CYBR - CyberArk Software: Buying Venafi After Operating Momentum Accelerates

2024-05-21 11:51:13 ET

Summary

• CyberArk shares have seen strong momentum in 2024, driven by a solid first quarter and a substantial deal.
• The company's valuation has grown significantly since going public a decade ago, as growth opportunities remain very large.
• Despite lack of profitability, investors have seen significant returns, but the high valuation and lack of earnings make the risk-reward proposition less compelling here.

Shares of CyberArk ( CYBR ) have seen solid momentum already in 2024. The cybersecurity company has seen a very strong share price performance as the market is clearly appreciating the accelerating operating momentum here....

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