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

CyberArk Software (NASDAQ:CYBR) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.650-0.750 for the period, compared to the consensus 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 Stock Performance

Shares of CyberArk Software stock opened at $301.28 on Friday. The company has a fifty day moving average of $283.62 and a 200 day moving average of $266.42. The company has a market capitalization of $13.13 billion, a P/E ratio of 1,115.89 and a beta of 1.13. CyberArk Software has a fifty-two week low of $183.28 and a fifty-two week high of $318.16.

Analyst Ratings Changes

CYBR has been the topic of a number of research analyst reports. JMP Securities boosted their price target on CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a report on Thursday. Truist Financial reissued a “buy” rating and issued a $350.00 target price (up previously from $300.00) on shares of CyberArk Software in a report on Thursday. Susquehanna upped their target price on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research report on Thursday. Scotiabank started coverage on shares of CyberArk Software in a report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 price target on the stock. Finally, Mizuho raised their price objective on CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Company Profile

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.