identity-Related Breaches in the Past Year

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced that it will host an Investor Strategy Update during CyberArk IMPACT 24: the Identity Security Conference. Members of CyberArk's executive team will discuss the company's leadership position in identity security, our innovation roadmap, as well as market dynamics and our go-to-market approach. The Investor Strategy Update will take place at the JW Marriott in Nashville,.

CyberArk to Host Investor Strategy Update at IMPACT 24: The Identity Security Conference on May 21, 2024

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NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)---- $CYBR #identitysecurity--CyberArk (NASDAQ: CYBR), the identity security company, today announced upcoming highlights of CyberArk IMPACT 24, the company's annual conference dedicated to identity security, taking place from May 20-22 at the JW Marriott Nashville. The largest customer and partner conference of its kind in the world, IMPACT 24 will showcase how to safeguard the entire spectrum of identities across IT, developers, workforce and machines. Today's threat.

CyberArk Previews IMPACT 24: The Identity Security Conference

BILLERICA, Mass.--(BUSINESS WIRE)--E Ink (8069.TWO), the originator, pioneer, and global commercial leader in ePaper technology, today announced their revolutionary E Ink Spectra™ 6 full-color ePaper was recognized with a Display of the Year award by the Society for Information Display. This recognition adds E Ink to a roster of innovative companies that received the award, including Apple, Samsung, BOE, 3M, and more. “Having our Spectra 6 ePaper display win the Display of the Year award is a t.

E Ink Spectra 6 Wins Display of the Year During 2024 Display Week

MEMPHIS, Tenn.--(BUSINESS WIRE)--Domino's®, the largest pizza company in the world, together with its franchisees, announced the largest corporate or private financial commitment to a children's hospital, Wednesday: a pledge to bring its fundraising total to $300 million by 2034 to benefit the lifesaving mission of St. Jude Children's Research Hospital®. This record announcement was delivered by Domino's CEO Russell Weiner to over 9,000 Domino's franchisees and their team members during the com.

Domino's® Announces Historic Goal to Raise $300 Million to Benefit the Lifesaving Mission of St. Jude Children's Research Hospital®

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PARIS--(BUSINESS WIRE)---- $CYBR #identitysecurity--CyberArk (NASDAQ: CYBR), the identity security company, today announced that FM Logistic, a global supply chain management service, has selected the CyberArk Identity Security Platform to secure tens of thousands of identities around the world and provide a secure foundation for its digital transformation and information security. With 28,000 people worldwide, FM Logistic helps optimize the global supply chain by monitoring computerized inventory management, order proces.

FM Logistic Chooses the CyberArk Identity Security Platform to Secure Its Digital Transformation and Help Bolster Supply Chain Resilience

CyberArk's (CYBR) Q1 top-line performance reflects the benefits of the strong demand for the company's SaaS solutions, while lower expenses drive bottom-line results.

CyberArk (CYBR) Crushes Q1 Earnings & Revenue Estimates

CyberArk Software Ltd. (NASDAQ:CYBR ) Q1 2024 Results Conference Call May 2, 2024 8:30 AM ET Company Participants Erica Smith - Senior Vice President, Finance and Investor Relations Matt Cohen - Chief Executive Officer Josh Siegel - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Gregg Moskowitz - Mizuho Brian Essex - JPMorgan Rob Owens - Piper Sandler Fatima Boolani - Citigroup Joseph Gallo - Jefferies Hamza Fodderwala - Morgan Stanley Adam Borg - Stifel Roger Boyd - UBS Securities Andrew Nowinski - Wells Fargo Ittai Kidron - Oppenheimer Shrenik Kothari - Baird Operator Thank you for standing by.

CyberArk Software Ltd. (CYBR) Q1 2024 Earnings Call Transcript

The headline numbers for CyberArk (CYBR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

CyberArk (CYBR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

CyberArk (CYBR) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to loss of $0.17 per share a year ago.

CyberArk (CYBR) Q1 Earnings and Revenues Top Estimates

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--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 scale. We posted 54 percent Subscription ARR growth and 37 percent revenue growth, while significantly expanding operating margins and growing net cash provided by operating activities,” s.

CyberArk Announces Strong First Quarter 2024 Results

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)---- $CYBR #identitysecurity--CyberArk (NASDAQ: CYBR), the identity security company, today announced new Service Organization Control (SOC) 2 Type 2 and SOC 3 certifications for its developer and machine identity security SaaS-based products and capabilities. These certifications, based on a trustworthy and reputable framework, help to provide customers and their auditors with a transparent understanding of the controls CyberArk has implemented to support their operati.

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