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CyberArk Software Ltd. (NASDAQ: CYBR) is a leading information technology security company specializing in protecting the heart of the enterprise from targeted cyber threats. For over a decade, CyberArk has been at the forefront of enterprise security, focusing on safeguarding privileged accounts, credentials, and secrets from malicious attacks.
CyberArk’s comprehensive suite of products includes Privileged Access Manager, Vendor Privileged Access Manager, Privileged Session Manager (PSM), Enterprise Password Vault (EPV), PrivateArk, and Privilege Cloud. These solutions are designed to prevent attackers from escalating their access and causing irreparable business harm.
The company is trusted by the world's leading organizations, including 40% of the Fortune 100, to protect their most valuable information assets, infrastructure, and applications. CyberArk has a strong presence across the globe, with significant revenue generated from the United States and notable operations in Europe, the Middle East, Africa, and other regions.
Recently, CyberArk has achieved several milestones, including expanding its product portfolio and forging strategic partnerships to enhance its security offerings. These initiatives underscore the company’s commitment to innovation and leadership in the cybersecurity landscape.
In an era where cyber threats are increasingly sophisticated and regulatory demands for stronger protection of privileged accounts are on the rise, CyberArk’s solutions are more relevant and critical than ever. The company’s mission is clear: to stop attacks before they can halt business operations and to help organizations stay ahead of potential threats.
nsKnox, a leader in Bank Account Validation, announced $17 million in new funding, totaling $35.6 million to date. The funding round included investments from Link Ventures and Harel Insurance, alongside existing investors like Microsoft’s M12. The capital will enhance nsKnox's Go-to-Market infrastructure and product suite, responding to increasing demand for fraud prevention solutions amid rising cyber-enabled fraud attacks. The company reported a 125% growth in annual recurring revenue, securing numerous global corporate clients. nsKnox utilizes patented technologies to secure B2B payments and combat fraud effectively.
CyberArk (NASDAQ: CYBR) will report its fourth quarter and year-end 2022 financial results on February 9, 2023, before U.S. markets open. A conference call to discuss these results and the business outlook will occur at 8:00 a.m. ET on the same day. Investors can join the call by dialing +1 (888) 330-2455 in the U.S. or +1 (240) 789-2717 internationally, using conference ID 6515982. The call will also be available via a live webcast on CyberArk's website.
CyberArk has appointed Omer Grossman as Global Chief Information Officer (CIO). With over 25 years of military experience, especially in cybersecurity and cloud infrastructure, Grossman will lead CyberArk's Global Information Technology group. His extensive background includes leading the IDF's Cyber Defense Operations Center and overseeing cloud services for various military branches. CEO Udi Mokady expressed confidence in Grossman's ability to address complex challenges and enhance CyberArk's Identity Security solutions as they continue to grow.
Skybox Security has appointed Corey Williams as Chief Marketing Officer, bringing 25 years of experience in cybersecurity marketing. Previously head of Identity Security Marketing at CyberArk (NASDAQ: CYBR), Williams aims to enhance Skybox's market growth and core marketing strategy. His expertise includes establishing the identity security category and leading significant revenue growth at CyberArk. Skybox is currently launching a Software-as-a-Service solution for Security Policy and Vulnerability Management, indicating a strong push towards proactive cybersecurity.
CyberArk (NASDAQ: CYBR) has been recognized as an Overall Leader in the KuppingerCole Analysts AG 2022 “Leadership Compass: Passwordless Authentication” report. The report highlights CyberArk's strong performance in Product, Innovation, and Market categories, emphasizing its comprehensive Passwordless Authentication solutions. As organizations increase adoption of remote work, CyberArk's platform is noted for securing identities across various environments, thereby enhancing Identity Security initiatives.
CyberArk (NASDAQ: CYBR) has announced its participation in the 16th Annual Needham Security, Networking, & Communications Conference. The virtual event will take place on Tuesday, November 15, 2022, at 9:30 a.m. EST. The presentation will be available via live webcast, with an archived version accessible later on their investor relations website. CyberArk is recognized as a global leader in Identity Security, providing comprehensive security solutions for various identity types.
CyberArk (NASDAQ: CYBR) reported robust financial results for Q3 2022, with Annual Recurring Revenue (ARR) reaching $512 million, up 49% year over year. The subscription portion of ARR stood at $301 million, reflecting a growth of 117%. Total revenue for the quarter was $152.7 million, growing 26%. Despite these gains, the company reported a GAAP net loss of $32.7 million or $(0.80) per share. CyberArk has raised its full-year ARR guidance to between $552 million and $558 million, indicating a continued strong demand for its Identity Security solutions.
CyberArk (NASDAQ: CYBR) will report its third quarter 2022 financial results before U.S. markets open on November 3, 2022. The company will host a conference call at 8:00 a.m. ET to discuss the results and business outlook. Investors can join the call by dialing +1 (888) 330-2455 (U.S.) or +1 (240) 789-2717 (international). A live webcast will also be available on CyberArk's website. Following the call, a replay will be accessible for one week. CyberArk is the leader in Identity Security, focused on privileged access management.
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