Cyberark Software Ltd Receivables Turnover Ratio (CYBR), from the fourth quarter 2024 to the fourth quarter 2023 current and historic results, rankings and more - CSIMarket
Cyberark Software Ltd Accounts Receivables Turnover Ratio from the fourth quarter 2024 to the fourth quarter 2023
Quarterly Results, Trends, Rankings, Statistics
Cyberark Software Ltd 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2024 to a ratio of 3.51, above the company average. This is a clear sign of healthy business climate in the Software & Programming industry and improving liquidity at their respective customers, during the fourth quarter 2024. Average receivable collection period, for the Cyberark Software Ltd in Dec 31 2024 quarter, has decreased to 104 days, compared to 121 days, in the 0 quarter.
If we take a look into Technology sector 571 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2024 from 0 to 2773.
CyberArk: Defying Industry Challenges Amidst Market Turbulence In the ever-evolving landscape of enterprise security, CyberArk Software Ltd (NASDAQ: CYBR) has reaffirmed its industry leadership by being named a Leader and Outperformer in the GigaOm Radar Report for Enterprise Password Management. The report underscores CyberArk s superior range of application integrations, exceptional security reporting, and robust cross-platform support, showcasing its pivotal role in safeguarding organizations against password-related threats a category of cybersecurity vulnerabilities that remains one of the most significant risks for enterprises today.As we dissect CyberArk s recent performance, the metrics reveal not only achievements but also challenges, set against a backdrop of complex market dynamics. In the fourth quarter of the fiscal year, CyberArk s corporate clients saw a 10.62% reduction in costs of revenue compared to the previous year, despite a sequential increase of 7.38%. Simultaneously, CyberArk itself witnessed a commendable 33.1% year-over-year revenue increase, a stark contrast to its clients, whose revenues fell by 5.38% in the same period, only rebounding by a modest 10.28% sequentially.
As the digital landscape faces more sophisticated threats, identity security has emerged as a top priority for businesses across all sectors. In this context, CyberArk (NASDAQ: CYBR), the global leader in identity security, is taking a pivotal step forward with its latest offerings aimed at Managed Service Providers (MSPs). Announced recently in Newton, Massachusetts, and Petach Tikva, Israel, these innovations are poised to redefine how MSPs approach identity security services.CyberArk s newly enhanced SaaS-based management console, known as the CyberArk MSP Hub, provides a comprehensive entry point for MSPs to leverage the CyberArk Identity Security Platform effectively. This one-stop-shop simplifies the delivery of identity security solutions, enabling MSPs to distinguish themselves in an increasingly competitive marketplace. By integrating CyberArk s robust suite of tools, these providers can offer their clients a unified security posture that not only protects assets but also enhances overall operational efficiency.
In the rapidly evolving landscape of artificial intelligence, organizations are increasingly concerned about the integrity and security of their AI models. CyberArk Software Ltd, a prominent player in the cybersecurity sector, has announced the launch of a groundbreaking open-source tool designed to help organizations protect against potential AI model jailbreaks. This development highlights the dual challenge of leveraging AI while safeguarding its models from misuse and exploitation.CyberArk, which has 41.565 million shares outstanding and a current stock price of $311.27, is known for its commitment to cybersecurity solutions that enhance operational effectiveness and protect sensitive information. With the rise of generative AI and other advanced algorithms, the need for robust security measures is more critical than ever. The introduction of this open-source tool underscores CyberArk s proactive approach to align with industry trends while addressing emerging threats.
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