12 High Growth International Stocks to Invest in Now

3. CyberArk Software Ltd. (NASDAQ:CYBR)

10-Year Revenue Growth Rate: 26.49%

Number of Hedge Fund Holders: 51

CyberArk Software Ltd. (NASDAQ:CYBR) is an Israel-based company that focuses on IT security solutions. Its software helps organizations defend against both external and internal cyber threats. It enables the detection and neutralization of attacks aimed at these privileged accounts through a range of products including Enterprise Password Vault, Privileged Session Manager, and Privileged Threat Analytics.

On January 21, analysts at Scotiabank raised their price target on the stock from $340 to $400, while maintaining their Outperform rating on the stock. The company reported strong financial results for the fiscal third quarter of 2024, driven by its effective identity security solutions that cater to both human and machine identities. Its Annual Recurring Revenue reached $735 million indicating a 46% increase year-over-year. Management of CyberArk Software Ltd. (NASDAQ:CYBR) has been focused on integrating machine learning and artificial intelligence technologies to improve their software detection and response time. To achieve this integration, the company also acquired Venafi in October 2024. The acquisition has enhanced CyberArk’s capabilities in machine identity management and expanded its addressable market significantly. It is one of the high-growth international stocks to invest in now.

Next Century Growth Small Cap Strategy stated the following regarding CyberArk Software Ltd. (NASDAQ:CYBR) in its first quarter 2024 investor letter:

“CyberArk Software Ltd. (NASDAQ:CYBR) is a leading identity security platform which helps companies protect against cybersecurity attacks. CYBR specializes in privileged access management (PAM) and has a full suite of products for identity security. As cyber attack sophistication increases, companies of all sizes need to upgrade from legacy solutions such as SSO (single sign on) and MFA (multi-factor authentication), which is leading to a strong demand environment for CYBR’s solutions. Given this end market backdrop, the company is growing revenue >20% and is delivering solid margin expansion.”