CyberArk Sees FY23 Revenue $735.3M-$740.3M Vs $731.41M Est, Sees Adj. EPS $0.72-$0.80 Vs $0.55 Est
Portfolio Pulse from Benzinga Newsdesk
CyberArk has projected its FY23 revenue to be between $735.3M and $740.3M, which is higher than the estimated $731.41M. The company also expects its adjusted EPS to be between $0.72 and $0.80, surpassing the estimated $0.55.
November 02, 2023 | 11:14 am
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POSITIVE IMPACT
CyberArk's higher than expected FY23 revenue and adjusted EPS projections could positively impact its stock price.
CyberArk's projected FY23 revenue and adjusted EPS are both higher than the estimates. This positive financial outlook could increase investor confidence and drive up the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100