CyberArk Software (NASDAQ:CYBR - Get Free Report) 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.
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.
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.
View Our Latest Analysis on CYBR
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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.