CyberArk Sees Q2 2024 Adj. EPS $0.34-$0.44 Vs $0.30 Estimate, Sees Revenue $215M-$221M Vs $221M Estimate
Portfolio Pulse from Benzinga Newsdesk
CyberArk projects its Q2 2024 adjusted EPS to be between $0.34 and $0.44, surpassing the $0.30 estimate. However, its revenue forecast of $215M-$221M falls short of the $221M estimate.
May 02, 2024 | 11:17 am
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NEUTRAL IMPACT
CyberArk's Q2 2024 earnings projection exceeds expectations with an adjusted EPS of $0.34-$0.44 against a $0.30 estimate, but its revenue forecast is slightly below the expected $221M.
CyberArk's higher-than-expected EPS forecast for Q2 2024 suggests operational efficiency and profitability, which is positive for investor sentiment. However, the slight miss in revenue forecast could temper enthusiasm, leading to a neutral short-term impact on the stock price. The balance between exceeding EPS estimates and missing revenue forecasts suggests a mixed reaction from the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100