Core Viewpoint - CyberArk Software has demonstrated strong performance in the tech sector, exceeding third quarter expectations and achieving significant stock price growth [1][3]. Financial Performance - CyberArk reported record quarterly sales of $240.1 million, surpassing Zacks estimates of $233.9 million and increasing by 25% from $191.24 million year-over-year [3]. - The company's total annual recurring revenue (ARR) grew by 31% year-over-year to $926 million, marking six consecutive quarters of exceeding top line estimates with an average sales surprise of 3.84% [4]. - Adjusted earnings per share (EPS) reached a record of $0.94, a 124% increase compared to $0.42 in the same quarter last year, significantly exceeding the Zacks EPS Consensus of $0.45 by 109% [6]. - Free cash flow increased to $51.56 million from $13.62 million in Q3 2023, with cash and equivalents rising to $1.23 billion from $355.93 million at the beginning of the year [7]. Future Guidance - For Q4, CyberArk anticipates revenue between $297 million and $303 million, indicating growth of 33% to 36%. The full-year fiscal 2024 revenue is expected to rise by 31% to 32%, reaching between $983 million and $989 million [8]. - Annual EPS is projected to grow by 105% in FY24 to $2.30, up from $1.12 in 2023, with FY25 EPS expected to increase by another 45% to $3.35 per share [9]. Market Position - CyberArk holds a Zacks Rank 1 (Strong Buy) and has shown a remarkable stock price increase of nearly 40% year-to-date, reaching all-time highs of $318 per share [1][3]. - The company has consistently exceeded earnings expectations for 13 consecutive quarters, with an impressive average EPS surprise of 97.68% in the last four quarters [7]. Conclusion - CyberArk is positioned as a compelling tech stock, with expectations for continued upward momentum as earnings estimate revisions are likely to rise in the near future [11].

Core Insights - CyberArk Software Ltd. reported strong Q3 '24 earnings results on November 13, 2024, exceeding guidance [1] - The company announced a transition in its CFO position at the end of the year, with Erica Smith being promoted from within [1] Financial Performance - CyberArk's Q3 '24 earnings results were above guidance, indicating strong financial performance [1] Management Changes - The company is undergoing a leadership transition with the appointment of Erica Smith as the new CFO, effective at the end of the year [1]

CyberArk Software (CYBR) reported third-quarter 2024 non-GAAP earnings of 94 cents per share, which surpassed the Zacks Consensus Estimate of 45 cents. The bottom-line figure also showed a robust year-over-year improvement of 123.8%.The solid year-over-year bottom-line performance was primarily driven by higher revenues, better cost management and increased financial income, partially offset by a higher number of outstanding shares.CyberArk’s earnings beat the Zacks Consensus Estimate in each of the trailin ...

CyberArk Software Ltd CYBR reported better-than-expected earnings for its third quarter on Wednesday.The company posted fiscal third-quarter 2024 revenue growth of 26% year-on-year to $240.1 million, beating the analyst consensus estimate of $234.0 million. The information security company posted an adjusted EPS of 94 cents, which beat the analyst consensus estimate of 46 cents.CyberArk expects a fiscal fourth-quarter revenue of $297.0 million-$303.0 million, versus the consensus of $234.04 million. It proj ...

Exhibit 99.1 CyberArk Announces Strong Third Quarter 2024 Results Results Exceeded all Guided Metrics Subscription Portion of Annual Recurring Revenue (ARR) Grew 46% Year-Over-Year to $735 million Total ARR Grew 31% Year-Over-Year to $926 million Subscription Revenue Grew 43% Year-Over-Year to $175.6 million Total Revenue Grew 26% Year-Over-Year Reaching a Record of $240.1 million Net Cash Provided by Operating Activities for the Nine Months Ended September 30, 2024 of $167.2 million Company Raises Full Yea ...

CyberArk Software Ltd. (NASDAQ:CYBR) Q3 2024 Earnings Call Transcript November 13, 2024 8:30 AM ET Company Participants Sri Anantha - VP, IR Matt Cohen - CEO Josh Siegel - CFO Erica Smith - Deputy CFO Conference Call Participants Saket Kalia - Barclays Hamza Fodderwala - Morgan Stanley Matt Hedberg - RBC Capital Markets Brian Essex - JPMorgan Jonathan Ho - William Blair Roger Boyd - UBS Securities Adam Borg - Stifel John DiFucci - Guggenheim Securities Operator Thank you for standing by. My name is Jale and ...

CyberArk (CYBR) reported $240.1 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 25.6%. EPS of $0.94 for the same period compares to $0.42 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $233.9 million, representing a surprise of +2.65%. The company delivered an EPS surprise of +108.89%, with the consensus EPS estimate being $0.45.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

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CyberArk (CYBR) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 108.89%. A quarter ago, it was expected that this maker of software that detects attacks on privileged accounts would post earnings of $0.41 per share when it actually produced earnings of $0.54, delivering a surprise of ...

Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you're interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.For those interested in viewing the Thematic lists, please click here >>> Thematic Screens – Zacks Investment Research.Let’s take a closer look at the ‘Cybersecurity’ theme and analyze a stock that the screen returned, namely CyberArk Software (CYBR) . The company is ...