13 Best Cybersecurity Stocks to Buy According to Billionaires

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10. CyberArk Software Ltd. (NASDAQ:CYBR)

Number of billionaire investors: 8

Dollar value of holdings: $530,939,852

CyberArk Software Ltd. (NASDAQ:CYBR) is a leader in Identity Security, specializing in privileged access management to protect organizations from cyber threats. The company provides a comprehensive security approach through solutions like Enterprise Password Vault, Privileged Session Manager, and Endpoint Privilege Manager.

CyberArk Software Ltd. (NASDAQ:CYBR) has expanded its Identity Security Platform with the acquisition of Zilla Security for $165 million in cash, plus a $10 million earn-out based on performance milestones. Zilla brings AI-powered Identity Governance and Administration (IGA) capabilities. This allows CyberArk to offer automated identity compliance, provisioning, and governance for modern cloud environments.

CyberArk Software Ltd. (NASDAQ:CYBR) delivered a record-breaking full-year 2024 performance, with total revenue reaching $1.001 billion, a 33% increase from $751.9 million in 2023. Subscription revenue surged 55% to $733.3 million compared to $472 million in 2023. Despite reporting a GAAP net loss of $93.5 million, CyberArk’s non-GAAP net income more than doubled to $147.5 million from $52.0 million in 2023.

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