CyberArk Software Ltd. - CYBR STOCK NEWS

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 July 12-14 in Boston. This global cybersecurity event will gather industry professionals to discuss Identity Security strategies, showcasing CyberArk's innovative solutions. With an agenda featuring expert-led training sessions, keynotes from industry leaders, and a focus on evolving cybersecurity challenges, the event aims to enhance collaboration among partners and stakeholders.

CyberArk (NASDAQ: CYBR) has introduced new functionality for its Endpoint Privilege Manager, extending protection to Linux platforms. This update enables IT professionals to enforce least privilege policies and implement just-in-time security controls on Linux endpoints seamlessly. The new SaaS solution allows for easy policy configuration and monitoring, enhancing visibility over privileged activities. With a unified management console, users can protect endpoints across Windows, Linux, and Mac platforms, addressing critical cybersecurity risks associated with digital transformation.

MINI and JVP announce a strategic partnership to enhance the URBAN-X platform, promoting startups focused on climate and urban technology solutions. This collaboration aims to support emerging companies from Seed to Series B, providing access to vast networks and expertise. URBAN-X has previously invested in over 71 startups, with 88% continuing to secure further capital. The initiative is crucial for addressing climate change, as urban areas contribute significantly to global CO2 emissions. Applications for participation in URBAN-X are now being accepted on a rolling basis.

CyberArk (NASDAQ: CYBR), a leader in Identity Security, announced its participation in upcoming investor conferences. Notable events include the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 23, 2022, at 8:40 a.m. EDT in Boston; the 42nd Annual William Blair Growth Stock Conference on June 6, 2022, at 4:40 p.m. CDT in Chicago; and the Bank of America Global Technology Conference on June 9, 2022, at 9:30 a.m. PDT in San Francisco. Presentations will be available via live webcast on the company’s investor relations website.

CyberArk (NASDAQ: CYBR) reported strong Q1 2022 results, with total revenue of $127.6 million, up 13% year-over-year. Subscription ARR surged to $219 million, growing 149% year-over-year, while total ARR hit $427 million, up 48%. Subscription bookings comprised 86% of total bookings, exceeding targets. The company raised its full-year ARR guidance to $535 million to $541 million. Despite an operating loss of $(41.1) million, CyberArk's strong demand and execution position it for durable growth, with nearly 250 new customers added in the quarter.

CyberArk (NASDAQ: CYBR) has launched a $30 million global investment fund named CyberArk Ventures to support cybersecurity start-ups with disruptive technologies. Initially collaborating with notable investors like Venrock, YL Ventures, Team8 Capital, and Merlin Ventures, CyberArk has made its first investments in three companies: Dig Security, Enso Security, and Zero Networks, focusing on data protection, application security, and identity-based microsegmentation solutions. This initiative aims to foster innovation and tackle complex security challenges in the growing cybersecurity landscape.