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 ...

NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the identity security company, today announced that Heng Leong Hang, a well-established and renowned retail brand in Taiwan with more than 70 stores, has chosen the CyberArk Identity Security Platform as the foundation of its evolving cybersecurity strategy. Applying the right levels of privilege controls, the CyberArk Identity Security Platform secures human and machine identities and flexibly automates the identity lifecycle – ...

Currency Impact - In 2023, a 10% strengthening or weakening of the NIS against the U.S. dollar would have impacted the operating loss by approximately $17.7 million[104]. - A 10% strengthening or weakening of the British pounds against the U.S. dollar would have affected the operating loss by approximately $2.0 million in 2023[104]. - The fluctuation in different currencies in 2023 decreased total operating loss by approximately $14.7 million compared to 2022[104]. Intellectual Property - As of December 31, 2023, the company held 147 issued patents in the U.S. and 62 issued patents in non-U.S. jurisdictions[110]. - The company has 48 pending U.S. patent applications and expects to file additional patent applications in the future[110]. Certifications and Compliance - The company has maintained SOC 2 accreditation since 2019 and attained ISO 27018 certification in 2023[106]. - The company is pursuing authorization from the Federal Risk and Authorization Management Program (FedRAMP) for certain SaaS products[106]. - The company is subject to the Sarbanes-Oxley Act requirements, which necessitate effective internal control over financial reporting[137]. - The company may lose its foreign private issuer status, resulting in increased regulatory and compliance costs under U.S. securities laws[135]. Financial Instruments and Shareholder Impact - The company issued $575.0 million aggregate principal amount of 0.00% Convertible Senior Notes due 2024, which may impact earnings per share calculations[127]. - The current conversion rate for the Convertible Notes is 6.3478 ordinary shares per $1,000 principal amount, equating to a conversion price of approximately $157.53[127]. - The company anticipates potential dilution of existing shareholders due to the Convertible Notes, which could create downward pressure on the share price[126]. - The Capped Call Transactions are designed to reduce potential dilution upon conversion of the Convertible Notes, with a cap currently set at $229.14 per share[128]. - The indenture for the Convertible Notes prohibits certain mergers or acquisitions unless the surviving entity assumes obligations under the Convertible Notes[129]. - The company may face increased Israeli withholding tax costs if clarifications from the Israeli Tax Authorities are not obtained regarding the Convertible Notes[131]. - The company may not have sufficient funds to repurchase the Convertible Notes upon a fundamental change, which could lead to defaults under the indenture[133]. Taxation Risks - Changes in tax laws relating to multinational corporations could adversely affect the company's tax position and effective tax rate over time[143]. - The company is monitoring international taxation changes, including a potential global minimum tax rate of at least 15%, which could affect its effective tax rate[25]. - The company has been granted Approved Enterprise status under the Israeli Investment Law, which provides tax benefits that may be reduced or terminated in the future, potentially increasing tax liabilities[158]. Operational Risks - The ongoing war between Israel and Hamas, along with regional instability, may adversely impact the company's business operations and workforce availability[146][151]. - The Israeli government has downgraded its credit rating from A1 to A2, which may negatively affect the company's financial condition and operations[153]. - The company is subject to increased risks of cyberattacks due to its Israeli location, which could impact business continuity and operational capacity[151]. - The company has experienced workforce disruptions due to military service obligations, which may impact product development and customer expectations[152]. - The company may face challenges in enforcing U.S. court judgments in Israel, complicating legal proceedings related to U.S. securities laws[166]. Shareholder Rights and Governance - The company’s articles of association contain provisions that may delay or prevent a change of control, impacting potential mergers or acquisitions[163]. - The rights and responsibilities of shareholders are governed by Israeli law, differing materially from U.S. corporations[168]. - Shareholders of the Israeli company have a duty to act in good faith and refrain from abusing their power in company matters[169]. - There is limited case law in Israel regarding the enforcement of shareholder rights and responsibilities[169]. - Shareholders must act fairly when determining the outcome of votes or appointments within the company[169]. - Enforcing judgments against the company in Israel may be difficult, impacting shareholders' ability to collect damages awarded by courts[167].

SmileStudioAP CyberArk (NASDAQ:CYBR) is a Privileged Access Management focused identity security vendor. The company has had a difficult multi-year period due to its transition to a subscription business model but is now beginning to flourish. Identity continues to be central to modern cybersecurity and CyberArk's position as a leading PAM vendor positions it to capitalize on this. The market has been slow to recognize the quality of CyberArk's business, leading to chronic undervaluation. I fall into th ...

The Zacks Computers – IT Services industry participants are suffering from challenging macroeconomic conditions that are elongating the sales cycle. The adoption of consultation and transaction processing solutions has been affected by an uncertain macro environment. However, industry participants like Dell Technologies (DELL) , Fair Isaac (FICO) and CyberArk Software (CYBR) have been benefiting from ongoing digitization efforts globally. Robust spending on cloud, Internet of Things (IoT), cyber security, d ...