CyberArk Software (NASDAQ:CYBR - Get Free Report) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.65-$0.75 for the period, compared to the consensus earnings per share 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.
CyberArk Software Price Performance
Shares of NASDAQ CYBR traded down $9.15 during mid-day trading on Wednesday, hitting $291.61. The company had a trading volume of 1,523,457 shares, compared to its average volume of 522,373. CyberArk Software has a 1 year low of $183.28 and a 1 year high of $317.11. The stock's 50-day moving average price is $282.91 and its 200-day moving average price is $265.83.
Wall Street Analysts Forecast Growth
CYBR has been the subject of several recent analyst reports. Jefferies Financial Group boosted their target price on CyberArk Software from $315.00 to $330.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. DA Davidson upped their price objective on CyberArk Software from $285.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Mizuho upped their price objective on CyberArk Software from $310.00 to $325.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. Needham & Company LLC reiterated a "buy" rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Friday, August 9th. Finally, KeyCorp upped their price objective on CyberArk Software from $310.00 to $340.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. One research analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, CyberArk Software currently has a consensus rating of "Moderate Buy" and an average target price of $311.44.
Read Our Latest Stock Report on CyberArk Software
About CyberArk Software
(
Get Free Report)
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.
See Also
Before you consider CyberArk Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CyberArk Software wasn't on the list.
While CyberArk Software currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
