Core Insights - CyberArk (CYBR) is expected to report quarterly earnings of $0.45 per share, reflecting a year-over-year increase of 7.1% [1] - Projected revenues for the quarter are $233.9 million, which represents a 22.3% increase from the same quarter last year [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, indicating stability in analysts' forecasts [1] Revenue Estimates - Analysts estimate 'Revenues- Maintenance and professional services' at $61.04 million, a decrease of 5.6% from the previous year [4] - The 'Revenues- Perpetual license' is projected to be $3.07 million, indicating a significant decline of 77.7% year-over-year [4] - 'Revenues- Subscription' is expected to reach $169.57 million, marking an increase of 128.4% compared to the prior year [5] Annual Recurring Revenue (ARR) Projections - Total Annual Recurring Revenue (ARR) is anticipated to be $922.55 million, up from $705 million a year ago [5] - Maintenance Annual Recurring Revenue (ARR) is projected at $187.52 million, down from $200 million reported in the same quarter last year [5] - Subscription Annual Recurring Revenue (ARR) is expected to be $737.66 million, compared to $504 million in the previous year [6] Stock Performance - CyberArk shares have seen a change of +0.6% over the past month, while the Zacks S&P 500 composite has moved +4.9% [6] - With a Zacks Rank 1 (Strong Buy), CyberArk is expected to outperform the overall market in the near future [6]

CyberArk Software Ltd. (CYBR) is scheduled to report third-quarter 2024 results on Nov. 13, before market open.The cybersecurity firm projects revenues between $230 million and $236 million. The Zacks Consensus Estimate is pegged at $233.90 million, suggesting year-over-year growth of 22.31%.The company forecasts third-quarter non-GAAP earnings per share in the range of 38-49 cents. The consensus mark is pegged at 45 cents per share, implying a robust year-over-year improvement of 7.14%.Stay up-to-date with ...

CyberArk (CYBR) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings pic ...

CyberArk (CYBR) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this maker of software that detects attacks on privileged accounts have returned +2.1% over the past month versus the Zacks S&P 500 composite's +1.4% change. The Zacks Computers - IT Services industry, to which CyberArk belongs, has gained 2.5% over this period. Now the key question is: Where could the sto ...

The latest trading session saw CyberArk (CYBR) ending at $293.46, denoting a +1.56% adjustment from its last day's close. The stock outpaced the S&P 500's daily gain of 0.22%. Elsewhere, the Dow lost 0.33%, while the tech-heavy Nasdaq added 0.76%.Heading into today, shares of the maker of software that detects attacks on privileged accounts had gained 1.84% over the past month, lagging the Computer and Technology sector's gain of 2.29% and outpacing the S&P 500's gain of 1.47% in that time.The upcoming earn ...

Cybersecurity Industry Overview - Cybersecurity involves comprehensive security measures to protect systems, networks, and programs from digital attacks, which can compromise sensitive information, extort money, or disrupt business operations [2] - The increasing adoption of AI, IoT devices, and digitization has heightened vulnerabilities, necessitating advanced security solutions [2] Palo Alto Networks (PANW) - Palo Alto Networks is experiencing robust demand, with sales growth showing double-digit percentage year-over-year growth for ten consecutive periods [3] - The company's remaining performance obligation (RPO) grew 20% year-over-year to $12.7 billion, with a forward 12-month earnings multiple of 58.6X reflecting high growth expectations [5] - Consensus expectations suggest a 10% EPS growth and a 14% sales increase for the current fiscal year [5] CyberArk Software (CYBR) - CyberArk is a leader in identity security, with a bullish outlook for the current fiscal year, expecting a 105% year-over-year growth in EPS [6] - The company reported record revenue and a nearly 50% increase in subscription revenue to $158.4 million compared to the previous year [7] - Following strong quarterly results, CyberArk raised its full-year guidance, contributing to a positive share reaction [7] Fortinet (FTNT) - Fortinet is recognized for driving the convergence of networking and security, with a 17% increase in expected EPS for the current fiscal year [9] - The company reported record operating margins and raised its 2024 sales outlook, with cash flow from operations totaling $342 million [9]

Exhibit 99.1 CyberArk Announces Strong First Quarter 2024 Results Results Exceeded all Guided Metrics Subscription Portion of Annual Recurring Revenue (ARR) Grew 54% Year-Over-Year to $621 million Total ARR Grew 34% Year-Over-Year to $811 million Subscription Revenue Grew 69% Year-Over-Year to $156.2 million Total Revenue Grew 37% Year-Over-Year to $221.6 million Net Cash Provided by Operating Activities for the Quarter was $68.6 million Company Raises Full Year Guidance Across all Metrics Newton, Mass. and ...

CyberArk (CYBR) closed the most recent trading day at $299.98, moving +1.46% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.4%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.63%.Heading into today, shares of the maker of software that detects attacks on privileged accounts had gained 9% over the past month, outpacing the Computer and Technology sector's gain of 4.88% and the S&P 500's gain of 3.76% in that time.Investors will be eagerly wat ...

CyberArk (CYBR) closed at $295.65 in the latest trading session, marking a +0.51% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.02%. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq appreciated by 0.04%.Shares of the maker of software that detects attacks on privileged accounts have appreciated by 9.74% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.44% and the S&P 500's gain of 3.77%.Th ...

Cybersecurity encompasses comprehensive security measures designed to protect systems, networks, and programs from digital attacks. These attacks often aim to access, alter, or destroy sensitive information, extort money from users through ransomware, or disrupt the integrity of normal business operations. The widespread adoption of artificial intelligence (AI), Internet-of-Things (IoT) devices, and increased digitization across both public and private sectors has heightened vulnerabilities and expanded att ...