piranka Investment Thesis CyberArk Software (NASDAQ:CYBR) stock surged ~8% in early trading earlier this month after the company beat expectations in the 2Q24 earnings report and raised full-year guidance across the board. I last wrote on CyberArk in late July pre-earnings. I'm here to reiterate my buy rating for mid to long-term investors before the positives of the Venafi acquisition begin to show up on earnings; the acquisition is expected to close in two quarters and isn't likely to show up in Q3 and Q4 ...

CyberArk Software, Ltd. (CYBR) has shown impressive resilience and growth in 2024, with its stock price climbing 28.5% year to date (YTD). This stellar performance underscores investors' confidence in the company's strong fundamentals despite the broader economic uncertainties.CyberArk's surge has outpaced not only the Zacks Computer – IT Services sector, which has risen 1.6% over the same period, but also the broader Zacks Computer and Technology sector and the S&P 500, which have advanced 20.7% and 16.5%, ...

CyberArk Software Ltd. (CYBR) shares gained more than 8% on Thursday after the company reported better-than-expected second-quarter 2024 results. The leading identity security solution provider’s quarterly results also exceeded management’s expectations across all guided metrics and marked significant year-over-year improvement as well.CyberArk reported non-GAAP earnings of 54 cents per share and outpaced the Zacks Consensus Estimate of 41 cents. CyberArk’s second-quarter non-GAAP earnings also came well ah ...

Lower interest rates make it easier for firms to carry out acquisitions. That’s because the lower rates enable them to borrow the funds they need to make big deals much more cheaply. After the number of net new jobs added by the economy in July came in well below economists’ average estimate, 100% of economists surveyed expect the Federal Reserve to slash its benchmark rate by one-half of a percentage point in September. Roughly 60% expect the central bank to reduce the rate by another half of a percentage ...

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 ...

CyberArk Software Ltd. (CYBR) is scheduled to report second-quarter 2024 results on Aug 8, before market open.The cybersecurity firm projects revenues between $215 million and $221 million. The Zacks Consensus Estimate is pegged at $219.3 million, suggesting year-over-year growth of 24.7%.The company forecasts second-quarter non-GAAP earnings per share in the range of 34-44 cents. The consensus mark is pegged at 41 cents per share, implying a robust improvement from the year-ago quarter’s EPS of 3 cents.Cyb ...