Cyberark Software Ltd - CYBR STOCK NEWS

CyberArk (NASDAQ: CYBR) announced that Builder.ai has chosen their identity security solutions to protect and automate workforce and developer access across its multi-cloud environment. Builder.ai, an AI-powered software platform company, will implement CyberArk's Workforce and Developer solutions to secure various access points throughout the user journey.

The implementation will cover endpoint, browser, identity, and session protection for up to 2,500 internal users. Builder.ai plans to establish a modern privileged access management program using CyberArk, implementing Zero Standing Privileges for high-risk cloud service access. This partnership aims to enhance Builder.ai's security posture while streamlining user access to resources worldwide.

CyberArk (NASDAQ: CYBR) has acquired Zilla Security for $165 million in cash plus a $10 million earn-out tied to milestone achievements. The acquisition combines CyberArk's identity security leadership with Zilla's modern Identity Governance and Administration (IGA) solutions.

Zilla's AI-powered IGA SaaS platform offers significant advantages over legacy systems, including 5x faster deployment, 80% reduction in access review effort, and 60% fewer service tickets for provisioning. The platform provides comprehensive integrations for both common and custom applications, focusing on automated identity compliance and provisioning.

The acquisition expands CyberArk's Identity Security Platform with two main offerings: Zilla Comply for simplified user access reviews and audit documentation, and Zilla Provisioning for AI-driven automated access management including onboarding, role transitions, and offboarding.

CyberArk (CYBR) reported strong financial results for Q4 and full year 2024, achieving several milestones. Total Annual Recurring Revenue (ARR) reached $1.169 billion, with organic ARR surpassing $1 billion. The company reported record total revenue of $1.001 billion for FY2024, representing 33% growth year-over-year.

Q4 2024 total revenue was $314.4 million, up 41% from Q4 2023. The company achieved non-GAAP operating income of $150.9 million (15% margin) for FY2024 and record free cash flow of $221 million (22% margin). The subscription portion of ARR reached $977 million, representing 84% of total ARR.

For FY2025, CyberArk projects revenue between $1.308-1.318 billion and expects ARR to reach $1.410-1.420 billion by December 31, 2025. The company also announced the acquisition of Zilla Security for $165 million plus a $10 million earn-out.

CyberArk (NASDAQ: CYBR) announced a new integration with SentinelOne's (NYSE: S) AI-powered cybersecurity platform, combining their endpoint security capabilities. The partnership integrates CyberArk Endpoint Privilege Manager with SentinelOne Singularity Endpoint solution to create a comprehensive security framework enhanced by AI-powered analytics.

The integration enables organizations to: detect and prevent ransomware and credential theft, accelerate threat response through enhanced intelligence, maintain user productivity while removing admin rights, and simplify deployment through SaaS-based solutions. The collaboration brings CyberArk identity data into SentinelOne Singularity for AI SIEM and XDR use cases, providing customers with improved context for threat detection, hunting, and response.

CyberArk (NASDAQ: CYBR) has released a new book titled 'The Identity Security Imperative: A Leader's Guide to Securing Every Identity.' This publication addresses critical cybersecurity challenges in the cloud-first, AI-first era, particularly significant given that 93% of organizations have experienced multiple identity-related breaches.

The guide focuses on four key areas: reimagining identity security, managing role-based risk, deploying scalable best practices, and addressing future threats including AI and quantum computing. It provides practical strategies for implementing zero-trust architectures, meeting regulatory requirements, and defending against emerging threats like Agentic AI and large language models.

The book aims to help cybersecurity leaders develop comprehensive security strategies and is available online, with upcoming ebook and audio formats.

CyberArk (NASDAQ: CYBR) has announced Identity Bridge, a new endpoint identity security capability designed to modernize authentication for Linux machines. This solution enables organizations to use centralized accounts for Linux system authentication, reducing dependency on traditional methods.

The new capability addresses key challenges in Linux identity management by offering integration with both Active Directory and modern cloud Identity Providers, while supporting phishing-resistant multi-factor authentication and passwordless capabilities. Identity Bridge provides three main benefits: accelerated IAM modernization, simplified identity management, and seamless integration with CyberArk Secure Infrastructure Access.

The solution works with CyberArk's privileged access management tools to enable continuous authentication and Just-In-Time access, allowing customers to implement centralized authentication and least privilege policies through a single agent and management console.

CyberArk (NASDAQ: CYBR) announced a new integration between its Privileged Access Manager (PAM) and Microsoft Defender for Identity, creating a unified view of identity security landscapes for enhanced threat response. The integration combines PAM's privileged access controls with Defender for Identity's cloud-based security capabilities, enabling organizations to better protect on-premises identities from advanced threats.

This collaboration provides enhanced privileged access control, monitoring capabilities, and streamlined workflows. Security Operations Center (SOC) and Identity teams will benefit from improved investigative capabilities, including faster threat-hunting, more accurate attack path identification, and comprehensive remediation options. The integration allows organizations to maximize their existing investments while simplifying identity protection across on-premises and multi-cloud environments.

DAIKYO, a major Japanese real estate company, has implemented the CyberArk Identity Security Platform to manage privileged access across its hybrid cloud and legacy environments. The company's Information Systems Department, supporting over 10,000 employees across DAIKYO and its seven subsidiaries, has shifted from a perimeter-based security approach to a holistic strategy focused on identity security and Zero Trust.

DAIKYO implemented CyberArk Privilege Cloud, a SaaS Privileged Access Management solution, to apply intelligent privilege controls and secure access to 200 target systems. The solution automates privileged credential rotation and session management, eliminates manual administrative tasks, and aligns with DAIKYO's cloud-first digital transformation strategy. The implementation has resulted in substantial time savings on manual IT tasks and improved incident response capabilities.

CyberArk (NASDAQ: CYBR), the global leader in identity security, has announced its schedule to report fourth quarter and year end 2024 financial results. The announcement will take place before U.S. financial markets open on Thursday, February 13, 2025.

The company will host a conference call at 8:30 a.m. Eastern Time on the same day to discuss the financial results and business outlook. Investors can access the call via phone using the numbers +1 (888) 330-2455 (U.S.) or +1 (240) 789-2717 (international) with conference ID 6515982. A live webcast will be available through the company's Investor Relations website section.

A one-week replay will be available after the call at +1 (800) 770-2030 (U.S.) or +1 (609) 800-9909 (international) using pass code 6515982. The webcast will also be archived on CyberArk's website.