CyberArk (CYBR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this maker of software that detects attacks on privileged accounts have returned +2.4%, compared to the Zacks S&P 500 composite's +7.3% change. During this period, the Zacks Computers - IT Services industry, which CyberArk falls in, has gained 9.8%. The key question now is: What could be the ...

We’re still sitting ducks when it comes to cyberattacks, which creates an opportunity for some of the top cybersecurity stocks to buy.The U.S. Environmental Protection Agency (EPA) just warned that attacks against water utilities are becoming more frequent and severe. They’re also urging water systems to take immediate action to protect the nation’s drinking water.In Michigan, pharmacies struggled to fill prescriptions because of a ransomware attacks on Ascension Rx retail pharmacies. Other attacks this yea ...

CyberArk Software Ltd. (CYBR) has entered into a definitive agreement to acquire Venafi, a leader in machine identity management, from the private equity firm Thoma Bravo in a cash-stock deal worth $1.54 billion.Per the agreement, CyberArk will pay $1 billion in cash and $540 million in its shares. Both companies’ boards have approved the transaction, which is expected to close in the second half of 2024, pending regulatory approvals and customary closing conditions.CyberArk aims to merge Venafi’s advanced ...

CyberArk plans to acquire Venafi from Thoma Bravo for an enterprise value of about $1.54 billion, saying it aims to create a unified platform for machine identity security at scale.The acquisition will add Venafi’s machine identity management solutions to CyberArk’s identity security capabilities, the companies said in a Monday (May 20) press release.Subject to regulatory approvals and other customary closing conditions, the transaction is expected to close in the second half, according to the release.“Our ...

More cybersecurity consolidation coming your way, with bigger players picking up startups that will help them bolt on tech to meet the ever-expanding attack surface for enterprises as they move more activity into the cloud. In the latest development, CyberArk — one of the army of larger security companies founded out of Israel — is acquiring Venafi, a specialist in machine identity, for $1.54 billion in a cash and share deal. Specifically, CyberArk will pay $1 billion in cash and approximately $540 million ...

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CyberArk (CYBR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this maker of software that detects attacks on privileged accounts have returned -9.1% over the past month versus the Zacks S&P 500 composite's -0.4% change. The Zacks Computers - IT Services industry, to which CyberArk belongs, has lost 4.5% over this period. Now the key question is: Where could the stock be hea ...

CyberArk Software Ltd. (NASDAQ:CYBR) Q1 2024 Results Conference Call May 2, 2024 8:30 AM ET Company Participants Erica Smith - Senior Vice President, Finance and Investor Relations Matt Cohen - Chief Executive Officer Josh Siegel - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Gregg Moskowitz - Mizuho Brian Essex - JPMorgan Rob Owens - Piper Sandler Fatima Boolani - Citigroup Joseph Gallo - Jefferies Hamza Fodderwala - Morgan Stanley Adam Borg - Stifel Roger Boyd - UBS Securiti ...

For the quarter ended March 2024, CyberArk (CYBR) reported revenue of $221.55 million, up 37% over the same period last year. EPS came in at $0.75, compared to -$0.17 in the year-ago quarter.The reported revenue represents a surprise of +3.81% over the Zacks Consensus Estimate of $213.42 million. With the consensus EPS estimate being $0.27, the EPS surprise was +177.78%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

CyberArk (CYBR) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to loss of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 177.78%. A quarter ago, it was expected that this maker of software that detects attacks on privileged accounts would post earnings of $0.47 per share when it actually produced earnings of $0.81, delivering a surprise of 72.3 ...