CyberArk Software: Reiterate Buy Rating As Growth Momentum Remains Strong

  • I reiterate my buy rating on CyberArk, as growth is accelerating with ARR and revenue up significantly, proving identity security is non-discretionary. Venafi integration is ahead of schedule, with strong cross-sell traction and a regulatory tailwind driving demand for automated machine identity solutions. Zilla acquisition expands CYBR's addressable market and platform capabilities, solving legacy IGA pain points with faster, easier deployment.