CyberArk Beats Out Peers for Homeland Security Award

By Chris Lange Updated Jan 13, 4:02PM EST · Published Dec 16, 10:20AM EST

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CyberArk Beats Out Peers for Homeland Security Award — © Thinkstock

CyberArk Software Ltd. (NASDAQ: CYBR) is one of the top-performing cybersecurity firms in 2015, having beat out the likes of FireEye Inc. (NASDAQ: FEYE) and Fortinet Inc. (NASDAQ: FTNT). To add fuel to the fire, the company announced that it was named a winner in the 2015 GSN Homeland Security Awards in two categories: Best Privileged Access Management Solution and Best Continuous Monitoring and Mitigation System.

The CyberArk Privileged Account Security Solution identifies existing privileged credentials across networks, makes sure those credentials are locked down and secure, and uses continuous monitoring of privileged account credentials to detect anomalous behavior and stop an attack early in the cycle.

The CyberArk Privileged Account Security Solution also helps government organizations prevent the theft, abuse and misuse of privileged credentials in advanced cyber attacks, while better containing threats and limiting damage. CyberArk is the only vendor that has achieved common criteria certification for a comprehensive privileged account security solution.

John Worrall, chief marketing officer of CyberArk, said:

The Federal government and its agencies have long been the target of cyber attacks. The U.S. Office of Personnel Management (OPM) breach was a clear signal for a new security approach that presumes attackers have already breached the perimeter, and reinforces the need for a layer of security that protects the network from the inside out. These awards highlight CyberArk’s commitment to helping Federal and state agencies identify privileged credential vulnerabilities and mitigate the risk of a potential OPM-style network compromise.

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As 2015 is coming to a close, CyberArk has outperformed the broad markets, with the stock up over 4%. However, over the past 52 weeks the stock is up over 10%.

Shares of CyberArk were up more than 3% at $42.90 Wednesday morning, with a consensus analyst price target of $57.62 and a 52-week trading range of $33.00 to $76.35.

About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.