Overview

• CEO Nikesh Arora outlined a 2029–2030 timeline to reach $15 billion in annual recurring revenue.
• The company is embedding artificial intelligence across existing offerings and is building an AI discovery product to govern enterprise AI models.
• The CyberArk deal broadens identity and privileged-access capabilities and brings a reported base of about 8 million endpoints.
• Arora says CyberArk’s assets are key to hitting the ARR target and to pursuing a $100 billion valuation.
• Shares dropped about 15% after the July acquisition announcement then jumped roughly 9% on strong mid-August results, as Jim Cramer publicly backed the strategy and leadership.