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CyberArk market cap up $1.6b in two days

Israeli cybersecurity company CyberArk Software saw its market cap increase by $1.6 billion in two days last week to an all-time high of $11.8 billion. Since its IPO almost a decade ago, the stock has yielded a return of 1,658%. CyberArk is now the fifth most valuable Israeli company on Wall Street, behind Check Point Software Technologies. The company reported strong fourth quarter results, with revenue of $223 million, up 31.9% from the previous year. CyberArk expects continued growth in 2024, with revenue projected to reach $920-930 million.

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