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

Zacks11-16

IT security solutions provider CyberArk Software CYBR has become a notable standout in the tech sector after exceeding third quarter expectations on Wednesday. Hitting all-time highs of $318 a share ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483056831?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/dMnUV3HOIlJZ3XcyW1BTQw--~B/aD02MDA7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/cec89b49e4b55904e2c2363318dc1932","is_english":true,"pubTime":"2024-11-16 10:30","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2483056831","market":"us","top_or_hot":-1,"title":"Why CyberArk (CYBR) Stock is a Standout After Q3 Earnings This Week","media":"Zacks","content":"<div>\n<p>IT security solutions provider CyberArk Software CYBR has become a notable standout in the tech sector after exceeding third quarter expectations on Wednesday.\nHitting all-time highs of $318 a share ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-cyberark-cybr-stock-standout-023000341.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why CyberArk (CYBR) Stock is a Standout After Q3 Earnings This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy CyberArk (CYBR) Stock is a Standout After Q3 Earnings This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-16 10:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/why-cyberark-cybr-stock-standout-023000341.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>IT security solutions provider CyberArk Software CYBR has become a notable standout in the tech sector after exceeding third quarter expectations on Wednesday.\nHitting all-time highs of $318 a share ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-cyberark-cybr-stock-standout-023000341.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CYBR","symbol_name":"Cyber-Ark Software","start_time":0,"source_url":"https://finance.yahoo.com/news/why-cyberark-cybr-stock-standout-023000341.html","article_id":"2483056831","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/dMnUV3HOIlJZ3XcyW1BTQw--~B/aD02MDA7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/cec89b49e4b55904e2c2363318dc1932"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483056831","pubTimestamp":1731724200,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"IT security solutions provider CyberArk Software CYBRhas become a notable standout in the tech sector after exceeding third quarter expectations on Wednesday.Hitting all-time highs of $318 a share this week, CyberArk’s stock has now rallied nearly +40% year to date and currently covets a Zacks Rank #1 .Reporting strong Q3 results, CyberArk CEO Matt Cohen stated the company’s industry leadership in identity security helped deliver strong net new annual recurring revenue , record revenue, increased profitability, and cash flow.CyberArk posted record quarterly sales of $240.1 million, topping Zacks estimates of $233.9 million and soaring 25% from $191.24 million a year ago.Optimistically, Total ARR spiked 31% year over year to $926 million. CyberArk has surpassed top line estimates for six consecutive quarters posting an average sales surprise of 3.84% in its last four quarterly reports.CyberArk Software Ltd.  : Free Stock Analysis Report. To read this article on Zacks.com click here.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CYBR":"Cyber-Ark Software"},"translate_title":"为什么CyberArk(CYBR)股票在本周第三季度财报后表现出色","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CYBR":1},"content_text":"IT security solutions provider CyberArk Software CYBR has become a notable standout in the tech sector after exceeding third quarter expectations on Wednesday.\nHitting all-time highs of $318 a share this week, CyberArk’s stock has now rallied nearly +40% year to date and currently covets a Zacks Rank #1 (Strong Buy).\nImage Source: Zacks Investment Research\nCyberArk’s Strong Q3 Results \nReporting strong Q3 results, CyberArk CEO Matt Cohen stated the company’s industry leadership in identity security helped deliver strong net new annual recurring revenue (ARR), record revenue, increased profitability, and cash flow.\nRecord Revenue\nCyberArk posted record quarterly sales of $240.1 million, topping Zacks estimates of $233.9 million and soaring 25% from $191.24 million a year ago.\nOptimistically, Total ARR spiked 31% year over year to $926 million. CyberArk has surpassed top line estimates for six consecutive quarters posting an average sales surprise of 3.84% in its last four quarterly reports.\nImage Source: Zacks Investment Research\nIncreased Profitability \nMost compelling is that CyberArk also achieved a quarterly record for adjusted earnings per share with Q4 EPS soaring 124% to $0.94 compared to $0.42 a share in the comparative quarter. Even better, this crushed the Zacks EPS Consensus of $0.45 by 109%.\nCyberArk has reached or exceeded earnings expectations for 13 consecutive quarters posting a very impressive average EPS surprise of 97.68% in the last four quarters.\nImage Source: Zacks Investment Research\nCash Flow \nFree cash flow stretched to $51.56 million from $13.62 million in Q3 2023. Able to strengthen its balance sheet, CyberArk’s cash & equivalents have ballooned to $1.23 billion with the company coming into the year with $355.93 million.\nCyberArk's Revenue Guidance \nFor Q4, CyberArk expects revenue in the range of $297 million-$303 million, representing growth of 33%-36%. CyberArk expects full-year fiscal 2024 revenue to increase by 31%-32% to $983 million-$989 million.\nEPS Growth & Revisions\nBased on Zacks estimates, CyberArk’s annual EPS is now expected to expand 105% in FY24 to $2.30 versus $1.12 in 2023. Plus, FY25 EPS is projected to increase another 45% to $3.35 per share. Leading to CyberArk’s strong buy rating and its brilliant price performance this year has been a compelling trend of earnings estimate revisions for FY24 as shown below.\nImage Source: Zacks Investment Research\nBottom Line \nCyberArk is one of the most intriguing tech stocks to watch at the moment and it would be no surprise if CYBR keeps drifting higher as earnings estimate revisions are likely to rise in the coming weeks.  \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nCyberArk Software Ltd. (CYBR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483056831"}