Short interest for CyberArk Software gives investors a sense of the degree to which investors are betting on the decline of CyberArk Software's stock. Short interest data is updated every two weeks.

CyberArk Software Stock (NASDAQ:CYBR), Short Interest Report

CyberArk Software

CyberArk Software Ltd provides Information technology security solutions to protect data, infrastructure, and assets across the enterprise. The company's software solutions are focused on protecting privileged accounts, credentials, and secrets. Its products and services include Privileged Access Manager, Vendor Privileged Access Manager, Privileged Session Manager (PSM), Enterprise Password Vault (EPV), PrivateArk, and Privilege Cloud, among others. Geographically, it generates maximum revenue from the United States and also has a presence in Europe, Middle East and Africa and Other countries.

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With the earnings season now halfway through, the percentage of S&amp;P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages.

Will Earnings Cheer Continue To Buoy Markets? Apple, Amazon, Pfizer, Coinbase Lead Flurry Of Q1 Reports This Week

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Tech analyst Daniel Ives predicts 15% surge for Microsoft, Alphabet, Amazon, Palantir, and Meta. Q1 earnings expected to drive tech stocks up 15% in 2024.

Why Microsoft, Alphabet, Amazon, Palantir, And Meta Could Rise 15% In 2024, According To Analyst

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Market strategist Matt Orton has identified two under-the-radar U.S. small-cap companies that he believes have significant potential for growth.

Top 2 Small-Cap US Stocks To Watch According To Market Strategist Matt Orton

CyberArk Software Ltd

CYBRA CORP by CYBRA Corp.

Rosenblatt analyst Catharine Trebnick maintains CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) with a Buy and maintains $310 price target.

Price Target

Rosenblatt Maintains Buy on CyberArk Software, Maintains $310 Price Target

Investors with a lot of money to spend have taken a bullish stance on CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CYBR, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 21 uncommon options trades for CyberArk Software.
This isn't normal.
The overall sentiment of these big-money traders is split between 57% bullish and 38%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $262,053, and 16 are calls, for a total amount of $1,244,856.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $230.0 and $290.0 for CyberArk Software, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for CyberArk Software's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of CyberArk Software's whale trades within a strike price range from $230.0 to $290.0 in the last 30 days. 
<h3>CyberArk Software Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714500945_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CYBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$11.8</td>
<td>$11.2</td>
<td>$11.8</td>
<td>$260.00</td>
<td>$436.6K</td>
<td>187</td>
<td style="text-align: right;">371</td>
</tr>
<tr>
<td>CYBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$12.0</td>
<td>$11.7</td>
<td>$12.0</td>
<td>$260.00</td>
<td>$168.0K</td>
<td>187</td>
<td style="text-align: right;">379</td>
</tr>
<tr>
<td>CYBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$12.3</td>
<td>$12.1</td>
<td>$12.1</td>
<td>$260.00</td>
<td>$137.9K</td>
<td>187</td>
<td style="text-align: right;">745</td>
</tr>
<tr>
<td>CYBR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$11.0</td>
<td>$10.2</td>
<td>$11.0</td>
<td>$290.00</td>
<td>$95.7K</td>
<td>1.3K</td>
<td style="text-align: right;">453</td>
</tr>
<tr>
<td>CYBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$18.2</td>
<td>$18.0</td>
<td>$18.05</td>
<td>$230.00</td>
<td>$72.3K</td>
<td>338</td>
<td style="text-align: right;">56</td>
</tr>
</tbody>
</table>

<h3>About CyberArk Software</h3>
CyberArk Software Ltd provides Information technology security solutions to protect data, infrastructure, and assets across the enterprise. The company's software solutions are focused on protecting privileged accounts, credentials, and secrets. Its products and services include Privileged Access Manager, Vendor Privileged Access Manager, Privileged Session Manager (PSM), Enterprise Password Vault (EPV), PrivateArk, and Privilege Cloud, among others. Geographically, it generates maximum revenue from the United States and also has a presence in Europe, Middle East and Africa and Other countries.
Having examined the options trading patterns of CyberArk Software, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>CyberArk Software's Current Market Status</h3>
<ul>
<li>Trading volume stands at 298,039, with CYBR's price down by -1.51%, positioned at $239.9.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 2 days.</li>
</ul>
<h3>Professional Analyst Ratings for CyberArk Software</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $307.5.
<ul>
<li>Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $300.</li>
<li>An analyst from B of A Securities downgraded its action to Buy with a price target of $315. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for CyberArk Software with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

CyberArk Software's Options: A Look at What the Big Money is Thinking

CyberArk Earns New SOC 2 Type 2, SOC 3 Certifications for Identity Security Platform

Corporate <a href="https://www.benzinga.com/markets/equities/24/04/38471231/strong-quarterly-earnings-fuel-market-optimism-despite-inflation-concerns-slowing-economic-growt">earnings came to the market&#8217;s rescue in the past week,</a> helping to overcome rate fears. As we look ahead to the unfolding week, it remains to be seen whether the tech earnings deluge can keep the rally&#8217;s momentum going. 
The Week That Was: High-profile Magnificent Seven earnings panned out mostly positively for the market, with Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) the outlier. The social media giant&#8217;s stock fell sharply as traders fretted over the soft second-quarter revenue guidance and the company&#8217;s massive AI investment plans. 
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) managed to appease the Street despite the double miss as it held out the promise of an expeditious launch of a more affordable EV. 
With the earnings season now halfway through, the percentage of S&amp;P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages, <a href="https://insight.factset.com/sp-500-earnings-season-update-april-26-2024?utm_source=Direct&amp;utm_medium=Email&amp;utm_campaign=FO-04-26-2024&amp;utm_content=httpsinsightfactsetcomsp500earningsseasonupdateapril262024">said </a>FactSet in a report.
The blended first-quarter earnings growth of S&amp;P 500 companies is estimated at 3.5%, up from the 0.6% growth estimated in the week ended April 19, the financial data analytics firm said. If the trend holds, the S&amp;P 500 companies are on track to report earnings growth for the third straight quarter.
Of the 11 S&amp;P sector classes, eight sectors reported year-over-year earnings growth, led by communication services, utilities, IT, and consumer discretionary sectors. On the other hand, healthcare, energy, and materials have reported year-over-year earnings declines.
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best Tech Stocks Right Now</a>
Look Ahead: The unfolding week will see 175 S&amp;P 500 companies and 6 Dow 30 components releasing their quarterly scorecards. The earnings roster includes two Magnificent Seven companies, namely Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Amazon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), e-commerce retailers, payment processors, restaurants, and energy and REIT companies.
Earnings from Apple and Amazon could be market-moving, given the weighting of these stocks in the S&amp;P 500 Index. Also, Apple is considered a bellwether, given its exposure to consumers. Morgan Stanley&#8217;s Erik Woodring expects Apple to report a slightly beat but guide June quarter revenue down. 
Investors are likely to keep a close eye on performance in China, Apple&#8217;s updated capital return framework, and capital expenditures, the analyst said.
That said, the analyst is positive on the stock ahead of its annual Worldwide Developers&#8217; Conference due on June 10th. &#8220;With Apple&#8217;s biggest WWDC event on June 10th, we&#8217;d buy post-earnings weakness,&#8221; he said.
Amazon will likely continue to report double-digit sales and profit growth in the first quarter, according to Telsey Advisory Group analyst Joseph Feldman. The analyst premised his optimism on the strength of online spending, gains from expanded merchandise and faster fulfillment, and stabilization (and growth) of AWS. 
&#8220;Importantly, we expect [a] greater focus on profits supported by the growth of higher margin categories and services, such as advertising, media, and AWS (partly helped by AI-related upgrades), the redesigned distribution network&#8230;.. and cost savings,&#8221; he said.
Notable among the <a href="https://www.benzinga.com/calendars/earnings">companies reporting earnings this week</a> are:
Monday 
<ul>
<li>Before the bell: JinkoSolar Holding Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>), ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), Koninklijke Philips N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>), SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)</li>
<li>After the close: F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>), Everest Group, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>), NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>), Lattice Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), Qiagen N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QGEN#NYSE">QGEN</a>), Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>), Sanmina Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANM#NASDAQ">SANM</a>), Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>)</li>
</ul>
Tuesday 
<ul>
<li>Before the bell: 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>), The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>), McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>)</li>
<li>After the close: Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), ONEOK, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>), Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>), Unum Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNM#NYSE">UNM</a>). Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), Stryker Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>), RenaissanceRe Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>), Prudential Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>), Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), The Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>), Chesapeake Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHK#NASDAQ">CHK</a>)</li>
</ul>

Wednesday 
<ul>
<li>Before the bell: Bausch + Lomb Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>), CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), DuPont de Nemours, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>), The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>), Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>), GSK plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>), The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>), KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>), Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), Pfizer, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>), Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>)</li>
<li>After the close: Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>), The Allstate Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), Beazer Homes USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>), C.H. Robinson Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>), Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), Etsy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), Freshworks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>), Kulicke and Soffa Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLIC#NASDAQ">KLIC</a>), Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>), MetLife, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>), MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), NETGEAR, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTGR#NASDAQ">NTGR</a>), Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>), Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>), Upwork Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>), Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>)</li>
</ul>
Thursday 
<ul>
<li>Before the bell: ArcelorMittal S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MT#NYSE">MT</a>), ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>), CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>), Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>), Intercontinental Exchange, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), Kimco Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>), Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>), PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>), Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>)</li>
<li>After the close: Amgen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>), BJ&#8217;s Restaurants, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJRI#NASDAQ">BJRI</a>), Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Consolidated Edison, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>), DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>), Regency Centers Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>), Reinsurance Group of America, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RGA#NYSE">RGA</a>), Pioneer Natural Resources Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXD#NYSE">PXD</a>), Opendoor Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NASDAQ">OPEN</a>), Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>)</li>
</ul>
Friday 
<ul>
<li>Before the bell: American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>), Cboe Global Markets, Inc. (CBOE: CBOE), Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>), The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>), Owens &amp; Minor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>), XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>)</li>
</ul>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the performance of the broader S&amp;P 500 Index, ended Friday&#8217;s session up 0.95% at $508.26, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data. </a>The ETF has pulled back from its all-time high (intraday) of $524.61 hit on March 28. The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), an ETF levered more to high-profile, non-financial tech stocks, rose 1.54% to $431.
Read Next: <a href="https://www.benzinga.com/news/earnings/earnings-misses/24/04/38464570/us-energy-stocks-fall-following-oil-giants-subdued-earnings-reports">US Energy Stocks Fall Following Oil Giants&#8217; Subdued Earnings Reports</a>

B of A Securities analyst Tal Liani reiterates CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) with a Buy and maintains $315 price target.

Reiteration

B of A Securities Reiterates Buy on CyberArk Software, Maintains $315 Price Target

These new services bolster CyberArk's ability to support the data sovereignty needs of key industries in the region, underscoring CyberArk's ongoing commitment to empower UAE organizations to better protect against growing attacks on human and machine identities.

General

CyberArk Launches UAE-Hosted Identity Security Platform

Cantor Fitzgerald analyst Yi Fu Lee reiterates CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) with a Overweight and maintains $300 price target.

Cantor Fitzgerald Reiterates Overweight on CyberArk Software, Maintains $300 Price Target

As the tech sector braces for its upcoming earnings season, Wedbush Securities analyst Daniel Ives provides <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38248780/apple-bull-dan-ives-says-robust-tech-earnings-season-ahead-not-the-time-to-run-time">a bullish outlook</a>.
<h2 class="wp-block-heading">Tech Sell-Off &#8211; A Compelling Buying Opportunity</h2>
He foresees a potential 15% surge in key stocks including Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
Also Read: <a href="https://www.benzinga.com/government/24/04/38245193/openai-launches-first-asian-office-in-tokyo-amid-microsofts-massive-ai-and-cloud-push-in-japan">OpenAI Launches First Asian Office in Tokyo Amid Microsoft&#8217;s Massive AI and Cloud Push in Japan</a>
Ives views the recent risk-off environment and tech sell-off as a compelling buying opportunity, attributing the market downturn to concerns such as a hot Consumer Price Index (CPI), weak bank earnings, and geopolitical tensions. 
Over the past month, the SPDR Technology Select Sector ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) is down 2.63%. The broad market S&amp;P 500 tracking SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) is down 1.16% over the same period.
However, he believes the spotlight will soon shift to the eagerly anticipated tech earnings season, which he expects to be robust across the board.
<h2 class="wp-block-heading">Q1 Earnings To Set The Stage For Upward Momentum In Tech Stocks</h2>
According to Ives, the anticipated strength in tech stocks isn&#8217;t solely based on multiples but stems from accelerating growth and earnings, surpassing Street expectations. He emphasizes the pivotal role of the upcoming Q1 earnings season in setting the stage for further upward momentum in the tech sector throughout the year.
Here&#8217;s a glimpse of when these promising tech companies are scheduled to report earnings:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>Stock Ticker</td>
<td>Quarter</td>
<td>Earnings Date</td>
</tr>
<tr>
<td>Microsoft</td>
<td>MSFT</td>
<td>Q3</td>
<td>April 25</td>
</tr>
<tr>
<td>Alphabet</td>
<td>GOOG, GOOGL</td>
<td>Q1</td>
<td>April 26</td>
</tr>
<tr>
<td>Amazon</td>
<td>AMZN</td>
<td>Q1</td>
<td>April 29</td>
</tr>
<tr>
<td>Palantir</td>
<td>PLTR</td>
<td>Q1</td>
<td>May 6</td>
</tr>
<tr>
<td>Meta Platforms</td>
<td>META</td>
<td>Q1</td>
<td>April 24</td>
</tr>
</tbody>
</table>
</figure>
Source: <a href="https://www.benzinga.com/calendars/earnings">Benzinga Earnings Calendar</a>
Expectations are high for standout performances from tech giants such as Microsoft, Alphabet, Amazon, Palantir, and Meta. Sectors like software, cybersecurity, digital advertising, and semiconductors, should get particular attention, per Ives.
<h2 class="wp-block-heading">Other Potential Standouts</h2>
Ives also highlights cybersecurity firms like Zscaler Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>), CrowdStrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), Palo Alto Networks Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), CyberArk Software Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>), Check Point Software Technologies Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>), and Tenable Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TENB#NASDAQ">TENB</a>) as potential standouts in the upcoming earnings reports.
Confidence in the potential of the AI Revolution to drive growth is bolstered by field checks conducted globally over the past month, indicating that monetization in this realm has entered a new phase of accelerated growth.
As investors await the earnings reports, the tech sector remains poised for further appreciation, with Ives projecting a 15% increase in tech stocks for the year.
With software, cybersecurity, digital advertising, and semiconductors taking center stage, the upcoming earnings season could mark a significant milestone in reaffirming the tech sector&#8217;s growth trajectory for the remainder of 2024.
Read Next: <a href="https://www.benzinga.com/news/24/04/38241504/metas-move-to-block-news-erodes-signals-of-reliability-as-right-wing-memes-thrive-on-canadian-facebo">Meta&#8217;s Move To Block News Erodes &#8216;Signals Of Reliability&#8217; As Right-Wing Memes Thrive On Canadian Facebook: Report</a>
Image generated using artificial intelligence via Midjourney.

CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) has outperformed the market over the past 5 years by 2.97% on an annualized basis producing an average annual return of 15.12%. Currently, CyberArk Software has a market capitalization of $10.49 billion. 
Buying $100 In CYBR: If an investor had bought $100 of CYBR stock 5 years ago, it would be worth $209.42 today based on a price of $247.99 for CYBR at the time of writing.
<h3>CyberArk Software's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713189639_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning CyberArk Software Stock In The Last 5 Years

Market strategist Matt Orton has identified two under-the-radar U.S. small-cap companies that he believes have significant potential for growth.
What Happened: Orton, who serves as the chief market strategist at Raymond James Investment Management, expressed his optimism about small-cap stocks in 2024. He believes that these stocks are on the verge of a significant breakthrough, <a href="https://www.cnbc.com/2024/04/02/strategist-names-under-the-radar-us-small-cap-names-to-play.html">reported</a> CNBC from an interview on &#8220;Squawk Box Asia."
"I have been optimistic around small-caps this year, and it looks like we could be on the verge of an even bigger breakout," Orton said.
Despite a challenging start to the year, the Russell 2000, the small-cap stock benchmark, has seen a 5.2% increase year-to-date. Orton pointed out that the index is still over 13% off its all-time high from 2021.
Orton highlighted two U.S. small-cap companies, Vertiv Holdings Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) and Cyberark Software Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>), as particularly appealing investment opportunities.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/38016366/bitcoin-ethereum-dogecoin-spike-marking-an-end-to-bullish-q1-2024-analyst-says-king-crypto?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Spike Marking An End To Bullish Q1 2024 — Analyst Says King Crypto Could Ascend To $75K Mark If It Breaches Neckline Resistance</a>
Vertiv Holdings, a provider of cooling equipment and power management products for data centers, is expected to experience an increase in demand as more high-heat generating chips enter the market. Despite a 471% increase in its stock over the past 12 months, Orton remains confident in the company&#8217;s potential for growth.
Meanwhile, CyberArk, an information security company, is seen as a strong player in the cybersecurity sector. Orton believes that as AI continues to develop, there will be a rise in cyber threats and attacks, creating opportunities for companies like CyberArk. The company&#8217;s stock has seen an 80% increase over the past year.
Why It Matters: Orton&#8217;s picks come at a time when the stock market is experiencing a mix of optimism and caution. The first quarter of 2024 saw a robust performance, with experts predicting a potentially &#8220;f<a href="https://www.benzinga.com/news/24/03/37927079/stock-markets-frightful-yet-fulfilling-q1-performance-what-does-it-mean-for-the-rest-of-2024">rightful yet fulfilling</a>&#8221; year-end. This has led to various predictions and warnings, such as that of JPMorgan&#8217;s chief global equity strategist, Dubravko Lakos-Bujas, who warned of a potential &#8220;<a href="https://www.benzinga.com/markets/equities/24/03/37975315/jpmorgans-chief-global-equity-strategist-warns-of-out-of-the-blue-stock-market-shock-it-just-mig">out-of-the-blue</a>&#8221; stock market shock.
On the other hand, Goldman Sachs has predicted <a href="https://www.benzinga.com/markets/equities/24/03/37927561/goldman-sachs-predicts-15-upside-for-s-p-500-ai-boom-could-drive-market-to-6-000">a 15% upside for the S&amp;P 500</a>, driven by the exceptional performance of mega-cap tech stocks. Against this backdrop, Orton&#8217;s focus on under-the-radar small-cap companies suggests a nuanced approach to navigating the current market conditions.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/38014531/dogecoin-set-to-surge-over-200-says-crypto-analyst-its-going-to-do-something-insane-this-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Set to Surge Over 200%, Says Crypto Analyst: &#8216;It&#8217;s Going To Do Something Insane This Cycle&#8217;</a>
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WIIM

CyberArk Software shares are trading higher after BTIG initiated coverage on the stock with a Buy rating and a price target of $317.

BTIG analyst Gray Powell initiates coverage on CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) with a Buy rating and announces Price Target of $317.

Initiation

BTIG Initiates Coverage On CyberArk Software with Buy Rating, Announces Price Target of $317

CyberArk Secure Browser Makes It Easy to Tailor Security, Privacy and Productivity Controls on Managed and Unmanaged Workforce Devices

CyberArk Launches Identity-Centric Secure Browser

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcyberark.com%2F&amp;esheet=53911638&amp;newsitemid=20240319067744&amp;lan=en-US&amp;anchor=CyberArk&amp;index=1&amp;md5=c7c03ecdd99cea698921fc2cac0ef7ad">CyberArk</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>), the&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cyberark.com%2Fidentity-security%2F&amp;esheet=53911638&amp;newsitemid=20240319067744&amp;lan=en-US&amp;anchor=identity+security&amp;index=3&amp;md5=cf9f5faa30d7d04904103290e64f5066">identity security</a>&nbsp;company, today announced that two of its leading software-as-a-service (SaaS) offerings,&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cyberark.com%2Fproducts%2Fendpoint-privilege-manager%2F&amp;esheet=53911638&amp;newsitemid=20240319067744&amp;lan=en-US&amp;anchor=CyberArk+Endpoint+Privilege+Manager&amp;index=4&amp;md5=dce6ca0aa08f0efcaa46bb676bba0c61">CyberArk Endpoint Privilege Manager</a>&nbsp;and&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cyberark.com%2Fproducts%2Fworkforce-identity%2F&amp;esheet=53911638&amp;newsitemid=20240319067744&amp;lan=en-US&amp;anchor=CyberArk+Workforce+Identity&amp;index=5&amp;md5=a24dc1faa3b6c672bec1fbbe85a788d8">CyberArk Workforce Identity</a>, have achieved Federal Risk and Authorization Management Program (FedRAMP) High authorization to operate (ATO) status. This authorization reinforces CyberArk&#39;s ability to help federal agencies and other public sector organizations efficiently and effectively secure access to all corporate applications, protect distributed workforces and accelerate cloud innovation in alignment with Zero Trust principles outlined in&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.whitehouse.gov%2Fbriefing-room%2Fpresidential-actions%2F2021%2F05%2F12%2Fexecutive-order-on-improving-the-nations-cybersecurity%2F&amp;esheet=53911638&amp;newsitemid=20240319067744&amp;lan=en-US&amp;anchor=EO+14028&amp;index=6&amp;md5=0c96bbe293ef7160c80118f159f94ac1">EO 14028</a>.
&quot;Agencies must now come to terms with several cloud-based risks that lurk beneath the surface in this new technology landscape. Beyond the schemes of cybercriminals, non-malicious human error on its own has the potential to hinder mission-critical functions in the form of misconfigured networks and mismanaged controls. It&#39;s now more important than ever to adopt the Zero Trust &lsquo;never trust, always verify&#39; mentality,&quot; said Theresa Payton, former White House CIO and member of the Cyber Defenders Council. &quot;As new tools, technologies and threats arise, continued attention will need to be paid by government and government-adjacent regulatory programs. By adopting Zero Trust-focused compliance requirements, FedRAMP can place a greater onus on private sector organizations to launch the Federal Government efficiently and expediently into a more secure and more efficient future.&quot;
&quot;The market and the White House agree: Human and machine identities of are proliferating, and meaningful cybersecurity challenges result when these identities are not properly secured. Our investment in FedRAMP emphasizes our commitment to partnering with public sector organizations and agencies as they roll out Cloud Smart strategies based on Zero Trust principles,&quot; said Matt Cohen, CEO, CyberArk. &quot;Now, the Federal Government can access and implement CyberArk&#39;s leading SaaS-based identity security tools that safeguard workforce access and endpoints, helping to ensure that sensitive data is only being accessed by the right accounts, at the right time and from the right place.&quot;
FedRAMP&reg;&nbsp;is a government-wide program that promotes the adoption of secure SaaS solutions across the U.S. Federal Government by providing a standardized approach to security assessment, authorization and continuous monitoring for cloud products and services. It ensures agency adoption of cloud-based, Cloud Smart solutions.&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.coalfire.com%2Fthe-coalfire-blog%2Ffedramp-high-baseline-requirements-published&amp;esheet=53911638&amp;newsitemid=20240319067744&amp;lan=en-US&amp;anchor=FedRAMP+High&amp;index=7&amp;md5=e802027d26df33df3ee798b528510c6f">FedRAMP High</a>&nbsp;was introduced to account for some of the government&#39;s most sensitive, unclassified data in cloud computing environments&mdash;and is the highest level of authorization. You can find CyberArk on the&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fmarketplace.fedramp.gov%2Fproducts&amp;esheet=53911638&amp;newsitemid=20240319067744&amp;lan=en-US&amp;anchor=FedRAMP+marketplace&amp;index=8&amp;md5=d7e901b00cb640a4feeb8aa390ba487f">FedRAMP marketplace</a>.
The&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cyberark.com%2Fproducts%2F&amp;esheet=53911638&amp;newsitemid=20240319067744&amp;lan=en-US&amp;anchor=CyberArk+Identity+Security+Platform&amp;index=9&amp;md5=a4b4650fd415dba299b67767d0c18861">CyberArk Identity Security Platform</a>, which includes Endpoint Privilege Manager and Workforce Identity, applies intelligent privilege controls to all identities &ndash; human and machine &ndash; with continuous threat detection and prevention across the entire identity lifecycle. To learn more about how CyberArk successfully serves customers in this sector, visit the&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cyberark.com%2Fsolutions%2Ffederal%2F&amp;esheet=53911638&amp;newsitemid=20240319067744&amp;lan=en-US&amp;anchor=Federal+Solutions+page&amp;index=10&amp;md5=247b4048e0b6a5f3fa8027f570113451">Federal Solutions page</a>.

Federal Reserve

CyberArk Achieves FedRAMP High Authorization

B of A Securities analyst Tal Liani maintains CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) with a Buy and raises the price target from $300 to $315.

B of A Securities Maintains Buy on CyberArk Software, Raises Price Target to $315

CyberArk Addresses Threat Exposure to Hundreds of Employees Across More Than Seventy Retail Outlets in Taiwan
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.cyberark.com&amp;esheet=53909236&amp;newsitemid=20240313938642&amp;lan=en-US&amp;anchor=CyberArk&amp;index=1&amp;md5=d610bf0a0dd77478c24961e823344ed6">CyberArk</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>), the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cyberark.com%2Fidentity-security%2F&amp;esheet=53909236&amp;newsitemid=20240313938642&amp;lan=en-US&amp;anchor=identity+security&amp;index=3&amp;md5=89e5ee847a8349af809688574a0d22bf">identity security</a> company, today announced that <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.hengstyle.com%2F&amp;esheet=53909236&amp;newsitemid=20240313938642&amp;lan=en-US&amp;anchor=Heng+Leong+Hang&amp;index=4&amp;md5=93c11018c70aab85278ce07f626483d7">Heng Leong Hang</a>, a well-established and renowned retail brand in Taiwan with more than 70 stores, has chosen the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cyberark.com%2Fproducts%2F&amp;esheet=53909236&amp;newsitemid=20240313938642&amp;lan=en-US&amp;anchor=CyberArk+Identity+Security+Platform&amp;index=5&amp;md5=08b047e34993529fffd9df744a7cbfce">CyberArk Identity Security Platform</a> as the foundation of its evolving cybersecurity strategy. Applying the right levels of privilege controls, the CyberArk Identity Security Platform secures human and machine identities and flexibly automates the identity lifecycle – all with continuous threat detection and prevention to enable Zero Trust and enforce least privilege. This implementation will help better safeguard the company's core systems and customer data.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240313938642/en/">https://www.businesswire.com/news/home/20240313938642/en/</a>
In the digital age, especially with the pervasiveness of AI, the retail industry faces increasingly severe cybersecurity challenges. Heng Leong Hang is acutely aware of the substantial cybersecurity exposure faced by hundreds of employees in its stores across Taiwan. Threats include theft of sensitive employee and customer data as well as risks to point of sale systems.

Taiwan's Heng Leong Hang Implements CyberArk To Enhance Identity Security And Cybersecurity Capabilities Amidst Digital Transformation

Rize UCITS ICAV - Rize Cybersecurity Data Privacy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) has outperformed the market over the past 5 years by 5.88% on an annualized basis producing an average annual return of 18.51%. Currently, Rize UCITS ICAV - Rize Cybersecurity Data Privacy ETF has a market capitalization of $10.87 billion. 
Buying $100 In CYBR: If an investor had bought $100 of CYBR stock 5 years ago, it would be worth $229.58 today based on a price of $260.38 for CYBR at the time of writing.
<h3>Rize UCITS ICAV - Rize Cybersecurity Data Privacy ETF's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710171011_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Rize UCITS ICAV - Rize Cybersecurity Data Privacy ETF 5 Years Ago Would Be Worth Today

CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) has outperformed the market over the past 5 years by 6.65% on an annualized basis producing an average annual return of 19.29%. Currently, CyberArk Software has a market capitalization of $10.82 billion. 
Buying $1000 In CYBR: If an investor had bought $1000 of CYBR stock 5 years ago, it would be worth $2,444.59 today based on a price of $258.96 for CYBR at the time of writing.
<h3>CyberArk Software's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709145013_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,400 Today

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Shares of several companies in the broader tech sector are trading higher amid overall market strength following strong Q4 financial results from NVIDIA.

AI Tiers And Taking Profits In Tech With Joe Albano, Tech Cache

The Israel-Hamas War has only adversely affected the stock returns of 6 of the 15 small cap Israeli- domiciled companies listed on U.S. exchanges but, In total, their returns have exceeded those of both the Nasdaq and the S&P 500 as of yesterday. 

Update: Israeli Stocks On U.S. Exchanges Have Outpaced Nasdaq And S&P 500 Since October 7/23

All 54 AI stocks in the 7 AI category portfolios dropped this week, down 8.4%, on average, making it clear that the surge in the AI sector that began back on October 31st is over.

All 7 AI Category Portfolios Continued To Decline This Week

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
With the innovation sector broadly suffering a corrective spell, it&rsquo;s tempting to jump on <a href="https://investorplace.com/industries/technology/">tech stocks</a> to buy now. However, the million-dollar question has always been, which ones?



Yes, some enterprises have suffered big valuation cuts. However, we have to determine if that&rsquo;s a discount or a value trap. For example, I&rsquo;m hesitant about pure-play electric vehicle manufacturers. Yes, the red ink has been flying. Yet there could be more pain down the line if economic undertones don&rsquo;t cooperate. Still, there are also ideas that (arguably) make sense. Below are relevant tech stocks to buy now.



<h2>CyberArk Software (CYBR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/cybr1600-300x169.jpg" alt="CyberArk stock"><div>Source: Shutterstock</div></div>Operating under the infrastructure software category, CyberArk Software (NASDAQ:<a href="https://investorplace.com/stock-quotes/cybr-stock-quote/">CYBR</a>) develops, markets and sells software-based identity security solutions and services in the U.S. and other parts of the globe. Its solutions include <a href="https://www.cyberark.com/products/privileged-access-manager/">Privileged Access Manager</a>, which offers risk-based credential security and session access. Given the risks and costs associated with security breaches, CyberArk enjoys a large and burgeoning addressable market.



To be fair, the current premium of CYBR stock is high, which has dissuaded some investors. On a trailing-year basis, shares trade for 13X revenue. However, in the past five sessions, CYBR lost 5% of equity value, presenting a better proposition. It&rsquo;s also possible that there could be near-term corrective action, which could drive the price down more.



Here&rsquo;s the enticing part, though. For the current fiscal year, covering experts anticipate sales to hit $927.3 million. That&rsquo;s up 23.3% from last year&rsquo;s result of $751.89 million. At projected fiscal 2024 sales, CYBR would trade at a 10.8X revenue multiple.



Lastly, analysts rate shares a <a href="https://www.tipranks.com/stocks/cybr/forecast">consensus strong buy</a> with a $299.83 price target. It&rsquo;s one of the tech stocks to buy now.



<h2>Wix (WIX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/wix-stock-300x169.jpg" alt="WIX sign on the office building in Tel-Aviv high tech zone. WIX Logo."><div>Source: MagioreStock / Shutterstock.com</div></div>Technically considered an enterprise in the infrastructural software space, Wix (NASDAQ:<a href="https://investorplace.com/stock-quotes/wix-stock-quote/">WIX</a>) is colloquially known as a web development platform. It helps individuals and businesses get up to speed quickly with their internet presence. Perhaps the best function is its graphical user interface. You click and drag the elements that you want on your site &ndash; it&rsquo;s super easy.



Another reason to consider WIX as one of the top tech stocks to buy now is the burgeoning <a href="https://hbr.org/2018/03/thriving-in-the-gig-economy">gig economy</a>. With so many people getting a taste of independent living, they may choose to venture out on their own rather than return to the office like so many companies have threatened to do. That could be a huge plus for Wix because the platform doesn&rsquo;t force you to learn anything.



With that in mind, it&rsquo;s easier to trust covering experts&rsquo; projections about WIX. For fiscal 2024, they&rsquo;re looking at earnings per share of $4.84. That&rsquo;s a solid step up from last year&rsquo;s EPS of $4.39. Also, revenue could land at $1.75 billion, up 12.1% from 2023&rsquo;s print of $1.56 billion.



<h2>Marvell (MRVL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/marvell_technologies_mrvl1600-300x169.jpg" alt="image of the marvell (MRVL) technologies office campus"><div>Source: Michael Vi / Shutterstock.com</div></div>Working in the semiconductor industry, Marvell (NASDAQ:<a href="https://investorplace.com/stock-quotes/mrvl-stock-quote/">MRVL</a>) provides data infrastructure semiconductor solutions, spanning the data center core to the network edge. <a href="https://finance.yahoo.com/quote/MRVL/profile">Per its public profile</a>, Marvell develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal and digital signal processing functionality. It also offers a wealth of connectivity solutions.



Because it&rsquo;s one of the most relevant ideas among tech stocks to buy now, you&rsquo;re not going to get MRVL on a discount. For example, shares trade at a forward earnings multiple of 43.5X and trailing-year revenue multiple of 10.2X. Both stats are elevated compared to the semiconductor industry&rsquo;s average readings. Still, in the past five sessions, MRVL slipped almost 7%. That&rsquo;s a pretty decent discount.



Now, one of the aspects that makes Marvell risky is that experts aren&rsquo;t sure if fiscal 2025 (the current fiscal year) will see top-line growth. Instead, investors may have to wait until fiscal 2026, where sales may shoot to $6.97 billion.



Still, analysts rate MRVL a <a href="https://www.tipranks.com/stocks/mrvl/forecast">consensus strong buy</a> with an $89.42 price target, projecting 37% upside.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-tech-stocks-to-buy-now-q2-edition/">3 Tech Stocks to Buy Now: Q2 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Tech Stocks to Buy Now: Q2 Edition

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