Company Overview - CyberArk Software Ltd (NASDAQ: CYBR) is viewed positively due to its leadership in the field and significant growth potential [1] - The company is expected to grow at a rate of 30% for the foreseeable future, driven by a large Total Addressable Market (TAM) and cross-selling opportunities [1] Investment Thesis - The investment approach focuses on identifying undervalued companies with long-term growth potential, combining value investing principles with a focus on long-term growth [1] - The strategy involves buying quality companies at a discount to their intrinsic value and holding them for the long term to allow for compounding earnings and shareholder returns [1]

The latest trading session saw CyberArk (CYBR) ending at $339.47, denoting a +1.14% adjustment from its last day's close. This change lagged the S&P 500's 1.26% gain on the day. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 1.77%.The the stock of maker of software that detects attacks on privileged accounts has risen by 2.47% in the past month, leading the Computer and Technology sector's gain of 0.84% and the S&P 500's loss of 2.82%.The investment community will be paying close attentio ...

The latest trading session saw CyberArk (CYBR) ending at $322.46, denoting a +0.58% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 0.04%. Elsewhere, the Dow saw an upswing of 0.07%, while the tech-heavy Nasdaq depreciated by 0.05%.Prior to today's trading, shares of the maker of software that detects attacks on privileged accounts had gained 0.57% over the past month. This has lagged the Computer and Technology sector's gain of 5.93% and the S&P 500's gain of 1.05% in t ...

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CyberArk Software Ltd. (CYBR) has been on a stellar run in 2024, gaining 45% year to date (YTD). This robust performance has significantly outpaced the broader Zacks Computer and Technology sector’s 35.5% increase and the S&P 500’s 28.2% rise, reinforcing its position as a standout performer in the cybersecurity space.CYBR stock has also outperformed the Zacks Computers - IT Services industry and its top peers in the cybersecurity space, including Palo Alto Networks, Inc. (PANW) , Juniper Networks, Inc. (JN ...

A month has gone by since the last earnings report for CyberArk (CYBR) . Shares have added about 6.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is CyberArk due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. CyberArk Crushes Q3 Earnings & Revenue EstimatesCyberArk ...

CyberArk Software Ltd. (CYBR) , a leader in identity security solutions, has delivered an impressive 34.1% gain over the past six months. This remarkable performance has outpaced the broader Zacks Computer and Technology sector’s 8.4% increase and the S&P 500’s 12.1% growth during the same period.CYBR stock has also outperformed its top peers in the cybersecurity space, including Palo Alto Networks, Inc. (PANW) , Juniper Networks, Inc. (JNPR) and CrowdStrike Holdings, Inc. (CRWD) . In the past six months, s ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about CyberArk (CYBR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.CyberArk currently has an average brokerage recommendation (ABR ...

Company Performance and Growth - CyberArk reported Q3 2024 revenue of $240.1 million, up 26% and $6 million higher than forecast [6] - Q3 2024 earnings per share were $0.94, a 124% increase, exceeding analyst consensus by 44 cents [6] - Q4 2024 revenue forecast is $300 million, $41 million ahead of consensus, with earnings per share forecast at $0.70, 15 cents above consensus [6] - Full-year 2024 revenue forecast is $986 million, marking an expected growth of 31% to 32% over 2023 [6] - The company's stock has risen at an average annual rate of 56.2% under the new CEO Matt Cohen since April 2023 [3] Market Demand and Industry Leadership - CyberArk sees sustained market demand for securing multiple identities with privileged access to enterprise computing systems [9] - The company has broadened its primary end user base to include IT administrators, workers, developers, and machines, addressing "privilege sprawl" [11] - CyberArk's platform enables chief information security officers to protect all four classes of privileged users, including AI agents [11] - The company's 25 years of experience and ability to consolidate security vendors into one platform are key competitive advantages [11] Strategic Investments and Innovation - CyberArk is investing in new growth engines to avoid dependency on a maturing core market [10] - The company acquired machine identity security provider Venafi for $1.5 billion in October 2024 to address emerging threats [14] - CyberArk is developing new solutions to defend against AI bots and post-session hijacking after two-factor authentication [14] - The company is preparing for future threats, such as quantum computing potentially hacking RSA cryptography algorithms [15] CEO Succession and Leadership - CyberArk's CEO succession process is highlighted as excellent, with Udi Mokady developing Matt Cohen as his successor while the company was performing well [17][18] - Cohen transitioned from chief revenue officer to chief operating officer before becoming CEO, gaining experience in operating and financial planning [20][21] - Mokady and Cohen collaborate to maintain a culture of cognitive hunger, avoiding cognitive lock-in and fostering continuous learning [23][24][25] Analyst Optimism and Stock Potential - Based on 27 Wall Street analysts, CyberArk's stock could rise 13.43% to reach an average price target of $346.28 per share [25] - Analysts highlight CyberArk's high growth potential, ability to manage all identity types, and strong recurring revenue as key drivers for durable growth [26] - The company's strong Q3 2024 performance during a soft earnings season in the cybersecurity industry further supports analyst optimism [26]

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].