$20b CyberArk becomes Israel’s second most valuable co

Israeli cybersecurity company Cyberark program He continues to gain. At the end of 2023, the stock price exceeded a mark of $ 200 for the first time, and after 10 months, the brand crossed $ 300, and last week, after less than four months, the threshold of $ 400 penetrated, and with another symbolic teacher: the maximum market is more than $ 20 billion . This currently places Cyberark as the second most Israeli company in Wall Street, after Check Point (a cyber security company) and before TEVA. The company's share price has doubled almost three times in the past three years.

Cyberark, led by CEO Matt Cohen and Udi Mokady CEO, is a cyberspace security company specialized in managing the identity of the Foundation. The company was founded in 1999, which was first inserted on the Nasdaq Stock Exchange in 2014, the company previously focused on distinguished accounts in institutions – for example, IT accounts, which include large -scale privileges. In recent years, Cyberark has entered the field of managing the organization's identity, which not only includes distinctive accounts, but all accounts. Last year, the company led to a major acquisition by paying $ 1.54 billion in the United States -based VENAFI, which led to the expansion of its activities to include the identities of the machine in the institution – for example, the symbol, applications and the Internet of Things, which also need to be secured.

The acquisition was completed four months ago, and Cyberark announced last week to obtain the American company Zilla Security for $ 165 million. Cyberark said the acquisition will expand the ID safety platform. Before acquiring Zilla, but after acquiring Venfai, Cyberark had $ 841 million in cash.

Last week, Cyberark published its results for the fourth and full year 2024, overcoming analysts' expectations. Revenue grew by 41 % in the fourth quarter to 314 million dollars, with a clear loss of accounting accounting principles in general, $ 97.1, and a net profit other than the principles of acceptable accounting in general amounted to $ 40.4 million or profit per share 0.80 dollars. In 2024, the company's revenues increased by 33 % to $ 1.001 billion, annual repeated revenues amounted to $ 1.169 billion. The loss of GAAP reached $ 93.5 million, while the GAAP profit reached $ 148 million.

In the first quarter of 2025, Cyberark expects the revenues of 301-307 million dollars and a net profit other than the principles of acceptable accounting in general amounted to $ 39.8 million or profit per share from 0.74-0.81 dollars. For a full year 2025, the company expects revenue growth by 31 % -32 % to 1.308-1.318 billion dollars and net profit other than the principles of acceptable accounting in general of $ 186 million or 3.55-3.70 dollars per share. This guidance is higher than analysts' expectations for revenue and similar profit.

“Opportunities after acquisition”

According to “The Wall Street Journal”, it covers more than 30 Cyberark shareholders, with the vast majority of positive analysts, three neutrals, and do not recommend selling. The average target price per share is $ 448, which represents an 8.4 % premium on the current share price.

Some analysts raised their price goals after reports last week. Ittai Kidron of Oppenheimer, whose target price raised from $ 420 to $ 450, and maintains a “outstanding” recommendation, indicating the superior performance on Venafi, which contributed to Cyberark's profits in the first quarter after the acquisition of the acquisition. Kidron wrote: “We are still positive thanks to the strong performance in the basic Cyberark works, and we see additional opportunities in a mix of VENAFI,” Kidron wrote.

Cantor Fitzgerland also raised its target price from $ 415 to 445 dollars, and analyst Jonathan Rogevir indicated the performance of strong Cyberark and the display of improved products, as well as an increase in repeated annual revenues (ARR).

Who benefits from the increase in the class? The Blackrock Investment Giant has a current value of about $ 1.36 billion at the end of 2024, after it became a party in the field of Cyberark during the year. Thoma Bravo also became a party in 2024, as part of the VENAFY deal, and it was recently sold Cyberark shares for about $ 370 million. According to a report in 2024, senior executives and managers, including Cohen and Mogadi, maintains about $ 172 million.

It was published by Globes, Israel Business News – En.globes.co.il – on February 17, 2025.

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