CyberArk Sees FY23 Revenue Of $726M-$736M Vs. Consensus of $730.46M, Adjusted EPS Of $0.44-$0.63 Vs. Consensus of $0.29; Sees ARR As Of December 31, 2023 Of $743M-$753M
Portfolio Pulse from Benzinga Newsdesk
CyberArk has projected its FY23 revenue to be between $726M-$736M, which is in line with the consensus of $730.46M. The company also expects its adjusted EPS to be between $0.44-$0.63, higher than the consensus of $0.29. Furthermore, CyberArk anticipates its ARR as of December 31, 2023, to be between $743M-$753M.
August 10, 2023 | 11:12 am
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POSITIVE IMPACT
CyberArk's FY23 revenue and adjusted EPS projections are in line with and higher than consensus estimates respectively. This could potentially lead to a positive market reaction.
CyberArk's revenue projection for FY23 is in line with market expectations, while its adjusted EPS projection is higher than the consensus. This indicates strong financial performance, which could potentially lead to a positive market reaction and an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100