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CyberArk Software ( (CYBR) ) has provided an update.
CyberArk Software Ltd. announced significant achievements in 2024, including surpassing $1 billion in annual recurring revenue and total revenue, alongside improved profitability and free cash flow. The company completed strategic acquisitions of Venafi and Zilla Security, enhancing its identity security platform with machine identity management and modern IGA capabilities. These moves, coupled with product innovations like CyberArk CORA AI, have strengthened CyberArk’s market leadership and competitive edge, positioning it for continued growth in 2025 despite economic uncertainties.
The most recent analyst rating on (CYBR) stock is a Buy with a $315.00 price target. To see the full list of analyst forecasts on CyberArk Software stock, see the CYBR Stock Forecast page.
Spark’s Take on CYBR Stock
According to Spark, TipRanks’ AI Analyst, CYBR is a Outperform.
CyberArk Software’s strong revenue growth, robust demand for identity security solutions, and cash flow improvements are key strengths contributing to a solid overall score. Despite these positives, challenges in profitability and valuation concerns due to negative earnings and lack of dividends weigh on the score. The positive sentiment from the latest earnings call, with raised guidance and successful strategic initiatives, further supports the stock’s outlook.
To see Spark’s full report on CYBR stock, click here.
More about CyberArk Software
CyberArk Software Ltd. operates in the cybersecurity industry, focusing on identity security solutions. Its primary products include a unified identity security platform designed to apply intelligent privilege controls across human, machine, and AI identities. The company is known for its strategic positioning in the market, offering solutions that help organizations secure complex environments against cyberthreats.
Average Trading Volume: 692,160
Technical Sentiment Signal: Buy
Current Market Cap: $17.28B
Find detailed analytics on CYBR stock on TipRanks’ Stock Analysis page.