CyberArk Shows Strong Growth Ahead Of Palo Alto Networks Merger

CyberArk Software Ltd. (NASDAQ:CYBR) reported better-than-expected quarterly results and expanding subscription revenue, highlighting accelerated business fundamentals even as acquisition-related costs weighed on free cash flow ahead of its combination with Palo Alto Networks (NASDAQ:PANW).D.A. Davidson analysts, led by Rudy Kessinger, maintained their Buy rating and $518 price forecast, which tied to Palo Alto Networks’ $215 forecast, noting that consensus estimates are now outdated given the pending PANW ...