CyberArk Analysts Boost Their Forecasts After Upbeat Earnings

CyberArk Software Ltd CYBR reported better-than-expected fiscal fourth-quarter results on Thursday.

The company posted revenue growth of 41% year-on-year to $314.40 million, beating the analyst consensus estimate of $301.31 million. The cybersecurity company posted an adjusted EPS of 80 cents, which beat the analyst consensus estimate of 72 cents.

“2024 was a milestone year for CyberArk. Our record performance in the fourth quarter and the year reflects the strength of demand for our identity security solutions and the consistent execution of our strategy,” said Matt Cohen, CyberArk’s Chief Executive Officer. “Total ARR reached $1.169 billion, driven by organic ARR crossing $1 billion and the outperformance from Venafi. With our strong revenue growth and free cash flow margin, we returned to Rule of 40 on a full year basis – beating our long-term guidance framework by a full year. With our leading identity security platform, innovation engine, and persona-based solutions uniquely differentiated with best-in-class security controls, we are well positioned to go after our massive market opportunity. We enter 2025 in a position of strength and we are set up to deliver durable growth.”

CyberArk expects fiscal first-quarter revenue of $301.0 million—$307.0 million, versus the consensus of $301.09 million. It projected an adjusted EPS of $0.74-$0.81 versus the consensus of $0.77.

CyberArk expects fiscal 2025 revenue of $1.308 billion-$1.318 billion versus the consensus of $1.302 billion. The company expects an adjusted EPS outlook of $3.55-$3.70 versus the consensus of $3.65. It expects an ARR of $1.410 billion—$1.420 billion as of December 31, 2025, up by 21%.

CyberArk shares gained 8.8% to close at $414.31 on Thursday.

These analysts made changes to their price targets on CyberArk following earnings announcement.

• Barclays analyst Saket Kalia maintained CyberArk Software with an Overweight and raised the price target from $375 to $450.
• Rosenblatt analyst Catharine Trebnick maintained the stock with a Buy and raised the price target from $415 to $445.
• Morgan Stanley analyst Hamza Fodderwala maintained CyberArk with an Equal-Weight and raised the price target from $316 to $390.

Considering buying CYBR stock? Here’s what analysts think:

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