Why Is No One Talking About CyberArk Stock?
Cybercrime, state-backed attacks, and corporate espionage have all become increasingly sophisticated in recent years. 37 billion records were exposed in data breaches last year, representing a whopping 141% increase from 2019, and that figure could keep climbing for the foreseeable future.
That's why Grand View Research expects the global cybersecurity market to grow at a compound annual growth rate (CAGR) of 10% between 2020 and 2027. Those bullish expectations have caused many leading cybersecurity stocks -- such as CrowdStrike (NASDAQ: CRWD), Palo Alto Networks (NYSE: PANW), and Cloudflare (NYSE: NET) -- to rally over the past year.
Yet CyberArk (NASDAQ: CYBR), a leader in the PAM (privileged access management) market, is often overlooked and overshadowed by those three cybersecurity giants. It's significantly smaller and it's growing at a slower rate, but it still deserves a closer look for three simple reasons.
Source Fool.com
