The Latest Breaking News from CyberArk

Stephens analyst Brian Colley initiated coverage on five security software companies. Colley initiated CrowdStrike Holdings, Inc (NASDAQ:CRWD) with an Overweight and a $232 price target (47.4% upside).  Colley saw the comprehensive and expanding product offering opening a large growing TAM with meaningful upsell/cross-sell opportunities. He saw a sizable underpenetrated opportunity in the cloud security market.…

CyberArk Software Ltd (NASDAQ:CYBR) reported first-quarter FY22 revenue growth of 13% year-on-year to $127.6 million, missing the consensus of $130.3 million. Non-GAAP EPS loss of $(0.30) beat the consensus loss of $(0.31). Segments: Revenues from Subscription expanded 110% Y/Y to $51.9 million. Maintenance and professional services rose 6.1% Y/Y to $65.1 million. Key Performance…

CyberArk Software Ltd (NASDAQ: CYBR) reported fourth-quarter FY21 revenue growth of 5% year-on-year to $151.3 million, beating the consensus of $144.5 million. Non-GAAP EPS of $0.28 beat the consensus of $0.16.

Cybersecurity stocks are set to benefit as global security spending accelerates to meet proliferating AI-driven threats and persistent geopolitical uncertainty.