CyberArk Expects FY24 Total Revenue Of $920M-$930M (Est $915.82M), Adj EPS Of $1.63-$1.81 (Est $1.72)
Portfolio Pulse from Benzinga Newsdesk
CyberArk has projected its FY24 total revenue to be between $920M-$930M, surpassing the estimated $915.82M. Additionally, the company anticipates its adjusted EPS to range from $1.63 to $1.81, with the consensus estimate at $1.72.
February 08, 2024 | 12:11 pm
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POSITIVE IMPACT
CyberArk's FY24 revenue and adjusted EPS projections exceed market estimates, indicating potential growth and financial strength.
CyberArk's higher-than-expected revenue and EPS forecasts for FY24 suggest the company is on a strong growth trajectory, which could lead to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100