CyberArk Shows Strong Growth Ahead Of Palo Alto Networks Merger
1. CyberArk reported better-than-expected quarterly results, beating revenue estimates. 2. Subscription revenue rose 60% year-over-year, now 82% of total revenue. 3. Free cash flow impacted by acquisition costs, but improved to $51.3 million. 4. Analysts updated earnings forecasts, projecting significant growth for 2025 and 2026. 5. D.A. Davidson maintained a Buy rating with a $518 price target.