CyberArk Software Ltd. (CYBR) News
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CYBR News Highlights
- For CYBR, its 30 day story count is now at 7.
- Over the past 21 days, the trend for CYBR's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
- AG are the most mentioned tickers in articles about CYBR.
Latest CYBR News From Around the Web
Below are the latest news stories about CYBERARK SOFTWARE LTD that investors may wish to consider to help them evaluate CYBR as an investment opportunity.
Cybersecurity stocks have underperformed in 2023. But cloud security companies may be better positioned as corporate budgets tighten.
CyberArk Named an Overall Cloud Infrastructure Entitlement Management (CIEM) Leader by KuppingerCole Analysts
NEWTON, Mass. & PETACH TIKVA, Israel, December 20, 2023--CyberArk (NASDAQ: CYBR), the identity security company, today announced it was named an Overall Leader in the KuppingerCole Analysts AG 2023 "Leadership Compass: Cloud Infrastructure Entitlement Management (CIEM)"1 report. The company’s leadership is based on the strength of the CyberArk Identity Security Platform and its innovative cloud security solutions.
Corporate spending on cyber security is expected to grow by 14% in 2024 suggesting that many cybersecurity software and hardware companies should be excellent long-term buys.
Fundamental coverage of CyberArk Software was initiated at Jefferies Friday with a "buy" recommendation. In the daily bar chart of CYBR, below, I can see that the shares have traded higher the past year. CYBR is trading above the rising 50-day moving average line and above the rising 200-day line.
With cybersecurity threats continuing to intensify, these three cybersecurity stocks are well-positioned to benefit from these trends.
CyberArk, Zscaler, and SentinelOne are all great stock-buying plays on this booming market.
Corporate spending on cyber security is expected to grow by 14% in 2024. Many cybersecurity software and hardware companies should be excellent long-term buys.
This cybersecurity stock could rally further, but I am not so sure I want to join in, after reviewing the charts.
Investing.com -- Shares in Cyberark (NASDAQ:CYBR) rose in premarket U.S. trading on Monday after analysts at Wells Fargo lifted their rating of the information security group to "overweight" from "equal weight."
NEWTON, Mass. & PETACH TIKVA, Israel, November 21, 2023--CyberArk, the identity security company, was named an Overall Leader in the KuppingerCole Analysts AG 2023 "Leadership Compass: Access Management."