It’s a big day for Wall Street as the much-awaited Jobless Claims numbers are out, which could be a major factor in market moves for the rest of the week. Right now, stock futures are climbing up as the weekly jobless claims numbers have come in better than expected.The S&P 500 is up +44 points, the Dow is +165 points, while the Nasdaq is +206 points right now.Initial Jobless Claims dropped to 233K, quite lower than expectations and down 17K from last week’s revised figures of 250K. Last week’s revised numb ...

For the quarter ended June 2024, CyberArk (CYBR) reported revenue of $224.71 million, up 27.8% over the same period last year. EPS came in at $0.54, compared to $0.03 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $219.26 million, representing a surprise of +2.48%. The company delivered an EPS surprise of +31.71%, with the consensus EPS estimate being $0.41.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

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 ...

CyberArk (CYBR) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 31.71%. A quarter ago, it was expected that this maker of software that detects attacks on privileged accounts would post earnings of $0.27 per share when it actually produced earnings of $0.75, delivering a surprise of 1 ...

Investor Relations Presentation August 2024 © 2024 CyberArk Software Ltd. All rights reserved Cautionary Language Concerning Forward-Looking Statements This presentation contains forward-looking statements, which express the current beliefs and expectations of CyberArk's (the "Company") management. In some cases, forward-looking statements may be identified by terminology such as "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "expect," "predict," "potential" or the negat ...

Core Viewpoint - CyberArk Software Ltd. is expected to report strong second-quarter 2024 results, with projected revenues indicating significant year-over-year growth driven by increased demand for cybersecurity solutions [1][2]. Group 1: Financial Projections - CyberArk projects revenues between $215 million and $221 million, with a Zacks Consensus Estimate of $219.3 million, reflecting a year-over-year growth of 24.7% [1]. - The company forecasts non-GAAP earnings per share in the range of 34-44 cents, with the consensus at 41 cents, a substantial increase from the previous year's EPS of 3 cents [1]. - The average earnings surprise over the last four quarters has been 112%, indicating a strong track record of exceeding expectations [1]. Group 2: Market Demand and Strategic Shifts - The anticipated performance is attributed to the growing demand for privileged access security and cybersecurity solutions, driven by an increase in data breaches and digital transformation initiatives [2]. - The shift towards software-as-a-service and subscription-based models is expected to enhance top-line growth, with subscription revenues estimated at $151.5 million, a year-over-year increase of 42.7% [3]. - The contribution of subscription revenues to total revenues is projected to rise to 69.1%, up from 60.4% in the previous year [3]. Group 3: Annual Recurring Revenue (ARR) and Challenges - CyberArk's ARR is estimated at $906.5 million, with subscription contributing $710.7 million and maintenance and professional services contributing $195.9 million [4]. - Despite strong demand, the company faces challenges from budget cuts and deal postponements due to an uncertain macroeconomic environment, which may impact top-line growth [4]. Group 4: Earnings Prediction Model - The current model does not predict an earnings beat for CyberArk, as it has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [5].

CyberArk (CYBR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this maker of software that detects attacks on privileged accounts have returned -5.9% over the past month versus the Zacks S&P 500 composite's -0.4% change. The Zacks Computers - IT Services industry, to which CyberArk belongs, has gained 4.6% over this period. Now the key question is: Where could the stock be h ...

The latest trading session saw CyberArk (CYBR) ending at $259.63, denoting a -0.83% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.71%. Elsewhere, the Dow lost 0.93%, while the tech-heavy Nasdaq lost 0.81%.Shares of the maker of software that detects attacks on privileged accounts witnessed a gain of 2.05% over the previous month, beating the performance of the Computer and Technology sector with its loss of 3.88% and the S&P 500's gain of 1.08%.Analys ...

Market Overview - 2024 is projected to be a record-breaking year for Wall Street stocks, driven by AI demand and strong macroeconomic conditions [1] - The S&P 500 index has risen 17% this year, reaching an all-time high after a positive jobs report [1] - Experts anticipate the economy will maintain a "Goldilocks state" with stable consumer spending and inflation [1] Walmart (WMT) - Walmart reported a 6% increase in revenue to $161.5 billion, largely due to a 21% rise in global e-commerce sales [2] - The company expects net sales growth of 3% to 4% for FY25 [2] - JP Morgan upgraded Walmart's stock rating from Neutral to Overweight, raising the price target from $66 to $81, citing strong growth potential [3] CyberArk Software (CYBR) - CyberArk Software's revenue increased by 37% year-over-year to $221.6 million, with subscription revenue growing by 69% to $156.2 million [5] - The company acquired Venafi for $1.54 billion, expected to add $150 million in annual recurring revenue [5] - Analysts maintain an Overweight rating on CYBR, confident in its growth trajectory and the benefits of the Venafi acquisition [6] Darden Restaurants (DRI) - Darden Restaurants reported an 8.6% increase in sales for fiscal year 2024, driven by the addition of new restaurants [7] - The company expects total sales to reach between $11.8 billion and $11.9 billion in the upcoming year [7] - JP Morgan and Argus Research both maintain optimistic ratings on DRI, with price targets of $175 and $186 respectively, highlighting strategic investments and brand portfolio strength [8]

In the latest market close, CyberArk (CYBR) reached $269.79, with a -1.32% movement compared to the previous day. This change lagged the S&P 500's daily gain of 0.07%. Elsewhere, the Dow saw a downswing of 0.13%, while the tech-heavy Nasdaq appreciated by 0.14%.The the stock of maker of software that detects attacks on privileged accounts has risen by 8.29% in the past month, lagging the Computer and Technology sector's gain of 8.61% and overreaching the S&P 500's gain of 4.34%.Analysts and investors alike ...