CyberArk Software Q4 Adj EPS $0.81 Beats $0.47 Estimate, Sales $223.10M Beat $209.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
CyberArk Software (NASDAQ:CYBR) reported Q4 adjusted EPS of $0.81, surpassing the $0.47 estimate, marking a 406.25% increase from last year's $0.16. Q4 sales reached $223.10M, exceeding the $209.68M estimate, a 31.90% increase from the previous year.
February 08, 2024 | 12:03 pm
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CyberArk Software reported a significant beat on both EPS and sales estimates for Q4, with EPS at $0.81 vs. $0.47 estimate and sales at $223.10M vs. $209.68M estimate.
The substantial beat on both earnings per share and sales estimates for CyberArk Software indicates strong financial performance and operational efficiency. This outperformance, especially the 406.25% increase in EPS year-over-year, is likely to instill investor confidence and could lead to a positive short-term impact on CYBR's stock price. The surpassing of analyst expectations by a significant margin typically results in positive market reactions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100