SOPA Images/LightRocket via Getty Images A year ago, I analyzed the completion of CyberArk Software Ltd.’s (NASDAQ:CYBR) subscription transition. This transition was a short-term compromise, as it generated low growth due to the effects of losing upfront revenue, but it gained long-term visibility through subscriptions. In that year-ago article, I contended the company had exited…
wmaster890/iStock via Getty Images We continue to be buy-rated on CyberArk (NASDAQ:CYBR). 3Q23 results and outlook confirm our belief that CYBR is better positioned to outperform as the transition to the SaaS business model completes; this quarter, subscription bookings made up 97% of license bookings in the quarter, higher than 87% in the year-ago quarter….
Thapana Onphalai/iStock via Getty Images CyberArk (NASDAQ:CYBR) is a leader in cybersecurity providing a comprehensive set of identity solutions. They have taken a strong position in the market over the past year, due to strong execution and issues with competition like Okta (OKTA). It is continuing its perpetual license wind down process, which has put…