FTNT - Fortinet, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
138.22
-0.08 (-0.06%)
At close: 4:00PM EDT

139.00 +0.78 (0.56%)
After hours: 4:42PM EDT

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  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close138.30
Open140.00
Bid137.00 x 800
Ask139.10 x 800
Day's Range136.52 - 141.38
52 Week Range70.20 - 151.95
Volume1,523,746
Avg. Volume1,696,680
Market Cap22.343B
Beta (5Y Monthly)1.00
PE Ratio (TTM)64.92
EPS (TTM)2.13
Earnings DateAug 06, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est133.65
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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33% Est. Return
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    Fortinet Again Named the Fastest Growing SD-WAN Vendor, Continues Innovation to Deliver SD-WAN Anywhere

    New FortiGate 80F is the Latest Expansion of Fortinet’s Industry-leading SD-WAN PortfolioSUNNYVALE, Calif., July 29, 2020 (GLOBE NEWSWIRE) -- John Maddison, EVP of products and CMO at Fortinet “With the increase in work from home and adoption of multi-cloud, a truly effective SD-WAN solution must be able to be implemented anywhere. Fortinet’s dedication to SD-WAN innovation has resulted in the industry’s most extensive and secure SD-WAN solution, able to be deployed across the home, branch, campus and multi-cloud. Fortinet’s continued positive trajectory in the SD-WAN market is a testament to our ability to deliver the best application experience and cost savings for our customers.”News Summary Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced new market share figures and continued SD-WAN innovation with its newest SD-WAN appliance, FortiGate 80F.Fortinet Delivers True Secure SD-WANA true secure SD-WAN solution—such as Fortinet Secure SD-WAN—consolidates advanced routing, integrated next-generation firewall (NGFW), self-healing SD-WAN capabilities, and intuitive orchestration into a single, organically developed solution. It provides infrastructure and operations leaders with robust WAN capabilities that support dynamic path selection of the latest high-performance digital applications while significantly simplifying and automating operations across home, branch, campus and multi-cloud. Fortinet’s ability to deliver SD-WAN anywhere and support diverse use cases has helped the vendor standout and lead in the market.Market Momentum and Support for Key SD-WAN Use CasesFortinet has again been named the fastest growing SD-WAN vendor in the latest Omdia report (“Omdia Market Share : Data Center Network Equipment Q1 2020 ”). The report notes 247% year-over-year growth in Fortinet’s SD-WAN revenue.Additionally, according to Gartner market share data, Fortinet has had the highest revenue growth change in SD-WAN equipment market share worldwide between 1Q19-1Q20. Fortinet currently sits as the second highest vendor based on revenue for SD-WAN hardware worldwide for 1Q20, according to the latest Gartner market share report.1 The same report counts Fortinet amongst the highest three vendors in worldwide market share for SD-WAN equipment by revenue for 1Q20. Fortinet attributes this market momentum to its ability to deliver SD-WAN anywhere – from home to branch to cloud – and support a variety of diverse use cases, including: * Complex Fortune 1000 Deployments: Fortinet Secure SD-WAN enables customers to achieve business agility with flexible and robust SD-WAN, security and optimization in an integrated solution. This allows global wide area networks with distributed branch offices to avoid and overcome network impairments such as congestion, latency and packet loss to self-heal and improve performance. Fortinet Secure SD-WAN offers application-centric implementation and centralized end-to-end orchestration with automation to simplify operations and reduce time and cost to deploy, provision and manage change. More on Fortinet’s ability to support complex Fortune 1000 deployments from customer Kevin Morrison, VP ITC Operations at Rollins:“Fortinet Secure SD-WAN addressed our connectivity, security and management challenges with a comprehensive solution supporting advanced routing, SD-WAN and security in a single appliance. With integrated SD-WAN functionality and security, we are able to simultaneously improve application performance and our overall security posture. The current state of the world has really re-emphasized the positive impact of Fortinet Secure SD-WAN for us. We were quickly able to support remote employees and ensure continued connectivity globally, and we have also still been able to remotely test, implement, and deploy Fortinet solutions in our branch offices.” * Cloud-centric WAN: Fortinet Secure SD-WAN provides accelerated cloud access with capabilities for cloud on-ramp to seamlessly connect overlay tunnels to multi-cloud. With internet primarily used to access cloud workloads, Fortinet’s integrated advanced security provides secure access, automation and visibility into cloud applications. It also enables SD-WAN between clouds and empowers enterprise IT to build a seamless cloud-to-cloud network and security architecture. More on Fortinet’s ability to support Cloud-centric WAN from customer Dirk van Gelderen, Group Information Security Officer at De Heus Animal Nutrition:“The ability to on-ramp our branch offices to the cloud through Fortinet Secure SD-WAN enables us to extend last mile optimization to all users. Fortinet Secure SD-WAN helped us improve user experience and effectively connect to our multi-cloud environment.”  * Large Scale, Compact Footprint: Fortinet Secure SD-WAN offers integrated WAN edge, WiFi, LTE and security functions to securely connect end-users to critical applications over direct internet links. This provides reliable application access with intelligent traffic steering, failover and consistent policy enforcement for compliance. With intuitive orchestration and zero touch provisioning, replication of business policies at-scale across distributed branch offices is simplified to reduce deployment cycles at limited staff hours. More on Fortinet’s ability to support large scale, compact footprint deployments from customer Miguel Raúl González, IT Operations Management Director at Grupo Universal:             "The shift from a communications infrastructure to Fortinet solutions was key for us. We achieved centralized management that provides greater control over each of our branch locations. The integrated Security Fabric has also helped improve external and internal cyberattack detection within our infrastructure. Single-pane-of-glass management has unified our patch management and helps manage FortiGate appliances. In addition, we have optimized bandwidth thanks to Secure SD-WAN, which has saved us $70,000 per year."New FortiGate 80F Fortinet continues to innovate and expand its product portfolio with the announcement of a new Secure SD-WAN appliance – FortiGate 80F – powered by Fortinet’s purpose-built SD-WAN ASIC in a desktop form factor, with built-in bypass interfaces to deliver reliable connectivity during planned or un-planned outages. FortiGate 80F supports complex Fortune 1000 deployments with the industry’s best performance, automated overlay at-scale and advanced networking capabilities to achieve the highest possible quality of experience. FortiGate 80F is also available with built-in WiFi or built-in POE, making it perfect for WAN edge and branch consolidation to support large scale, compact footprint deployments.Security Compute Rating is a benchmark that compares the performance of Fortinet’s purpose-built ASIC-based next-generation firewall appliances to other NGFW and SD-WAN vendors in that same price range that utilize generic CPUs for networking and security capabilities. The FortiGate 80F powered by Fortinet’s SOC4 security processor, highlights the security processor advantage, enabling the following Security Compute Ratings:Specification​FortiGate 80F (SOC4)​Industry ​ Average​Security Compute Rating​Cisco Viptela – ISR 1100-8P​Cisco Meraki MX84​VeloCloud ​ 620​Versa CSG 750​CloudGenix– ION 2000​ Firewall​10Gbps​1.18Gbps​8x​1.75Gbps​0.5Gbps​1Gbps​2.5Gbps​0.15Gbps​ IPsec VPN​6.5Gbps​0.39Gbps​16x​0.33Gbps​0.25Gbps​0.2Gbps​0.8Gbps​N/A​ Threat prevention ​0.90Gbps​0.24Gbps​3x​N/A​0.32Gbps​N/A​.15Gbps​N/A​ ​SSL Inspection 0.7Gbps​-​-​N/A​N/A​N/A​N/A​N/A​ Concurrent Sessions​1,500,000​201,666​7x​N/A​N/A​480,000​100,000​25,000​ Client to GW Tunnels​2500​100​25x​N/A​100​N/A​N/A​N/A​ Connections per second​45,000​3,650​12x​N/A​N/A​4800​2500​N/A​ SSL VPN ​0.95Gbps​-​-​N/A​N/A​N/A​N/A​N/A​ Additional Resources * Find out how the Fortinet Security Fabric platform delivers broad, integrated, and automated protection across an organization’s entire digital infrastructure. * Learn more about FortiGuard Labs threat research and the FortiGuard Security Subscriptions and Services portfolio. * Learn more about Fortinet’s free cybersecurity training initiative or about the Fortinet Network Security Expert program, Network Security Academy program, and FortiVet program. * Engage in our Fortinet user community (Fuse). Share ideas and feedback, learn more about our products and technology, or connect with peers. * Follow Fortinet on Twitter, LinkedIn, Facebook, YouTube, and Instagram. 1 Gartner, Market Share: Enterprise Network Equipment by Market Segment, Worldwide, 1Q20, Christian Canales, Naresh Singh, Joe Skorupa, Nat Smith, 29 June 2020About Fortinet Fortinet (NASDAQ: FTNT) secures the largest enterprise, service provider, and government organizations around the world. Fortinet empowers our customers with complete visibility and control across the expanding attack surface and the power to take on ever-increasing performance requirements today and into the future. Only the Fortinet Security Fabric platform can address the most critical security challenges and protect data across the entire digital infrastructure, whether in networked, application, multi-cloud or edge environments. Fortinet ranks 1 in the most security appliances shipped worldwide and more than 455,000 customers trust Fortinet to protect their businesses. Both a technology company and a learning organization, the Fortinet Network Security Expert (NSE) Institute has one of the largest and broadest cybersecurity training programs in the industry. Learn more at http://www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.    FTNT-OCopyright © 2020 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiCore, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAP, FortiAppEngine, FortiAppMonitor, FortiAuthenticator, FortiBalancer, FortiBIOS, FortiBridge, FortiCache, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCenter, FortiCentral,FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDirector, FortiDNS, FortiEDR, FortiExplorer, FortiExtender, FortiFone, FortiHypervisor, FortiInsight, FortiIsolator, FortiLocator, FortiLog, FortiMeter, FortiMoM, FortiMonitor, FortiNAC, FortiPartner, FortiPortal, FortiPresence , FortiProtect, FortiProxy, FortiRecorder, FortiReporter, FortiScan, FortiSDNConnector, FortiSIEM, FortiSDWAN, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiVoIP, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLCOS and FortiWLM. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments. This news release may contain forward-looking statements that involve uncertainties and assumptions, such as statements regarding technology releases among others. Changes of circumstances, product release delays, or other risks as stated in our filings with the Securities and Exchange Commission, located at www.sec.gov, may cause results to differ materially from those expressed or implied in this press release. If the uncertainties materialize or the assumptions prove incorrect, results may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Fortinet assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to update these forward-looking statements.Media Contact:Investor Contact:Analyst Contact:     Michelle ZimmermannPeter SalkowskiRon Davis Fortinet, Inc.Fortinet, Inc.Fortinet, Inc. 408-235-7700408-331-4595415-806-9892 pr@fortinet.compsalkowski@fortinet.comrdavis@fortinet.com

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    Fortinet Secure SD-WAN for Multi-Cloud Showcases Fortinet’s Ability to Deliver Scalable, Cost Effective SD-WAN Anywhere Fortinet Secure SD-WAN for Multi-Cloud Fortinet Secure SD-WAN for Multi-Cloud Connecting applications and workloads on multiple clouds Fortinet Secure SD-WAN for Cloud use cases Fortinet Secure SD-WAN for Cloud Use cases for connecting users, applications & cloudsSUNNYVALE, Calif., July 14, 2020 (GLOBE NEWSWIRE) -- John Maddison, EVP of products and CMO at Fortinet “For enterprises deploying applications and workloads across multiple clouds, the need to seamlessly manage connectivity and maintain security across the diverse infrastructure is higher than ever. Fortinet Secure SD-WAN solutions provide connectivity and security across diverse cloud infrastructures while optimizing application user experience. Fortinet enables enterprises to realize the true potential of SD-WAN by enabling it to be implemented anywhere. From home, campus to cloud, data center to cloud, and now cloud to cloud, Fortinet delivers the industry’s most scalable, cost effective and secure SD-WAN solution on the market.”News Summary Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced Fortinet Secure SD-WAN for Multi-Cloud, a networking and security solution that solves common application performance, visibility, cost, and control challenges associated with multi-cloud deployments by enabling SD-WAN across multiple clouds and regions.Most enterprises today – 93% by recent estimates – have a multi-cloud strategy in place and work with multiple cloud providers to meet a number of business needs, including disaster recovery, data backup, application resiliency, and global coverage. However, managing and securing an assortment of different private and public cloud workloads and environments remains a challenge, with many organizations choosing to connect their clouds via their on-premises data center WAN edge. The use of this type of traditional WAN infrastructure approach, though secure, inhibits multi-cloud capabilities and results in deployment complexity, inconsistent network performance, and expensive connectivity.Fortinet Secure SD-WAN for Multi-Cloud is a new approach to establishing secure and high-performance connectivity between public cloud workloads running on multiple clouds without increasing cost and complexity. Available in all major cloud providers, Fortinet Secure SD-WAN for Multi-cloud enables a consistent network architecture leveraging SD-WAN capabilities between clouds and empowers application developers and enterprise IT to build a high speed and seamless cloud-to-cloud network and security architecture. Fortinet Secure SD-WAN for Multi-Cloud uniquely offers a secure and effective infrastructure for maximizing the benefits of enterprise multi-cloud deployments by: * Automating the deployment of a consistent overlay network across different cloud networks, reducing complexity and increasing agility to save teams time and resources. * Offers end-to-end visibility, control, and centralized management that unifies functionality across multiple cloud environments through cloud native integrations. * Securely transports application traffic between clouds without needing to backhaul through the data center, enabling better scaling of deployments and reducing latency. * Intelligently selects connections based on application characteristics employing dynamic path selection, improving performance and optimizing cost by selecting the best internet or leased line link. * Provides an application developer-friendly API to enable programmers the ability to consistently represent their network and security requirements.Fortinet Performance Advantage On-Premises and in the Cloud Fortinet delivers Secure SD-WAN as an integrated feature of its industry-leading FortiGate Next-generation Firewall, powered by the industry’s first SD-WAN ASIC to enable better application experience, higher performance, and better cost efficiency – with Security Compute Ratings up to 17 times better than competitor solutions. Fortinet Secure SD-WAN for Multi-Cloud, delivered via FortiGate-VM, a virtual appliance, is powered by Fortinet’s patented vSPU technology and maintains a performance advantage in the cloud, including over 20Gbps of IPsec performance – 10 times the industry average – for fast encrypted connections over internet and leased line links to reduce operational costs. By leveraging the broad FortiGate-VM footprint across all major cloud platforms, as well as market leading FortiGate appliances on-premises, enterprise organizations can benefit from cloud-agnostic consistent multi-cloud networks without compromising on security and performance.Fortinet Secure SD-WAN for Multi-Cloud, which securely connects applications and workloads across multiple clouds, complements Fortinet’s existing Secure SD-WAN Cloud On-Ramp capabilities to securely connect users and offices to applications and cloud workloads.SD-WAN for the Entire End-to-End Enterprise Fortinet delivers a Secure SD-WAN product portfolio designed for the entire end-to-end enterprise with physical appliances for large data centers, branch offices, remote sites, and home offices, as well as virtual appliances for multi-cloud deployments. Fortinet Secure SD-WAN’s ability to scale from home office to branch to cloud all tied to a single operating system via the Fortinet Security Fabric ensures networking and security policies seamlessly work across multiple environments and cloud platforms, enabled by the latest threat intelligence from FortiGuard Labs.Supporting Quotes “Node4 uses Fortinet technology to solve our customers’ biggest challenges and requirements, and also in our own network to improve performance for our cloud and SaaS services. Fortinet’s dynamic approach to cloud security and connectivity ensures our data is protected no matter where it goes. Fortinet Secure SD-WAN for Multi-Cloud will allow us to maximize the full potential of our multi-cloud strategy.”  \- Paul Bryce, CCO at Node4“Our customers are rapidly embracing multi-cloud and need solutions that can secure and connect their complex ecosystems. We always lead with Fortinet Secure SD-WAN solutions as Fortinet provides a consistent feature-rich platform that is both stable and secure. Fortinet has done an excellent job combining the needs of security and the needs of real-time performance into one multi-cloud platform. “ \- E. Burke Anderson, President, CEO at North Atlantic NetworksAdditional Resources * Read the blog to learn more about Fortinet Secure SD-WAN for Multi-Cloud. * Find out how the Fortinet Security Fabric platform delivers broad, integrated, and automated protection across an organization’s entire digital infrastructure. * Learn more about FortiGuard Labs threat research and the FortiGuard Security Subscriptions and Services portfolio. * Learn more about Fortinet’s free cybersecurity training initiative or about the Fortinet Network Security Expert program, Network Security Academy program, and FortiVet program. * Engage in our Fortinet user community (Fuse). Share ideas and feedback, learn more about our products and technology, or connect with peers. * Follow Fortinet on Twitter, LinkedIn, Facebook, YouTube, and Instagram. About Fortinet Fortinet (NASDAQ: FTNT) secures the largest enterprise, service provider, and government organizations around the world. Fortinet empowers our customers with complete visibility and control across the expanding attack surface and the power to take on ever-increasing performance requirements today and into the future. Only the Fortinet Security Fabric platform can address the most critical security challenges and protect data across the entire digital infrastructure, whether in networked, application, multi-cloud or edge environments. Fortinet ranks 1 in the most security appliances shipped worldwide and more than 455,000 customers trust Fortinet to protect their businesses. Both a technology company and a learning organization, the Fortinet Network Security Expert (NSE) Institute has one of the largest and broadest cybersecurity training programs in the industry. Learn more at http://www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.    FTNT-OCopyright © 2020 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiCore, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAP, FortiAppEngine, FortiAppMonitor, FortiAuthenticator, FortiBalancer, FortiBIOS, FortiBridge, FortiCache, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCenter, FortiCentral,FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDirector, FortiDNS, FortiEDR, FortiExplorer, FortiExtender, FortiFone, FortiHypervisor, FortiInsight, FortiIsolator, FortiLocator, FortiLog, FortiMeter, FortiMoM, FortiMonitor, FortiNAC, FortiPartner, FortiPortal, FortiPresence , FortiProtect, FortiProxy, FortiRecorder, FortiReporter, FortiScan, FortiSDNConnector, FortiSIEM, FortiSDWAN, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiVoIP, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLCOS and FortiWLM. 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  • 4 Cybersecurity Investment Opportunities Tied To The Rise In Online Threats
    Benzinga

    4 Cybersecurity Investment Opportunities Tied To The Rise In Online Threats

    The COVID-19 pandemic has triggered an increase in cyber threats and online phishing attacks.Since the lockdown started, Capterra said in a report that one-third of respondents have fallen victim to phishing emails, which hackers use to steal passwords -- 45% of which were related to coronavirus.In the first quarter of 2020, there were an estimated 854,441 confirmed phishing and counterfeit pages and 4 million suspicious pages were detected, according to data released by Bolster, a fraud prevention company.It has never been more important for organizations conducting business online to protect themselves and increase their cybersecurity.Over 25% of companies experienced a foreign government or nation state attack, according to the Radware Global Applications and Network Security report at the end of 2019.In 2018, 19% of organizations believed they were attacked by a nation-state. That figure increased to 27% in 2019.Here are four companies active in the cybersecurity space.Cyberark Software Ltd (NASDAQ: CYBR) provides information technology security solutions to protect data, infrastructure and assets across the enterprise.The company's software solutions focus on protecting privileged accounts, credentials and secrets. Its products and services include Enterprise Password Vault, Privileged Session Manager and Privileged Threat Analytics.CyberArk Software shares were trading up 0.89% at $109.96 at the time of publication Monday. The stock has a 52-week high of $148.74 and a 52-week low of $69.50.Radware Ltd (NASDAQ: RDWR) develops and sells a broad portfolio of network products including physical and virtual application delivery controllers, web application firewalls, intrusion prevention systems and other security products geared toward large enterprise and service provider segments.It offers infrastructure that supports DDoS scrubbing center services, WAF and bot management cloud-based services.In addition, It provides other services through the cloud, such as Cloud Workload Protect and Content Delivery Network. Radware shares were trading 3.99% higher at $25.28 at last check. The stock has a 52-week high of $26.98 and a 52-week low of $16.02.Fortinet Inc (NASDAQ: FTNT) is a cybersecurity vendor that sells products, support and services to small and midsize businesses, enterprises and government entities.Its products include unified threat management appliances, firewalls, network security and its Security Fabric security platform. Its services revenue is primarily from FortiGuard security subscriptions and FortiCare technical support.At the end of 2019, products were 37% of revenue and services were 63% of sales. The California-based company sells products worldwide, with the Americas representing 43% of sales in 2019. Fortinet shares were trading down 4.43% at $139.34 at last check. The stock has a 52-week high of $151.95 and a 52-week low of $70.20.Qualys Inc (NASDAQ: QLYS) is a provider of cloud-based security and compliance solutions to enterprises, government entities and small- and medium-sized businesses.The firm's solutions are delivered through the Qualsys Cloud Platform and provide security intelligence by automating the life cycle of IT asset discovery, security assessment and compliance management.Its solutions enable customers to collect and analyze large amounts of IT security data, discover and prioritize vulnerabilities and recommend actions.The company derives revenue from subscriptions to its cloud-based solutions, typically on an annual basis. A large majority of the firm's revenue is generated in the United States. Qualys shares were trading up 1.6% at $111.77 at last check. The stock has a 52-week high of $119.20 and a 52-week low of $63.37.Related Links:Accenture Will Acquire Australian Cybersecurity Firm BCT SolutionsCrowdStrike Reports Q1 Earnings BeatSee more from Benzinga * Why CyberArk Software's Stock Is Trading Higher Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.