CyberArk Software Ltd. - CYBR STOCK NEWS

CyberArk (NASDAQ: CYBR) announced a significant achievement of 99.99% uptime availability for its CyberArk Identity solution, reinforcing its commitment to high availability and security. With a focus on protecting against compromised credentials, the solution integrates features like single sign-on (SSO) and adaptive multi-factor authentication (MFA). A global professional services firm reported a 90% increase in productivity after deploying CyberArk Identity, which enabled SSO for over 600 applications and secure access for nearly 200 developers.

A recent report by CyberArk reveals alarming trends in cybersecurity practices among organizations. It highlights that 79% of security professionals prioritized business operations over cybersecurity in the last year. The report indicates a significant increase in machine identities, outpacing human identities by 45x, which raises concerns about cybersecurity risks. Additionally, 64% of leaders express inability to prevent supply chain attacks, with 88% of energy companies experiencing such breaches. The findings underscore the urgent need for better identity security controls and proactive measures against cyber threats.

CyberArk (NASDAQ: CYBR) has achieved SOC 2 Type 2 certification across its SaaS portfolio, becoming the first Identity Security provider to do so for privileged access management and other key areas. This certification confirms that CyberArk's infrastructure, software, and processes meet stringent security and compliance standards, enhancing trust with its customers. The examination was conducted by A-LIGN ASSURANCE, an independent firm, ensuring that CyberArk's offerings, including Cloud Entitlements Manager and Endpoint Privilege Manager, meet the highest levels of security.

CyberArk (NASDAQ: CYBR) is set to report its first quarter 2022 financial results on May 12, 2022, before U.S. markets open. The company will also host a conference call the same day at 8:00 a.m. ET to discuss the results and future business outlook. Interested parties can join the call by dialing +1 (833) 968-2251 or +1 (778) 560-2670 for international access. A live webcast will also be available on CyberArk's website. The replay will be accessible for one week following the call.

CyberArk (NASDAQ: CYBR), a leader in Identity Security, will present at the JMP Securities Technology Conference on March 7, 2022, at 11:30 a.m. EST. The presentation will be streamed live, with an archive available later on the company’s investor relations website. CyberArk specializes in privileged access management and provides comprehensive security solutions for identities across various platforms and workloads, ensuring top-notch protection for critical assets.

CyberArk (NASDAQ: CYBR) reported record fourth-quarter revenue of $151.3 million and full-year revenue of $502.9 million for 2021. Subscription revenue soared 142% year-over-year to $47.6 million in Q4. The company achieved a 146% growth in subscription ARR, totaling $183 million, with total ARR at $393 million (+44%). CyberArk added over 375 new customers in Q4. For 2022, guidance projects total revenue between $582 million and $598 million, with an expected ARR growth of 35% to 36%.

CyberArk (NASDAQ: CYBR) will report its fourth quarter and year-end 2021 financial results before U.S. markets open on February 10, 2022. A conference call will occur at 8:30 a.m. ET to discuss the results and business outlook. Interested parties can access the call by dialing +1 (833) 968-2251 for U.S. participants or +1 (778) 560-2670 for international calls. A live webcast will be available on the company's website, with a replay option for one week following the call.

CyberArk (NASDAQ: CYBR), a leader in Identity Security, has announced its participation in three upcoming virtual investor conferences. The events include the Nasdaq 45th Investor Conference on December 1, 2021, at 7:00 a.m. EST, the UBS Global TMT Virtual Conference on December 6, 2021, at 10:00 a.m. EST, and the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2021, at 9:10 a.m. EST. Presentations will be webcasted and archived on the investor relations website for later viewing.

CyberArk and Checkmarx will host the INTENT Security Research Summit virtually on November 16, 2021, targeting the global cybersecurity research community. Keynote speaker Alyssa Miller will discuss the importance of aligning security with business functions. The event features over 20 speakers, focusing on vulnerabilities and new attack vectors, including workshops. Co-founder Lavi Lazarovitz emphasizes the summit's role in sharing discoveries and failures to enhance overall security resilience.