CyberArk Software (CYBR) Stock

CyberArk Software Ltd. CYBR, a leader in identity security solutions, has delivered an impressive 34.1% gain over the past six months.

Investors put a premium on expectations-beating growth. That's why it's profitable for investors to buy stock in founder-led technology companies — Amazon comes to mind — that keep beating expectations years after their founder presides over the company's initial public offering.

CyberArk Software Ltd. reported strong Q3 '24 results, with 26% top-line growth and a 43% increase in subscription revenue, driving margins from 9% to 15% when compared to the previous year. The acquisition of Venafi enhances CyberArk's machine identity management capabilities, crucial as enterprises adopt AI and multi-cloud environments. CyberArk's differentiation lies in its secured identity management platform, recognized by Gartner as a leader in privileged access management, driving significant new customer wins.

While a robust demand environment drives CYBR's top-line growth in the third quarter, lower expenses boost the bottom-line performance.

CyberArk (CYBR) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.42 per share a year ago.

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Get a deeper insight into the potential performance of CyberArk (CYBR) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

In the most recent trading session, CyberArk (CYBR) closed at $296.20, indicating a +0.59% shift from the previous trading day.

CyberArk (CYBR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.