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NEWTON, Mass. - CyberArk (NASDAQ:CYBR) released new tools to help organizations prepare for upcoming reductions in Transport Layer Security (TLS) certificate lifespans, according to a press release statement. The cybersecurity firm, currently valued at $24.17 billion, has seen its stock surge over 51% in the past year as it continues to expand its identity security offerings. InvestingPro data shows the company achieved impressive 43.26% revenue growth over the last twelve months.
The certificate validity periods will decrease from the current 398 days to 200 days by March 2026, and further down to 47 days by 2029, following mandates from the CA/Browser Forum. This change will significantly increase renewal frequency, potentially requiring organizations to renew certificates monthly by 2029.
To help companies assess and manage this transition, CyberArk has launched a TLS Certificate Renewal Impact Calculator and a TLS Certificate Discovery Scan. These tools enable organizations to quantify their certificate exposure and calculate the operational impact of more frequent renewals.
The company's research indicates that 72% of security leaders experienced at least one certificate-related outage in the past year, with 67% facing monthly outages and 45% experiencing weekly disruptions.
For organizations using manual certificate management processes, the impact could be substantial. A company managing 500 certificates currently spends approximately 2,000 labor hours annually on renewals. By 2029, this could increase to over 24,000 hours with the shorter certificate lifespans.
"Shorter certificate lifespans are more than a compliance shift – they are a business risk," said Kurt Sand, General Manager of Machine Identity Security at CyberArk. "Organizations will face a surge in renewals that manual processes simply cannot keep up with."
The new tools are part of CyberArk's Identity Security Platform, which provides privilege controls for identities accessing resources in multi-cloud environments.
In other recent news, CyberArk Software Ltd. reported impressive third quarter financial results, with revenue increasing by 43% year-over-year to $342.8 million, surpassing the consensus estimate of $328 million. The company also reported adjusted earnings per share of $1.20, exceeding analyst expectations of $0.93 and reflecting a 28% rise from the previous year. Additionally, CyberArk achieved a record net new Annual Recurring Revenue (ARR) of $68 million for the quarter, marking a 16% increase year-over-year. Total ARR saw a 45% growth to $1.341 billion, indicating strong customer adoption of its identity security solutions.
In another development, CyberArk shareholders have overwhelmingly approved the company's acquisition by Palo Alto Networks, with approximately 99.8% support. The acquisition, initially announced in July 2025, is anticipated to be finalized in the second half of Palo Alto Networks' fiscal year 2026, subject to regulatory approvals and customary closing conditions. These recent developments highlight significant advancements for CyberArk, both in terms of financial performance and strategic growth initiatives.
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