CyberArk reports Q3 revenue up 26% to $240.1M, raises FY 2024 guidance amid CFO transition.

CyberArk Software, a cybersecurity firm, reported a 26% revenue increase in Q3 to $240.1 million, surpassing expectations. The company raised its FY 2024 earnings guidance to EPS between $2.85 and $2.96, with revenue projected between $983.0 million and $989.0 million. Analysts have issued largely positive outlooks, with an average price target of $311.44. CyberArk also announced a CFO transition, with Erica Smith succeeding Josh Siegel.

November 13, 2024
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