12 Best Middle East and Africa Stocks To Buy Right Now

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2. CyberArk Software Ltd. (NASDAQ:CYBR)

Number of Hedge Fund Investors: 51

CyberArk Software Ltd. (NASDAQ:CYBR) is an Israeli cybersecurity company specializing in identity security solutions. The company helps organizations protect sensitive data and prevent cyber threats. CyberArk Software Ltd. (NASDAQ:CYBR) earns revenue through software licenses, subscriptions, and professional services. The company’s clients include Fortune 500 companies and government agencies.

CyberArk Software Ltd. (NASDAQ:CYBR) is committed to continuing its growth trajectory by expanding its platform capabilities and market reach. The company is investing heavily in research and development to stay ahead of emerging threats and to enhance its existing solutions. One key area of focus is the integration of machine learning and artificial intelligence to improve threat detection and response times. By leveraging these advanced technologies, CyberArk Software Ltd. (NASDAQ:CYBR) aims to provide customers with even more robust security measures that can adapt to evolving attack vectors.

CyberArk Software Ltd.’s (NASDAQ:CYBR) recent acquisition of Venafi, a leader in machine identity management, underscores its commitment to expanding its portfolio and addressing the growing need for machine identity security. This acquisition not only broadens the company’s offerings but also positions the company as a one-stop shop for both human and machine identity security.

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