CyberArk Software Expects Q3 Revenue Of $230M-$236M Vs $232.8M Est, Adj EPS Of $0.38-$0.49 Vs $0.38 Est
Portfolio Pulse from Benzinga Newsdesk
CyberArk Software expects Q3 2024 revenue between $230M and $236M, representing a 20-23% growth compared to Q3 2023. The company also projects non-GAAP EPS between $0.38 and $0.49, surpassing the $0.38 estimate.
August 08, 2024 | 11:15 am
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CyberArk Software expects Q3 2024 revenue between $230M and $236M, representing a 20-23% growth compared to Q3 2023. The company also projects non-GAAP EPS between $0.38 and $0.49, surpassing the $0.38 estimate.
The revenue and EPS projections for Q3 2024 are above market expectations, indicating strong financial performance. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100