Why CyberArk Software (CYBR) Is Among the Best Cybersecurity Stocks to Buy According to Wall Street Analysts?

Insider Monkey12-17

We recently compiled a list of the 11 Best Cybersecurity Stocks to Buy According to Wall Street Analysts. In this article, we are going to take a look at where CyberArk Software Ltd. (NASDAQ:CYBR) ...

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In this article, we are going to take a look at where CyberArk Software Ltd. (NASDAQ:CYBR) ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-cyberark-software-cybr-among-203856284.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVIW.SI","symbol_name":"NVDA 3xLongSG261006","start_time":0,"source_url":"https://finance.yahoo.com/news/why-cyberark-software-cybr-among-203856284.html","article_id":"2492642492","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/VJn8.I.mXr91q6ZFWe8NrQ--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/4f34f369480291694e653d8ff87d92b9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492642492","pubTimestamp":1734381536,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 11 Best Cybersecurity Stocks to Buy According to Wall Street Analysts. 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In this article, we are going to take a look at where CyberArk Software Ltd. (NASDAQ:CYBR) stands against the other best cybersecurity stocks to buy.\nThe widespread growth of internet usage has seamlessly integrated connectivity into the daily lives of individuals and businesses. This expansion has also created greater opportunities for cybercriminals to engage in financial theft, compromise sensitive information, and disrupt critical infrastructure. Despite progress in reducing response times to cyber risks, it still takes organizations an average of 73 days to contain an incident. As organizations navigate an increasingly complex cyber threat landscape, staying ahead of emerging cybersecurity trends has become crucial. Amid the rise in both the volume and sophistication of cyberattacks, global spending on cybersecurity products and services reached $200 billion in 2024, a sharp increase from $140 billion in 2020, according to McKinsey. Additionally, the cybersecurity market is projected to grow at an annual rate of 12.4% between 2024 and 2027, exceeding historical growth levels as organizations intensify efforts to counter evolving threats.\nThe rise of artificial intelligence also presents a dual opportunity for cybersecurity prospects: securing AI systems and leveraging AI to bolster security capabilities. These technologies enhance threat detection, automate responses, and improve predictive analytics, allowing for more proactive and efficient defenses against increasingly sophisticated attacks. According to McKinsey, AI is broadening the scope of what is already a $2 trillion market opportunity for cybersecurity providers. The firm further states that securing AI has emerged as a distinct cybersecurity market segment, projected to grow from $122 million today to $255 million by 2027. Additionally, as more organizations shift workloads from public cloud environments to private clouds, they face new expenses, further increasing the capturable value for cybersecurity vendors.\nOn the other hand, as AI technology advances, concerns around data privacy and risk management are escalating for individuals and businesses alike. The World Economic Forum projected earlier this year that AI advancements could drive cyber incidents and data breaches to unprecedented levels in 2024, following a staggering 72% increase in breaches over the past year.\nCybersecurity Regulations and Policies\nPresident-elect Donald Trump's return, coupled with his commitment to a more inward-focused foreign policy, is expected to bring new cyber threats, reduced regulations across most industrial sectors, and the possibility of business-friendly federal privacy legislation. However, the overall regulatory landscape will likely shift toward less emphasis on compliance and greater focus on safeguarding critical infrastructure and technology firms, according to Michael Bahar, co-lead of global cybersecurity and data privacy at Eversheds Sutherland.\n\n\"We are going to see — at the federal level — a deprioritization of cybersecurity regulations and cybersecurity enforcement. One really important exception is where cybersecurity intersects with trade policy and national security and technology. That's actually where you're going to see an increase of enforcement and at least a continuation of the regulatory environment.\"\n\nExperts anticipate that cyber threats could evolve in response to shifts in foreign policy under the new administration. China, in particular, has emerged as a significant concern due to its cyber activities in the Asia-Pacific region, its opposition to U.S. support for Taiwanese democracy, and its defiance of international opposition to its expansive claims in the South China Sea.\n A data center with a repetetive design of computer servers, showing the companies' efficient and secure IT infrastructure. \nOur Methodology\nTo make our list of top cybersecurity stocks to buy according to Wall Street analysts, we reviewed the holdings of the Global X Cybersecurity ETF and selected stocks based on their upside potential, as of December 10. These stocks are ranked according to their average upside potential, from lowest to highest, based on price targets. Additionally, we have included the number of hedge funds with stakes in these stocks, using Insider Monkey's hedge fund data for the third quarter.\nWhy do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\nCyberArk Software Ltd. (NASDAQ:CYBR)\nAverage Analyst Upside: 8.70%\nNumber of Hedge Fund Holders: 55\nCyberArk Software Ltd. (NASDAQ:CYBR) is a prominent cybersecurity company specializing in identity management. It helps organizations across sectors like financial services, energy, retail, healthcare, and government protect sensitive assets by securing access to privileged accounts.\nBack in October, CyberArk Software Ltd. (NASDAQ:CYBR) completed its acquisition of Venafi, expanding its total addressable market by $10 billion to approximately $60 billion. This acquisition reinforces CyberArk’s leadership in identity security by integrating Venafi’s expertise in machine identity management. The collaboration enhances CyberArk’s security offerings, enabling comprehensive solutions to protect machine identities, including workloads, applications, and IoT devices.\nOn December 9, Jefferies raised its price target for CyberArk Software Ltd. (NASDAQ:CYBR) to $400 from $340, citing optimism about the 2025 outlook for annual recurring revenue (ARR) growth and the strategic impact of the Venafi acquisition. CyberArk’s ARR expectations for 2025, including Venafi, suggest a 20% year-over-year growth, aligning with the company’s projections. Jefferies expects the company to initially guide ARR growth in the low 20% range for 2025, with gradual acceleration throughout the year.\nIn Q3 2024, CyberArk Software Ltd. (NASDAQ:CYBR) delivered strong financial results, achieving record revenue of $240.1 million, a 26% increase year-over-year. For Q4, the company anticipates revenue between $297 million and $303 million, exceeding the consensus estimate of $259.7 million. In addition, non-GAAP operating income is projected between $43.5 million and $48.5 million.\nNext Century Growth Small Cap Strategy stated the following regarding CyberArk Software Ltd. (NASDAQ:CYBR) in its first quarter 2024 investor letter:\n\n“CyberArk Software Ltd. (NASDAQ:CYBR) is a leading identity security platform which helps companies protect against cybersecurity attacks. CYBR specializes in privileged access management (PAM) and has a full suite of products for identity security. As cyber attack sophistication increases, companies of all sizes need to upgrade from legacy solutions such as SSO (single sign on) and MFA (multi-factor authentication), which is leading to a strong demand environment for CYBR’s solutions. Given this end market backdrop, the company is growing revenue >20% and is delivering solid margin expansion.”\n\nOverall, CYBR ranks 10th on our list of best cybersecurity stocks to buy according to Wall Street analysts. While we acknowledge the potential of CYBR, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CYBR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.\nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492642492"}