CyberArk Software (NASDAQ:CYBR) Releases 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 %

CYBR stock opened at $305.27 on Friday. The business’s fifty day moving average price is $284.25 and its 200 day moving average price is $266.66. CyberArk Software has a 12-month low of $183.28 and a 12-month high of $318.16. The company has a market capitalization of $13.30 billion, a PE ratio of 1,130.67 and a beta of 1.13.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Citigroup increased their price target on shares of CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Susquehanna increased their target price on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday. Truist Financial restated a “buy” rating and issued a $350.00 price target (up previously from $300.00) on shares of CyberArk Software in a research note on Thursday. Oppenheimer increased their price objective on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, JMP Securities boosted their target price on CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.