Achieving SOC 2 Type 2 and SOC 3 certifications is a significant milestone that demonstrates CyberArk's commitment to maintaining high standards of data security and privacy. This achievement could positively influence customer trust and potentially lead to increased demand for CyberArk's Identity Security Platform. The certifications serve as a competitive advantage in the cybersecurity market, likely leading to a positive short-term impact on CyberArk's stock price.