From Nasdaq: 2024-05-07 09:35:54

The cybersecurity industry is experiencing high demand due to the rise in online threats. Incidents, like the $872 million Q1 charges for UnitedHealth Group from a cyberattack, highlight the importance of cybersecurity. CyberArk Software, a leading cybersecurity company, posted strong Q1 earnings and raised its full-year outlook for revenue and income. The stock has a consensus “Strong Buy” rating from analysts, with a target price suggesting a 20.3% potential upside. With cybersecurity investments expected to increase, CYBR stock remains a compelling choice for investors.



Read more at Nasdaq: 1 Cybersecurity Stock to Scoop Up After Q1 Beat and Raise