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Stock impact report

CyberArk Software: Don't Get Caught In The Bull Trap [Seeking Alpha]

CyberArk Software Ltd. - Ordinary Shares (CYBR) 
Last cyberark software ltd. - ordinary shares earnings: 2/12 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.cyberark.com
Company Research Source: Seeking Alpha
With social distancing increased adoption of remote work by organizations of all sizes, there is a lot of bullish sentiment on CyberArk Software Ltd. (NASDAQ:CYBRMy StTo be clear, I am not bearish on CyberArk Software. Privileged Access Management is an important area within cybersecurity is currently dealt with the seriousness it deserves only by very few organizations. With the growing number of organizations transforming their business digitally, the administrator access for these systems needs enhanced protection.CyberArk is clearly the leader in the PAM space, there is large potential in a relatively untapped market.Competition is growing in the PAM space, but that is a story for another day.IT Budget CutsRecent stards indicate that many firms set aside about ten percent of thetotal IT budget for cybersecurityCOVID-19 the associated business disruption are causing organizations to introduce ITbudget cutsto increase liquidity survive during the pemic.(Source: Enterprise Techn Show less Read more
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