CyberArk Software Ltd. (CYBR) is a leading international Identity Security company. Based on the privileged access management, the company is the provider of wide-ranging security offering for multiple identities across business apps, hybrid cloud workloads, and DevOps lifecycle.
The price of CYBR stock during the regular trading on February 9, 2022, was $143.4 with a 3.19% surge. At last check in the premarket on February 10, 2022, the stock was further up by 8.03%.
CYBR: Key Financials
On February 10, 2022, CYBR released its financial results for the fourth quarter ended December 31, 2021. Some of the key updates are as follows.
Revenue
Total revenue in Q4 2021 was $144.5 million compared to $151.3 million in the same period in 2020. The analysts estimated the revenue of the quarter to be $144.4 million. The company beat the analysts’ expectations of the revenue.
EPS
Diluted net income per share in Q4 2021 was $12 million or $0.30 against a net loss of $16.8 million or $0.42 in the same quarter of 2020. The estimated EPS for the quarter was $0.16 and the company beat the analysts’ estimates.
CYBR: Events and Happenings
On November 22, 2021, CYBR informed about the participation of its management in the following investor conferences.
- Virtual Nasdaq 45th Investor Conference on December 1,
- Virtual UBS Global TMT Conference on December 6, and
- Virtual Barclays Global Technology, Media and Telecommunications Conference on December 7, 2021.
On November 3, 2021, CYBR updated that it was nominated as the sole Visionary in the Gartner Magic Quadrant for Access Management. The company is dedicated to supporting the enterprises to steer the challenges related to access management across multiple IT environments along with protection against cyber threats.
On November 2, 2021, CYBR published a research paper regarding the continuation of operations of organizations with limited visibility into user activity linked with web apps, despite the insider threats and credential theft risk. On October 6, 2021, CYBR and Telefonica Tech co-reported the expansion of SaaS-based cybersecurity solutions for protection against identity-driven risk. Without sacrificing their business agility, the clients will take advantage of being able to secure access for all identities.
Conclusion
CYBR outpaced in the last six months period as its stock is 5% up than before. The company’s recent stock swell is the consequence of its good performance in Q4 2021. It beat the analysts’ estimated revenue and EPS in the quarter.
