CyberArk Software Stock Gains After Q2 Report - What's Going On?
Portfolio Pulse from Anusuya Lahiri
CyberArk Software Ltd reported Q2 FY23 revenue growth of 24% YoY to $175.8 million, beating the consensus of $173.4 million. Non-GAAP EPS of $0.03 also beat the consensus loss of $(0.12). The company raised its FY23 revenue and non-GAAP EPS outlook. Following the report, CYBR shares traded higher by 6.71% in premarket.
August 10, 2023 | 1:21 pm
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CyberArk's Q2 FY23 results beat estimates and the company raised its FY23 outlook, leading to a 6.71% increase in premarket trading.
CyberArk reported strong Q2 FY23 results, beating both revenue and EPS estimates. The company also raised its FY23 outlook, indicating confidence in its future performance. This positive news led to a 6.71% increase in the company's stock price in premarket trading, indicating a positive short-term impact on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100