LONG BEACH, Calif.--(BUSINESS WIRE)--CyberArk IMPACT World Tour 2025--CyberArk (NASDAQ: CYBR), the global leader in identity security, today announced new discovery and context capabilities across its Machine Identity Security portfolio. The enhancements enable security teams to automatically find, understand and secure machine identities – spanning certificates, keys, secrets, workloads and more – reducing risk and simplifying compliance at scale. Machine identities outnumber human identities. ...

Group 1: Company Overview - CyberArk (CYBR) is gaining traction in the machine identity market, with the acquisition of Venafi acting as a key growth catalyst [1][4] - In Q1 of fiscal 2025, Venafi was included in nine of CyberArk's top 10 deals, enhancing cross-sell opportunities within its identity security platform [1][9] - Machine identities now outnumber human identities by more than 80 to 1, up from a 45:1 ratio a year ago, indicating a significant shift in enterprise IT security needs [3][9] Group 2: Notable Wins and Market Expansion - A Fortune 100 financial services firm expanded its relationship with CyberArk by entering into a multi-six-figure Annual Contract Value (ACV) deal for certificate lifecycle management and PKI offerings [2] - PDS Health, a long-time customer, also expanded its use of Venafi's solutions in a six-figure ACV deal during the first quarter [2] - CyberArk estimates that the acquisition of Venafi will expand its total addressable market by $10 billion to approximately $60 billion [4] Group 3: Competitive Landscape - Competitors like CrowdStrike and Palo Alto Networks are also evolving their platforms to meet enterprise security demands, with CrowdStrike enhancing its identity security platform using AI solutions [5] - Palo Alto Networks has seen strong momentum, closing over 90 net new platform deals in Q3 of fiscal 2025, reflecting its platformization strategy [6] Group 4: Financial Performance and Valuation - CyberArk shares have gained 19.4% year to date, slightly underperforming the Zacks Security industry's growth of 20.2% [7] - The company trades at a forward price-to-sales ratio of 13.16, which is below the industry's average of 14.5 [11] - The Zacks Consensus Estimate for CyberArk's earnings implies a year-over-year increase of approximately 25.74% for 2025 and 25.72% for 2026, although estimates have been revised downward recently [14]