CyberArk Expects Q1 Total Revenue Of $209M-$215M (Est $206.77M), Adj EPS Of $0.21-$0.31 (Est $0.24)
Portfolio Pulse from Benzinga Newsdesk
CyberArk has projected its Q1 total revenue to be between $209M-$215M, surpassing the estimated $206.77M. Additionally, the company anticipates its adjusted EPS to range from $0.21 to $0.31, which is also above the estimated $0.24.
February 08, 2024 | 12:08 pm
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CyberArk's Q1 revenue and adjusted EPS projections exceed analyst estimates, indicating a positive financial performance.
CyberArk's projection of higher-than-expected revenue and adjusted EPS for Q1 suggests a strong financial performance, likely leading to a positive short-term impact on its stock price. The company's performance exceeding analyst estimates typically results in increased investor confidence and can drive the stock price up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100