CyberArk Software Ltd. - CYBR STOCK NEWS

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.

CyberArk (NASDAQ: CYBR) will present at the 2nd Annual Needham Virtual Tech Week on November 16, 2021, at 8:00 a.m. EST. The presentation will be available via webcast, with an archive accessible for a limited time on the company’s investor relations website. Known as the global leader in Identity Security, CyberArk provides comprehensive security solutions for human and machine identities across various platforms and industries. Investors can learn more by visiting CyberArk's investor relations page.

CyberArk (NASDAQ: CYBR) reported strong Q3 2021 results, with total revenue of $121.6 million, a 14% increase year-over-year. Subscription revenue soared 143% to $35.3 million. ARR reached $344 million, up 38%, and subscription bookings now comprise 72% of total license bookings. Despite a GAAP operating loss of ($27.7 million), the company expressed confidence in ongoing growth. CyberArk was recognized as a leader in Identity-as-a-Service by Forrester. Guidance for Q4 2021 suggests revenue between $140 million and $148 million.

CyberArk (NASDAQ: CYBR) was named the only Visionary in the 2021 Gartner Magic Quadrant for Access Management. The company is recognized for its commitment to addressing Access Management challenges amid advanced cyber threats. CyberArk's Identity Security strategy focuses on evolving privileged access management to meet customer needs. Recent innovations include Secure Web Sessions, enhancing user authentication during sensitive sessions. The report highlights the growing importance of AM tools in securing applications and data as identity becomes a pivotal security aspect.

New research from CyberArk (CYBR) reveals alarming insights into organizational security. 80% of surveyed organizations reported employee misuse of business application access, with 48% lacking adequate visibility into user logs. The average user has access to over 10 business applications containing sensitive data. Despite the launch of CyberArk Identity Secure Web Sessions, many security teams are struggling with limited resources and visibility, emphasizing the need for improved security measures to safeguard against insider threats.

CyberArk (NASDAQ: CYBR) will release its third quarter 2021 financial results on November 4, 2021, before U.S. markets open. A conference call is scheduled for the same day at 8:30 a.m. ET to discuss the results and future business outlook. Investors can access the call via phone or through a live webcast on the company’s website. Following the call, a replay will be available for one week. CyberArk specializes in Identity Security, providing security solutions for a wide range of applications and environments.