CyberArk Software (NASDAQ:CYBR) Issues Q4 2024 Earnings Guidance

CyberArk Software (NASDAQ:CYBR) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.650-0.750 for the period, compared to the consensus EPS estimate of 0.550. The company issued revenue guidance of $297.0 million-$303.0 million, compared to the consensus revenue estimate of $259.6 million. CyberArk Software also updated its FY 2024 guidance to 2.850-2.960 EPS.

CyberArk Software Trading Up 1.3 %

Shares of CYBR stock opened at $305.27 on Friday. CyberArk Software has a 12-month low of $183.28 and a 12-month high of $318.16. The business’s 50 day moving average is $284.25 and its two-hundred day moving average is $266.66. The company has a market capitalization of $13.30 billion, a P/E ratio of 1,130.67 and a beta of 1.13.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CYBR shares. Stifel Nicolaus lifted their price target on shares of CyberArk Software from $306.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday. Scotiabank began coverage on shares of CyberArk Software in a research report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 target price on the stock. BTIG Research upped their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Truist Financial reiterated a “buy” rating and issued a $350.00 price objective (up from $300.00) on shares of CyberArk Software in a report on Thursday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $335.00 target price on shares of CyberArk Software in a research report on Thursday. One research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $328.37.

About CyberArk Software

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.