CyberArk Expects 3Q23 Revenue Of $181.5M-$186.5M Vs. Consensus Of $187.14M, Adjusted EPS Of $0.19-$0.27 Vs. Consensus Of $0.15
Portfolio Pulse from Benzinga Newsdesk
CyberArk has released its 3Q23 revenue expectations, predicting a range of $181.5M-$186.5M, which is below the consensus of $187.14M. However, the company's adjusted EPS is expected to be between $0.19-$0.27, surpassing the consensus of $0.15. This represents a growth of 19-22% compared to the third quarter of 2022.
August 10, 2023 | 11:14 am
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NEUTRAL IMPACT
CyberArk's 3Q23 revenue forecast is below consensus, which could negatively impact the stock. However, the higher than expected EPS could offset this impact.
While the lower than expected revenue forecast could lead to a negative reaction from investors, the higher than expected EPS indicates strong profitability, which could offset the negative impact. The net effect on the stock is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100