Why CyberArk (CYBR) Stock is a Standout After Q3 Earnings This Week

From Nasdaq: 2024-11-15 21:30:00

CyberArk Software (CYBR) surpasses Q3 expectations with record quarterly sales of $240.1 million, a 25% increase from last year. The company’s strong performance includes a 31% increase in Total ARR to $926 million and a quarterly record for adjusted EPS at $0.94. CYBR expects revenue growth of 33%-36% in Q4.

Additionally, CyberArk’s annual EPS is projected to grow by 105% in FY24 and another 45% in FY25. With a Zacks Rank #1 (Strong Buy), the company’s stock has rallied nearly +40% year to date. CyberArk’s strong financials and growth prospects make it a top tech stock to watch.

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