CYBR Trades Near 52-Week High: Is it the Right Time to Buy the Stock?

CyberArk (CYBR) has seen its share price surge 28% year to date, outperforming the Zacks Computer and Technology sector and the S&P 500’s return of 23.5% and 20.8%, respectively. At the closing price of $280.34 on Oct. 4, 2024, CyberArk currently trades near its 52-week high of$294.9 and nearly 84% higher than its 52-week low of $152.03 due to the broader economic uncertainties.This significant outperformance reflects CyberArk's continued success in expanding its product offerings, securing high-value deal ...