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.

Analyst Upgrades and Downgrades

CYBR has been the subject of several research reports. Jefferies Financial Group raised their target price on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Scotiabank assumed coverage on CyberArk Software in a report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price objective for the company. DA Davidson lifted their price target on shares of CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Citigroup upped their price objective on shares of CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Oppenheimer lifted their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $311.44.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $300.76 on Wednesday. CyberArk Software has a 52 week low of $181.11 and a 52 week high of $308.63. The business has a 50-day simple moving average of $282.91 and a two-hundred day simple moving average of $265.83.

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.