CyberArk Sees FY24 Adj. EPS $1.88-$2.07 Vs $1.76 Estimate; Sees Revenue $928M-$938M Vs $927.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
CyberArk forecasts its FY24 adjusted EPS to be between $1.88 and $2.07, surpassing the $1.76 estimate. The company also projects its revenue to range from $928M to $938M, slightly above the $927.11M estimate.
May 02, 2024 | 11:19 am
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POSITIVE IMPACT
CyberArk's FY24 earnings and revenue forecasts exceed analyst expectations, indicating potential growth and financial strength.
CyberArk's projection of higher-than-expected earnings and revenue for FY24 suggests the company is on a 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