CyberArk Software Ltd. - CYBR STOCK NEWS

CyberArk (NASDAQ: CYBR) has appointed Avril England to its board of directors, enhancing its leadership in the Identity Security sector. England brings extensive experience in product management and marketing, having previously worked at Veeva Systems, where she led the Veeva Vault platform’s growth to over 50% of the company’s revenues. Her expertise in high-growth SaaS businesses aligns with CyberArk's strategic shift towards a subscription model. CEO Udi Mokady expressed confidence in England's operational insight as pivotal for CyberArk's future developments.

CyberArk (NASDAQ: CYBR) announced a virtual Investor Day scheduled for March 10, 2021, from 10:00 a.m. to 12:45 p.m. EST. During this event, CyberArk executives will present insights on the company's Identity Security platform, subscription transition strategy, market dynamics, and go-to-market approach. The event will be live-streamed and archived on the company's website for later viewing. Registration details are available via the Investor Relations website.

CyberArk (NASDAQ: CYBR) announced new subscriptions, programs, and tools to enhance Identity Security initiatives for organizations. Key offerings include:

• New Subscription Offerings combining Identity as a Service with Privileged Access Management for various users.
• CyberArk Blueprint providing guidance on Identity Security best practices.
• Identity Security Assessment Tool to measure alignment with best practices.
• Customer Success Plans to aid in executing Identity Security programs.

CyberArk (NASDAQ: CYBR) announced its participation in two upcoming virtual conferences. The presentations will be held at the Morgan Stanley Technology, Media and Telecom Conference on March 1, 2021, at 8:45 a.m. EST, and the JMP Securities Technology Conference on March 2, 2021, at 11:30 a.m. EST. Both events will be webcasted, with archived presentations available on their investor relations website. CyberArk is recognized as a leader in Identity Security and provides robust solutions for securing identities in various environments.

CyberArk (NASDAQ: CYBR) reported record financial results for Q4 and the full year ending December 31, 2020, with total revenue of $144.5 million for Q4, up from $464.4 million for the year. The company achieved a net income of $12.1 million in Q4 and a net loss of $5.8 million for the year. ARR increased by 43% to $274 million. CyberArk expects Q1 2021 revenue between $106 million and $112 million and full year revenue of $484 million to $496 million. The strong demand for identity security solutions positions the company for significant growth going forward.

CyberArk (NASDAQ: CYBR) announced that its Core Privileged Access Security has received the Cyber Catalyst designation from Marsh, recognizing its effectiveness in reducing cyber risk. This designation signifies that leading insurers view the solution as capable of addressing significant threats such as ransomware and unauthorized access. The evaluation highlighted CyberArk as a top solution for identity access management and compliance, affirming its role in current cybersecurity strategies.

CyberArk (NASDAQ: CYBR) will report its fourth quarter and year-end 2020 financial results before U.S. markets open on February 11, 2021. A conference call will be held on the same day at 8:30 AM ET to discuss these results and the company's business outlook. Investors can access the call by dialing designated numbers or via a live webcast on CyberArk's investor relations webpage. The company specializes in privileged access management, protecting vital data across cloud and hybrid environments for top organizations globally.

CyberArk (NASDAQ: CYBR) has launched a free assessment offer for SolarWinds Orion customers to identify risks related to privileged access following a significant cyberattack. The attack impacted over 18,000 organizations, utilizing compromised privileged credentials. The offered services include a Privileged Access Management (PAM) Rapid Risk Assessment and PAM Rapid Risk Remediation, aimed at strengthening security measures and mitigating future threats. CyberArk emphasizes the need for comprehensive Identity Security to prevent similar attacks.

CyberArk (NASDAQ: CYBR) released a study indicating that most remote workers feel more productive at home and wish to continue this work style post-pandemic. Despite these preferences, poor security practices present significant risks for businesses considering remote work's long-term viability. Key findings include: 78% of employees faced tech issues, 67% circumvent security policies, and 82% reused passwords. The survey highlights a growing need for organizations to reinforce security measures as 54% of respondents received remote-work security training.