CyberArk Software (NASDAQ:CYBR) Updates Q4 Earnings Guidance

CyberArk Software (NASDAQ:CYBR) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.65-$0.75 for the period, compared to the consensus EPS estimate of $0.55. The company issued revenue guidance of $297-$303 million, compared to the consensus revenue estimate of $259.67 million. CyberArk Software also updated its FY 2024 guidance to 2.850-2.960 EPS.

Analyst Ratings Changes

CYBR has been the subject of a number of recent analyst reports. Oppenheimer boosted their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Wedbush lifted their price objective on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Barclays raised their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Scotiabank began coverage on shares of CyberArk Software in a report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 price objective on the stock. Finally, Mizuho raised their price objective on CyberArk Software from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus target price of $311.44.

CyberArk Software Trading Up 2.1 %

Shares of NASDAQ:CYBR opened at $300.76 on Wednesday. The firm’s 50-day moving average is $282.91 and its two-hundred day moving average is $265.83. CyberArk Software has a 1 year low of $181.11 and a 1 year high of $308.63.

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.