Key Takeaways CyberArk faces near-term headwinds as phased spending delays growth despite strong identity security demand.Qualys reports 10,000+ customers, 104% net dollar expansion rate, and new AI-driven security launches.CyberArk is trading at a higher valuation than Qualys.CyberArk (CYBR) and Qualys (QLYS) are two cybersecurity giants playing critical roles in securing enterprise environments, but in very different ways. While CyberArk primarily specializes in privileged access management and identity s ...