CyberArk Software Ltd. ($CYBR) Stock Forecast: Down 1.9% Today

What is CyberArk Software Ltd.?

CyberArk Software Ltd (NASDAQ: CYBR) is an information security company specializing in privileged access management solutions. Today, the stock experienced a significant bearish movement in the market.

Why is CyberArk Software Ltd. going down?

CYBR stock is down 1.9% on Nov 13, 2024 19:47

• Despite reporting strong fiscal third-quarter 2024 revenue growth and beating analyst estimates, the stock saw a bearish movement, possibly due to profit-taking by investors.
• The announcement of a new CFO may have also contributed to the bearish sentiment as investors might be uncertain about the impact of the leadership change on the company's future performance.
• The overall market sentiment towards cybersecurity stocks might have played a role in the bearish movement of CYBR, as investors may have concerns about the sector's future growth potential.

CYBR Price Chart

CYBR Technical Analysis

CYBR News

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CyberArk Q3 Earnings: Subscription Growth Soars, ARR Up, New CFO Announced And More - CyberArk Software ( NASDAQ:CYBR )

CyberArk Software Ltd ( NASDAQ: CYBR ) reported fiscal third-quarter 2024 revenue growth of 26% year-on-year to $240.1 million, beating the analyst consensus estimate of $234.0 million. The information security company posted an adjusted EPS of $0.94, which beat the analyst consensus estimate ...

https://www.benzinga.com/news/earnings/24/11/41938753/cyberark-q3-earnings-subscription-growth-soars-arr-up-new-cfo-announced-and-more

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https://www.zacks.com/commentary/2368499/is-this-top-cybersecurity-stock-a-buy-before-earnings

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CyberArk Software Ltd. Price History

13.10.2024 - CYBR Stock was down 1.9%

• Despite reporting strong fiscal third-quarter 2024 revenue growth and beating analyst estimates, the stock saw a bearish movement, possibly due to profit-taking by investors.
• The announcement of a new CFO may have also contributed to the bearish sentiment as investors might be uncertain about the impact of the leadership change on the company's future performance.
• The overall market sentiment towards cybersecurity stocks might have played a role in the bearish movement of CYBR, as investors may have concerns about the sector's future growth potential.

13.10.2024 - CYBR Stock was up 6.8%

• CyberArk's significant upward movement today is believed to be connected to the anticipation of its upcoming Q3 earnings, reflecting the company's successful shift towards software-as-a-service and subscription-based models.
• The strong performance of other cybersecurity firms like Cloudflare (NET) and EPAM Systems in recent earnings may have bolstered investor confidence in the sector, leading to increased interest in CyberArk stocks.
• Given the heightened importance of cybersecurity in today's landscape, investors are confident in CyberArk's potential to deliver strong quarterly results, possibly propelling the stock price further in the upcoming periods.

06.10.2024 - CYBR Stock was up 5.4%

• A notable endorsement of CYBR by Jim Cramer on a popular financial program potentially influenced the stock's upward trajectory.
• Cramer's description of CYBR as a favorable investment opportunity and his consistent backing of the stock might have positively influenced investor sentiment.
• The heightened significance of cybersecurity in light of increasing cyber threats may have also contributed to the rise in CYBR's stock value.
• In summary, positive feedback from influential individuals like Jim Cramer and the escalating demand for cybersecurity services likely underpinned CYBR's positive market performance 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.

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.