Why CyberArk Software Stock Popped 11% in November
Shares of CyberArk Software Ltd. (NASDAQ: CYBR) jumped 11.1% in November, according to data provided by S&P Global Market Intelligence, after the cybersecurity company's third-quarter earnings report surpassed analysts' estimates for both CyberArk's top and bottom lines.
Revenue increased 18% year over year to $64.8 million, which was higher than Wall Street's expectations of $63 million. CyberArk also outpaced analysts' consensus earnings estimate of $0.19 per share and instead had non-GAAP earnings of $0.25 per share.
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Source: Fool.com
Cyberark Software Stock
€222.80
0.950%
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
As a result the target price of 255 € shows a slightly positive potential of 14.45% compared to the current price of 222.8 € for Cyberark Software.
