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CyberArk (CYBR) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
CyberArk SoftwareCyberArk Software(US:CYBR) ZACKSยท2024-11-08 15:16

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]