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Over two years ago, CyberArk (CYBR) was a pick to buy on dips below the then current price of $45. Within about 20 months, the cybersecurity stock soared from a low of $40 to nearly $150. After this dip, the stock doesn't have the same cheap value as the lows in 2017, but CyberArk isn't expensive at $110 after the market selloff.
Future Growth
A big part of why CyberArk rallied in 2018 and early 2019 was the accelerating growth. The company turned in four consecutive quarters of growth in excess of 30%.