CyberArk Software Ltd. (CYBR) , a software-based identity security solution and services provider, is set to report first-quarter 2024 results before market open on May 2.Shares of CyberArk have outperformed the Zacks Computer – IT Services industry in the year-to-date (YTD) period. CYBR stock has risen 10.8% YTD, while the Computer – IT Services industry increased 5.7% during the same time frame.The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average ...

In the latest market close, CyberArk (CYBR) reached $242.60, with a -1.01% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 1.02%. Meanwhile, the Dow gained 0.4%, and the Nasdaq, a tech-heavy index, added 2.03%.Prior to today's trading, shares of the maker of software that detects attacks on privileged accounts had lost 7.74% over the past month. This has lagged the Computer and Technology sector's loss of 5.32% and the S&P 500's loss of 3.15% in that time. ...

CyberArk (CYBR) closed at $244.53 in the latest trading session, marking a +1.84% move from the prior day. This change outpaced the S&P 500's 0.02% gain on the day. On the other hand, the Dow registered a loss of 0.11%, and the technology-centric Nasdaq increased by 0.1%.Prior to today's trading, shares of the maker of software that detects attacks on privileged accounts had lost 8.87% over the past month. This has lagged the Computer and Technology sector's loss of 5.13% and the S&P 500's loss of 3.01% in ...

Core Insights - CyberArk (CYBR) has launched its Identity Security Platform services from a data center in the UAE to enhance data sovereignty and support local cybersecurity regulations [1] - The company is expanding its market share and competitive advantage through innovative offerings, including the CyberArk Secure Browser and an AI Center of Excellence [2] - The shift towards hybrid work arrangements is driving demand for CyberArk's security solutions, positively impacting its revenue [3] Group 1: Company Developments - CyberArk's new UAE-based data center will allow organizations to manage and store data within the UAE, addressing local cybersecurity needs [1] - The introduction of the CyberArk Secure Browser enhances its Identity Security offerings, catering to enterprise needs [2] - The establishment of an AI Center of Excellence reflects CyberArk's commitment to innovation in response to evolving cybersecurity threats [2] Group 2: Market Performance - CyberArk has achieved a Zacks Rank 1 (Strong Buy) and has seen a share price increase of 104.5% over the past year [4] - The company is positioned favorably within the technology sector, alongside other top-ranked stocks like Dell Technologies, Arista Networks, and Crexendo [4] - The upward revisions in earnings estimates for peer companies indicate a positive trend in the technology sector, which may benefit CyberArk as well [4]

With the innovation sector broadly suffering a corrective spell, it’s tempting to jump on tech stocks to buy now. However, the million-dollar question has always been, which ones?Yes, some enterprises have suffered big valuation cuts. However, we have to determine if that’s a discount or a value trap. For example, I’m hesitant about pure-play electric vehicle manufacturers. Yes, the red ink has been flying. Yet there could be more pain down the line if economic undertones don’t cooperate. Still, there are a ...

CyberArk (CYBR) closed the latest trading day at $235.98, indicating a -1.66% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.58%. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, lost 1.15%.Shares of the maker of software that detects attacks on privileged accounts have depreciated by 8.36% over the course of the past month, underperforming the Computer and Technology sector's loss of 0.47% and the S&P 500's loss of 1.09%.Market participants will be ...

CyberArk’s (CYBR) shares jumped 13.4% in the year-to-date period, driven by a strong performance. The improvement showcases investors' trust in CYBR's solid fundamentals and its strong position in the cyber security market.CyberArk's earnings have outpaced estimates in each of the trailing four quarters, delivering an average surprise of 76.26%. Moreover, the company has a long-term earnings growth expectation of 20%.CYBR currently sports a Zacks Rank #1 (Strong Buy) and has a Growth Score of B at present. ...

CyberArk Software Ltd. (CYBR) recently launched the CyberArk MSP Console, a groundbreaking tool designed specifically for managed service providers (MSPs). This innovative platform enhances operational efficiency and scalability for MSPs, offering a comprehensive dashboard to seamlessly monitor and manage customers utilizing the CyberArk Identity Security Platform.MSP Console Strengthens CyberArk’s CapabilitiesThe CyberArk MSP Console is a significant milestone in CyberArk’s commitment to empowering its ext ...

With top-tier innovators dominating business media headlines, the concept of best Nasdaq stocks to buy likely won’t need much coaxing. However, I’d like to mix it up a bit and focus on less-covered enterprises.Don’t get me wrong – I’m not suggesting dumping all your favorite semiconductor ideas and going 100% into gold. Rather, it just makes sense to consider companies that haven’t really received much of the spotlight. Believe it or not, there are quite a few intriguing names that could surprise Wall Stree ...

CyberArk Software Ltd. (CYBR) announced that its Identity Security Platform has been selected by a Taiwanese retail brand, Heng Leong Hang. Notably, Heng Leong Hang has chosen the security platform to protect the sensitive information of its customers and employees.CyberArk’s Identity Security Platform will enable Heng Leong Hang to improve its security across its on-premises infrastructure, website, e-commerce and AWS cloud resource environment. Together, the two companies will work on employee identity au ...