CyberArk Analysts Boost Their Forecasts After Upbeat Earnings

Core Insights - CyberArk Software Ltd reported fiscal fourth-quarter results that exceeded expectations, with a revenue growth of 41% year-on-year to $314.40 million, surpassing the analyst consensus estimate of $301.31 million [1] - The adjusted EPS was 80 cents, beating the analyst consensus estimate of 72 cents [1] Financial Performance - Total ARR reached $1.169 billion, driven by organic ARR crossing $1 billion and strong performance from Venafi [2] - CyberArk returned to Rule of 40 on a full-year basis, exceeding long-term guidance by a year [2] - The company expects fiscal first-quarter revenue of $301.0 million to $307.0 million, with an adjusted EPS of $0.74 to $0.81 [2] Future Projections - For fiscal 2025, CyberArk projects revenue of $1.308 billion to $1.318 billion, with an adjusted EPS outlook of $3.55 to $3.70 [3] - ARR is expected to reach $1.410 billion to $1.420 billion by December 31, 2025, representing a 21% increase [3] Market Reaction - CyberArk shares increased by 8.8% to close at $414.31 following the earnings announcement [3] - Analysts have adjusted their price targets for CyberArk, with Barclays raising it from $375 to $450, Rosenblatt from $415 to $445, and Morgan Stanley from $316 to $390 [4]