CyberArk could benefit from recent breach at Treasury, says Rosenblatt

Rosenblatt notes that a recent breach at the Treasury Department involved the compromise of a digital key discovered by Beyond Trust, which is a competitor of CyberArk (CYBR). This incident “represents a potential opportunity for CYBR to replace Beyond Trust’s solutions within the US Treasury, other federal agencies and customers,” according to the analyst, who maintains a Buy rating on CyberArk shares.