The latest trading session saw CyberArk (CYBR) ending at $262.79, denoting a +0.02% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.49%.The maker of software that detects attacks on privileged accounts's shares have seen an increase of 10.57% over the last month, surpassing the Computer and Technology sector's gain of 5.94% and the S&P 500's gain of 3.22%.The upco ...

Knowing which tech stocks to buy may be crucial to financial success and portfolio growth. Tech stocks are expected to drive market interest through 2024, with breakthroughs redefining industries and securing significant investor interest. Three businesses, each making a distinct contribution to the tech industry, perfectly capture this trend. Innovations in AI, cybersecurity, and identity management are not simply catchphrases; they are essential elements that are changing the face of business throughout t ...

CyberArk Software Ltd. (CYBR) stock has demonstrated decent price performance this year so far. Year to date, CYBR has gained 15.2%, outperforming the Zacks IT Services industry’s growth of 4.6%. The company’s sustained focus on expanding its customer base has turned investors optimistic about its growth prospects.Recently, Coca-Cola Hellenic Bottling Company (“Coca-Cola HBC”), a bottling partner of The Coca-Cola Company (KO) , has selected CyberArk Identity Security platform. By implementing CyberArk’s pri ...

Cybersecurity stocks are great long-term buys because we’re still not prepared for cyber attacks, even after hundreds of incidents over the years. It’s estimated that global cybercrime damage costs will reach $10.5 trillion USD annually by 2025, up from $3 trillion USD in 2015. This backdrop has led to my list of the best cybersecurity stocks to buy.Shockingly, 65% of small to medium businesses don’t think they’re cyberattack targets, and even government agencies like the U.S. Marshals Service have fallen v ...

Cybersecurity stocks to buy benefit from an incredibly cynical narrative: when bad things happen in the digital realm, the bullish case for the aforementioned sector rises.Given this correlation, it’s easy to see why some folks have a conspiratorial view of the cybersecurity ecosystem. Not only that, the underlying narrative isn’t accretive or productive. In other words, the expenditures in protection against digital breaches don’t forward the underlying business. Rather, they allow the business to stay in ...

CyberArk (CYBR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this maker of software that detects attacks on privileged accounts have returned +2.4%, compared to the Zacks S&P 500 composite's +7.3% change. During this period, the Zacks Computers - IT Services industry, which CyberArk falls in, has gained 9.8%. The key question now is: What could be the ...

We’re still sitting ducks when it comes to cyberattacks, which creates an opportunity for some of the top cybersecurity stocks to buy.The U.S. Environmental Protection Agency (EPA) just warned that attacks against water utilities are becoming more frequent and severe. They’re also urging water systems to take immediate action to protect the nation’s drinking water.In Michigan, pharmacies struggled to fill prescriptions because of a ransomware attacks on Ascension Rx retail pharmacies. Other attacks this yea ...

CyberArk Software Ltd. (CYBR) has entered into a definitive agreement to acquire Venafi, a leader in machine identity management, from the private equity firm Thoma Bravo in a cash-stock deal worth $1.54 billion.Per the agreement, CyberArk will pay $1 billion in cash and $540 million in its shares. Both companies’ boards have approved the transaction, which is expected to close in the second half of 2024, pending regulatory approvals and customary closing conditions.CyberArk aims to merge Venafi’s advanced ...

CyberArk plans to acquire Venafi from Thoma Bravo for an enterprise value of about $1.54 billion, saying it aims to create a unified platform for machine identity security at scale.The acquisition will add Venafi’s machine identity management solutions to CyberArk’s identity security capabilities, the companies said in a Monday (May 20) press release.Subject to regulatory approvals and other customary closing conditions, the transaction is expected to close in the second half, according to the release.“Our ...

More cybersecurity consolidation coming your way, with bigger players picking up startups that will help them bolt on tech to meet the ever-expanding attack surface for enterprises as they move more activity into the cloud. In the latest development, CyberArk — one of the army of larger security companies founded out of Israel — is acquiring Venafi, a specialist in machine identity, for $1.54 billion in a cash and share deal. Specifically, CyberArk will pay $1 billion in cash and approximately $540 million ...