From Nasdaq: 2025-06-03 04:00:00

CyberArk Software (CYBR) is a Zacks Rank #1 stock providing IT security solutions to over 5,400 global businesses. The company’s Privileged Access Management technology helps prevent unauthorized access, reducing cyberattack risks. Data breaches have steadily increased, driving demand for cybersecurity. CYBR’s revenue is expected to triple by 2025, reflecting its strong position in the industry.

The rise of remote work and BYOD policies due to the pandemic has increased the need for stricter data security measures, benefiting companies like CyberArk. The company consistently beats Wall Street analyst expectations, showcasing its strong performance. CYBR shares demonstrate significant relative price strength and are building a cup-with-handle base structure.

CyberArk boasts a strong balance sheet with no debt, indicating sound financial management. With the surge in cyber threats due to cloud computing and hybrid work models, CYBR’s position in the Privileged Access Management niche makes it a leader in the cybersecurity industry. Zacks Research Chief highlights a stock set to double, emphasizing the potential gains in innovative financial firms like CyberArk.



Read more at Nasdaq: Bull of the Day: CyberArk Software (CYBR)