I've written rather positively about the quality of CyberArk (CYBR)
and its growth opportunity before, and that's not going to change here -
I continue to believe that CyberArk is an early leader in an exciting
growth sector within security (privileged access management) and that it
has a large and growing addressable market in front of it. The hang-up I
have today is that valuations in software overall, and security, in
particular, are pretty high relative to long-term norms. I'd love to own
CyberArk at the right price, and I admit that even I'm tempted to throw
caution to the wind and just own it, but chasing elevated valuations
carries more risk than I need in my portfolio.
Read more here:
Apart From Valuation, It's Hard To Find Fault With CyberArk
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