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 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 Down 3.0 %

Shares of NASDAQ:CYBR opened at $291.61 on Thursday. CyberArk Software has a twelve month low of $183.28 and a twelve month high of $318.16. The firm has a market capitalization of $12.71 billion, a PE ratio of -911.28 and a beta of 1.13. The company has a 50-day moving average price of $283.33 and a two-hundred day moving average price of $266.24.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays upped their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. 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 research note on Tuesday, October 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Tuesday, August 6th. Susquehanna boosted their price objective on shares of CyberArk Software from $310.00 to $320.00 and gave the company a “positive” rating in a report on Friday, August 9th. Finally, Jefferies Financial Group upped their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $311.44.

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.