$CYBR CyberArk Software Ltd Deep Dive and 2024 Outlook
The Cybersecurity company is getting to all-time-highs
CyberArk Software Ltd. is an Israeli cybersecurity company that provides identity security solutions to protect against advanced cyber threats. Founded in 1999 by Udi Mokady and Alon N. Cohen, CyberArk offers a comprehensive Identity Security Platform to secure all human and machine identities with intelligent privilege controls.CyberArk's technology is utilized primarily in the financial services, energy, retail, healthcare, and government markets.
The company has over 8,000 customers in 110 countries, including over 55% of the Fortune 500 and over 35% of the Global 2000.CyberArk's solutions include Workforce and Customer Access, Endpoint Privilege Security, Privileged Access Management, Secrets Management, Cloud Security, Identity Management, and Shared Services. The company has made several strategic acquisitions to expand its product portfolio, including Viewfinity, Conjur, Vaultive, and Idaptive.
The big questions for CyberArk Software Ltd and the stock in 2024?
What is CyberArk's strategy for expanding into new verticals and geographies?
Can CyberArk maintain its strong growth momentum?
How is CyberArk faring against competition in the identity security market?
How is CyberArk navigating the shift to cloud and browser-based security solutions?
Can CyberArk continue improving its profitability and cash flow?
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