A secure place in stormy seas. That’s what Udi Mokady and co-founder Alon Cohen envisioned when they decided that CyberArk Software (CYBR) was the right name for their fledgling network security firm in 1999. The founders and their business partner, Box (BOX), wanted to create a digital vault inside computer networks to safeguard privileged accounts and other sensitive information amid increasing cyberattacks. Since taking on the role of CEO
Today’s Screen of the Day is Young Guns, which features top-rated companies that have gone public in the last 15 years. Three stocks in the Security-Software industry group made the list: Palo Alto Networks (PANW), CyberArk Software (CYBR) and Qualys (QLYS). All are expected to see triple-digit earnings growth next quarter. Palo Alto’s EPS is projected to surge 900%, a massive increase from last quarter’s 90% growth. CyberArk is expected to grow
CyberArk Software (CYBR) stock jumped Monday as Bank of America/Merrill Lynch initiated coverage on the cybersecurity company with a buy rating. BofA analyst Tal Lian set a price target of 60, saying CyberArk’s software security technology has unique advantages that differentiate it from competitors. CyberArk stock jumped 11% to 54 in midday trading on the stock market today, bouncing off its 10-week line. The stock has pulled back sharply in