The FedRAMP High authorization is a significant achievement that demonstrates CyberArk's compliance with high-level security standards required for handling sensitive, unclassified data in cloud environments. This authorization not only enhances CyberArk's reputation in the cybersecurity domain but also opens up new opportunities for the company to engage with federal agencies and public sector organizations looking to adopt Cloud Smart strategies based on Zero Trust principles. The direct mention of CyberArk and the emphasis on its commitment to public sector cybersecurity suggest a positive impact on the company's stock in the short term, as it may lead to increased demand for its services.