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

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

NASDAQ CYBR opened at $300.76 on Wednesday. The firm has a 50-day moving average price of $282.91 and a two-hundred day moving average price of $265.83. CyberArk Software has a 12-month low of $181.11 and a 12-month high of $308.63.

Analysts Set New Price Targets

A number of equities analysts have commented on CYBR shares. Wedbush raised their price objective on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Citigroup boosted their price target on CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Jefferies Financial Group raised 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. Barclays lifted 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. Finally, Susquehanna boosted their price target on CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $311.44.

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.