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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.
CyberArk has appointed Peretz Regev as chief product officer, bringing over 20 years of experience from roles at PayPal and HP Software. In this position, Regev will lead product management and innovation efforts focused on CyberArk's Identity Security vision. This strategic move aims to enhance competitive differentiation and customer value. Chen Bitan, the previous CPO, will continue as the general manager for CyberArk Israel and will manage strategic accounts in EMEA. The company emphasizes improving security through intelligent privilege controls.
CyberArk (NASDAQ: CYBR) announced its participation in two upcoming investor conferences. The first is the Citi 2022 Global Technology Conference in New York on September 7, 2022, at 12:15 p.m. EDT. The second is the Piper Sandler Growth Frontiers Conference in Nashville, Tennessee, on September 14, 2022, at 11:00 a.m. CDT. Both presentations will be webcast live, and an archive will be available on CyberArk's investor relations website. CyberArk is a leader in Identity Security, focusing on privileged access management.
CyberArk (NASDAQ: CYBR) announced new initiatives for its Channel Partner Program to enhance collaboration and efficiency. With over 1,800 security partners globally, CyberArk aims to tackle the growing cybersecurity challenges exacerbated by increased digital transformation investments.
79% of organizations prioritized business operations over cybersecurity in the past year, indicating a market opportunity for CyberArk. The program focuses on expanding routes to market, particularly through Managed Service Providers (MSPs), and enhancing partner training and resources.
CyberArk reported strong Q2 2022 results with Total ARR increasing by 48% to $465 million, led by a 133% growth in Subscription ARR to $255 million. Total revenue reached $142.3 million, up 21% year-over-year, exceeding guidance. However, the company experienced a GAAP operating loss of $(42 million) and a net loss per share of $(0.93). CyberArk raised its full-year ARR guidance to between $543 million and $549 million, projecting continued growth momentum.
CyberArk (NASDAQ: CYBR) has been named a Leader in the 2022 Gartner Magic Quadrant for Privileged Access Management for the fourth consecutive year, recognized for its execution and vision. The company is enhancing its Identity Security Platform to meet increasing cloud security demands through new offerings like CyberArk Secrets Hub and CyberArk Secure Cloud Access. CyberArk emphasizes that effective privileged access management is crucial for reducing cybersecurity risks, supporting over 7,500 global customers.
CyberArk has announced significant advancements in its Identity Security platform at the CyberArk Impact 2022 event in Boston. The updates focus on enhancing privileged access management, identity management, and cloud privilege security to support organizations in countering increasing cybersecurity threats. Key features include Identity Flows for automated tasks, Secure Cloud Access for Just-in-Time access, and a new Identity Security Intelligence service for threat detection. The platform aims to provide secure access for all identities, ultimately driving cyber resilience.
CyberArk has launched its Secrets Hub, a new SaaS solution that enhances developers' access to secrets on AWS while allowing centralized security management. This solution aims to simplify secrets management in hybrid environments, assisting organizations in their transition to the cloud. It addresses prior challenges where secrets had to be duplicated in AWS, thus minimizing security risks and management complexities. The new service also provides developers with a native experience, while enabling security teams to enforce consistent policies across environments.
CyberArk (NASDAQ: CYBR) will report its second quarter 2022 financial results before U.S. markets open on August 10, 2022. A conference call will be held the same day at 8:30 a.m. ET to discuss the results and future business outlook. Participants can join by dialing +1 (888) 330-2455 (U.S.) or +1 (240) 789-2717 (international), using conference ID 6515982. A replay will be available for one week, and the call will also be webcasted via CyberArk's Investor Relations section.
CyberArk (NASDAQ: CYBR) has announced the details of its annual conference, CyberArk Impact 2022, scheduled for
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