Welcome to our dedicated page for CyberArk Software Ltd. news (Ticker: CYBR), a resource for investors and traders seeking the latest updates and insights on CyberArk Software Ltd. stock.
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 (NASDAQ: CYBR) has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Privileged Access Management, marking its third consecutive acknowledgment. The company was rated highest in execution and vision completeness. CyberArk's commitment to innovation and customer engagement is evident through its transition to a subscription model and expansion into cloud-native solutions. Customer feedback highlights CyberArk's effectiveness in enhancing security operations and easing management burdens, while the firm has recently achieved multiple industry awards for its offerings.
CyberArk (NASDAQ: CYBR) is set to announce its second quarter 2021 financial results on August 12, 2021, before the U.S. market opens. The company will host a conference call at 8:30 a.m. ET on the same day to discuss these results and provide its business outlook. Interested parties can access this call by dialing the provided numbers or via a live webcast on CyberArk's investor relations page. A replay will be available for one week following the call.
CyberArk (NASDAQ: CYBR) announced its participation in the Berenberg Thematic Software Days Conference 2021, scheduled for June 14, 2021, at 11:00 a.m. EDT. The presentation will be available via webcast, with an archive accessible on the company's investor relations website for a limited time.
As the global leader in Identity Security, CyberArk focuses on privileged access management, ensuring security for various identities across diverse platforms and applications.
CyberArk (NASDAQ: CYBR) has announced the addition of several identity security solutions to the Amazon Web Services Marketplace. These include CyberArk Cloud Entitlements Manager, CyberArk Endpoint Privilege Manager, and CyberArk Workforce Identity. The aim is to enhance security for organizations migrating to the cloud while addressing challenges posed by remote work and identity-centric attacks. The new offerings will help AWS customers implement least privilege access controls, thereby reducing the risk of privilege escalation and unauthorized access.
CyberArk (NASDAQ: CYBR) announced significant enhancements to its Identity Security Platform, aimed at securing high-risk access in cloud and hybrid environments. The updates focus on a Zero Trust approach to identity security, a crucial aspect as identity-related breaches are prevalent. New offerings include CyberArk Dynamic Privileged Access, Secure Web Sessions, and Lifecycle Management for Privileged Users. These innovations are designed to streamline operations and enhance security, aligning with the increasing demand for robust identity management solutions.
CyberArk (NASDAQ: CYBR) has announced an expanded distributor agreement with SYNNEX Corporation to enhance the distribution of its Identity Security portfolio in the U.S. and Canada. This partnership focuses on Privileged Access Management solutions, aiming to secure identities accessing critical assets. The agreement builds on an existing relationship in Latin America and is expected to strengthen the security posture of end-user organizations. The CyberArk Partner Network plays a crucial role in delivering these solutions globally.
CyberArk (NASDAQ: CYBR) announced it will webcast presentations at two key virtual conferences. The first is the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 24, 2021, at 10:15 a.m. EDT. The second is the William Blair 41st Annual Growth Stock Conference on June 1, 2021, at 9:00 a.m. EDT. The presentations will be archived and available on their investor relations website, ensuring access to insights on their Identity Security solutions for stakeholders.
CyberArk (NASDAQ: CYBR) reported strong financial results for Q1 2021, marking a significant transition to a recurring revenue model. Key metrics include a 180% increase in subscription revenue, totaling $24.7 million, and total revenue of $112.8 million. The company's Annual Recurring Revenue (ARR) grew by 41%, reaching $288 million. Despite a GAAP net loss of $(15.2) million, CyberArk expects to maintain growth momentum, projecting total revenue between $484 million and $496 million for 2021. The financial health remains strong with $1.2 billion in cash and equivalents.
CyberArk (NASDAQ: CYBR) will announce its first quarter 2021 financial results on May 5, 2021, before U.S. markets open. A conference call will take place at 8:30 a.m. Eastern Time, where the company will discuss its financial performance and business outlook. Investors can join the call by dialing +1 (833) 968-2251 for the U.S. and +1 (778) 560-2670 internationally. A live webcast will also be accessible on the company's website. A replay of the call will be available for one week post-event.
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