CyberArk Software shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 guidance. Also, the company issued Q3 adjusted EPS guidance with its midpoint above estimates.
Portfolio Pulse from Benzinga Newsdesk
CyberArk Software shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 guidance. Additionally, the company issued Q3 adjusted EPS guidance with its midpoint above estimates.
August 08, 2024 | 1:14 pm
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CyberArk Software shares are trading higher due to better-than-expected Q2 financial results and an increase in FY24 guidance. The company also provided Q3 adjusted EPS guidance with a midpoint above estimates.
The better-than-expected Q2 financial results and raised FY24 guidance are positive indicators for CyberArk Software's future performance. Additionally, the Q3 adjusted EPS guidance with a midpoint above estimates suggests continued strong performance, likely driving the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100