CyberArk Software Ltd. ($CYBR) Stock Forecast: Up 5.3% Today

What is CyberArk Software Ltd.?

CyberArk (NASDAQ: CYBR) is an identity security company that focuses on privileged access management to safeguard vital assets and data.

Why is CyberArk Software Ltd. going up?

CYBR stock is up 5.3% on Aug 9, 2024 14:17

• CyberArk stock showed significant upward momentum in trading today.
• Factors potentially fueling this upward trend include:
• Impressive Q2 2024 earnings results, surpassing both EPS and revenue projections, boosting investor confidence.
• Increased M&A activities globally, potentially linked to expected Federal Reserve rate cuts, leading to speculation on acquisition targets like CyberArk.
• Favorable recommendations from Wall Street analysts, adding to positive investor outlook.
• Overall, strong financial performance, positive analyst guidance, and broader market dynamics likely influenced CyberArk's stock surge today.

CYBR Price Chart

CYBR News

3 Potential Takeover Targets to Buy Now: August 2024

Lower interest rates make it easier for firms to carry out acquisitions. That’s because the lower rates enable them to borrow the funds they need to make big deals much more cheaply. After the number of net new jobs added by the economy in July came in well below economists’ average estimate, 100% of economists surveyed expect the Federal Reserve to slash its benchmark rate by one-half of a percentage point in September. Roughly 60% expect the central bank to reduce the rate by another half of a percentage point in November with the rest anticipating a quarter of a percentage point reduction. Even before the Street became convinced the Fed would rapidly cut rates, the total value of global mergers and acquisitions had risen by 5% in the first half of 2024 versus the same period a year earlier. Now that rates will in all likelihood drop sharply going forward, the number of deals and their value are likely to increase a great deal compared to the past two years when rates were relatively high. Here are three potential takeover targets that could very well be acquired amid this trend.

https://investorplace.com/2024/08/3-potential-takeover-targets-to-buy-now-august-2024/

Should You Invest in CyberArk Based on Bullish Wall Street Views?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock''s price, but are they really important? Let''s take a look at what these Wall Street heavyweights have to say about CyberArk (NASDAQ: CYBR ) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. CyberArk currently has an average brokerage recommendation of 1.11, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 28 brokerage firms. An ABR of 1.11 approximates between Strong Buy and Buy. Of the 28 recommendations that derive the current ABR, 26 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 92.9% and 3.6% of all recommendations. Brokerage Recommendation Trends for CYBR The ABR suggests buying CyberArk, but making an investment decision solely on the basis of this information might not be a good idea.

https://www.benzinga.com/news/earnings/24/08/40256955/should-you-invest-in-cyberark-based-on-bullish-wall-street-views

CYBR Stock Earnings: CyberArk Software Beats EPS, Beats Revenue for Q2 2024

CyberArk Software (NASDAQ: CYBR ) just reported results for the second quarter of 2024. CyberArk Software reported earnings per share of 54 cents. This was above the analyst estimate for EPS of 40 cents. The company reported revenue of $224.71 million. This was 2.58% better than the analyst estimate for revenue of $219.06 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com. More From InvestorPlace Legendary Investor Predicts: “Forget AI… THIS Technology Is the Future” The post CYBR Stock Earnings: CyberArk Software Beats EPS, Beats Revenue for Q2 2024 appeared first on InvestorPlace .

https://investorplace.com/earning-results/2024/08/cybr-stock-earnings-cyberark-software-for-q2-of-2024/

CyberArk Software Q2: Revenue Jumps 28% With Strong Subscription Growth, 2024 Outlook Raised - CyberArk Software ( NASDAQ:CYBR )

CyberArk Software Ltd CYBR reported fiscal second-quarter 2024 revenue growth of 28% year-on-year to $224.7 million, beating the analyst consensus estimate of $219.1 million. The information security company posted an adjusted EPS of 54 cents, which beat the analyst consensus estimate of 40 cents.

https://www.benzinga.com/news/earnings/24/08/40258564/cyberark-software-q2-revenue-jumps-28-with-strong-subscription-growth-2024-outlook-raised

CyberArk shares leap 6% as Q2 earnings top estimates, guidance raised By Investing.com

NEWTON, Mass. & PETACH TIKVA, Israel – CyberArk Software Ltd. (NASDAQ:) shares jumped by 6% after the identity security company reported second-quarter results that beat expectations and raised its full-year guidance. CyberArk posted adjusted earnings of $0.54 per share for Q2, surpassing the analyst consensus of $0.40. Revenue rose 28% YoY to $224.7 million, exceeding […] The post CyberArk shares leap 6% as Q2 earnings top estimates, guidance raised By Investing.com appeared first on TheAdviserMagazine.com .

https://theadvisermagazine.com/market-research/stock-market/cyberark-shares-leap-6-as-q2-earnings-top-estimates-guidance-raised-by-investing-com/

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CyberArk Software Ltd. Price History

09.01.2024 - CYBR Stock was up 7.7%

• The bullish movement in CYBR today can be attributed to several factors:
• 1. Strong Q4 Earnings: CyberArk Software reported record Q4 and FY 2023 results, indicating strong financial performance. This likely boosted investor confidence and contributed to the bullish movement.
• 2. Market Demand: The article mentions that CyberArk's SaaS solutions and on-premise subscription offerings are experiencing strong demand. This suggests that the company's products are in high demand, which could be driving the stock's upward movement.
• 3. Positive Analyst Forecasts: The article highlights that top Wall Street analysts have raised their price target for CyberArk Software. This indicates positive sentiment and optimism surrounding the company's future prospects, potentially influencing the bullish market movement.
• Overall, the combination of strong earnings, market demand for cybersecurity solutions, and positive analyst forecasts likely contributed to the bullish movement in CYBR today.

11.01.2024 - CYBR Stock was up 7.7%

• The price target for CYBR has been raised multiple times by different investment analysts, indicating positive sentiment towards the stock.
• The increased price targets suggest that there is potential for further upside in CYBR's stock price.
• CYBR has outperformed the market over the past 5 years, indicating its strong performance and investor confidence in the company's cybersecurity solutions.

10.05.2024 - CYBR Stock was up 5.0%

• CYBR demonstrated significant upward movement today, likely propelled by the optimistic market sentiment towards cybersecurity stocks.
• Observations point to the growing threat of cyber attacks and the increasing necessity for robust cybersecurity measures in various sectors.
• Given the rising demand for cybersecurity solutions and the recognition of undervalued cybersecurity stocks, investors may have exhibited heightened interest in CYBR, resulting in its positive performance.
• The enhanced Composite Rating of CrowdStrike Holdings reinforces the resilience of the cybersecurity industry, potentially influencing the favorable movement in CYBR's stock price today.

21.01.2024 - CYBR Stock was down 5.1%

• Heightened concerns among investors regarding cybersecurity due to the surge in cybercrime and data breaches may have led to a downturn in CYBR stock.
• The technical achievement of Okta Cl A (OKTA) may have drawn investor focus away from CYBR, negatively impacting its stock performance.
• Alarming statistics on cyberattacks and reminders to update passwords serve as stark reminders of the persistent threats faced by cybersecurity firms like CYBR, potentially influencing the recent negative market trend.

05.02.2024 - CYBR Stock was down 5.2%

• Today's downward movement in CYBR stock may be due to profit-taking by investors following a period of strong performance.
• The increase in cybersecurity spending amid rising cyber threats could have benefited other cybersecurity stocks, such as Rapid7, Okta, and Tenable Holdings, causing investors to temporarily shift attention away from CYBR.
• Positive news and upgrades for competitors in the cybersecurity industry might have diverted focus and investment from CyberArk Software, resulting in a decline in its stock value.
• Despite today's bearish movement, CYBR has delivered impressive long-term performance, outpacing the market significantly over the last 5 years, underscoring its potential for future growth and stability.

11.01.2024 - CYBR Stock was up 7.7%

• The bullish movement in CYBR today can be attributed to several factors:
• 1. Price Target Increase: Truist Financial raised the price target for CYBR from $250.00 to $300.00, indicating a potential upside. This positive outlook from analysts likely contributed to the bullish market movement.
• 2. Strong Q4 Earnings: CYBR's fourth-quarter 2023 results exceeded estimates, driven by the strong demand for the company's SaaS solutions and on-premise subscription offerings. This impressive performance would have instilled confidence in investors and attracted more buyers.
• 3. Positive Long-Term Performance: The article highlighting CYBR's outperformance of the market over the past 5 years would have further bolstered investor sentiment. This long-term success story may have attracted more investors to the stock, driving up its price.
• In conclusion, the bullish movement in CYBR today can be attributed to the increase in price target, strong Q4 earnings, and the company's impressive long-term performance in the cybersecurity market.

10.01.2024 - CYBR Stock was up 7.7%

• The strong bullish movement in CYBR today can be attributed to several factors:
• 1. Impressive Q4 Earnings: CyberArk's Q4 earnings and sales exceeded estimates, showcasing the strong demand for the company's SaaS solutions and on-premise subscription offerings.
• 2. Positive Analyst Forecasts: Top Wall Street analysts have raised their price targets for CyberArk Software, indicating optimism about the company's future prospects. This positive sentiment could have contributed to the bullish movement.
• 3. Focus on Cybersecurity: As the importance of cybersecurity continues to grow, companies like CyberArk Software are in high demand. Investors may be recognizing the potential for long-term growth in the cybersecurity sector, leading to increased interest and a bullish market movement for CYBR.
• 4. Technical Strength: Rapid7, another cybersecurity company, experienced renewed technical strength, which could have had a positive spillover effect on CYBR. Rising relative price strength in the sector may have attracted investors to CyberArk Software as well.
• Overall, the combination of strong earnings, positive analyst forecasts, industry demand, and technical strength in the sector likely contributed to the bullish movement in CYBR today.

09.06.2024 - CYBR Stock was down 3.1%

• The cybersecurity sector is projected to experience substantial growth due to the increasing digitalization of businesses and the rising threat of cyber attacks.
• Despite the positive long-term outlook for cybersecurity companies, CYBR may have faced bearish pressure due to profit-taking or concerns about its specific financial performance.
• Investors may have reacted to broader market conditions or specific company news that impacted CYBR's stock price negatively.
• While the industry outlook remains optimistic, short-term fluctuations in CYBR's stock price could be influenced by a variety of factors, including market sentiment and company-specific developments.

08.07.2024 - CYBR Stock was up 6.2%

• CyberArk shares surged by 6% following the release of their Q2 earnings report that exceeded expectations and included a raised full-year guidance, showcasing strong market confidence in the company's growth prospects.
• The cybersecurity industry's increasing prominence stems from its vital role in safeguarding digital assets. Recent events like the CrowdStrike outage underscore the importance of robust cybersecurity measures, leading to investor interest in companies like CyberArk.
• CyberArk's proficiency in delivering top-tier identity security solutions and maintaining competitiveness in the dynamic cybersecurity sector has established it as a top choice in the industry. The company's robust performance in Q2 underscores its ability to provide essential services effectively in combating cyber threats.

09.07.2024 - CYBR Stock was up 5.3%

• CyberArk stock showed significant upward momentum in trading today.
• Factors potentially fueling this upward trend include:
• Impressive Q2 2024 earnings results, surpassing both EPS and revenue projections, boosting investor confidence.
• Increased M&A activities globally, potentially linked to expected Federal Reserve rate cuts, leading to speculation on acquisition targets like CyberArk.
• Favorable recommendations from Wall Street analysts, adding to positive investor outlook.
• Overall, strong financial performance, positive analyst guidance, and broader market dynamics likely influenced CyberArk's stock surge today.

08.07.2024 - CYBR Stock was up 7.6%

• CyberArk Software (CYBR) reported impressive second-quarter earnings, beating both EPS and revenue estimates.
• The company's revenue surged by 28% year-on-year, driven by strong subscription growth, surpassing analyst expectations.
• The raised outlook for 2024 and exceeding guidance for the full year contributed to a 6% jump in CYBR shares.
• The positive market sentiment towards CYBR was fueled by the company's solid financial performance and optimistic future prospects, leading to a bullish movement in the stock price.

08.07.2024 - CYBR Stock was up 6.2%

• CyberArk Software experienced a significant 28% year-on-year revenue growth in the second quarter, exceeding analyst expectations.
• The company's adjusted earnings per share for Q2 stood at $0.54, surpassing the consensus estimate of $0.40, bolstering investor confidence.
• With an upgraded outlook for 2024 and robust subscription growth, CyberArk's stock witnessed a surge in positive sentiment, driving its price upwards.
• Strong quarterly performance and improved guidance demonstrated CyberArk's market strength and performance, garnering investor interest and contributing to the stock's upward trajectory.