CyberArk Software May Be Down, But It Is Not Out

The cybersecurity industry has received a shot in the arm in the wake of the COVID-19 pandemic as organizations have been forced to adopt a work-from-home model in a bid to contain the spread of the disease.

According to a recent survey carried out by HFS Research, nearly 70% of the organizations surveyed expect to increase their cybersecurity spending thanks to the novel coronavirus. This should have been an ideal situation for CyberArk Software (NASDAQ: CYBR) to corner more business. But management's cautious approach has left investors wondering if the company could take advantage of the tailwinds.

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Source Fool.com