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Investing.com - BTIG analyst Gray Powell has reiterated a Neutral rating on CyberArk Software (NASDAQ:CYBR), currently trading at $405.04, according to a recent research note. The cybersecurity company has shown impressive performance with a 67% return over the past year. According to InvestingPro, analyst price targets range from $380 to $585, suggesting potential upside.
The factual context appears to contain mixed information, as it references a Buy rating and a price target reduction to $39 from $40 for a company with the ticker KIDS, while the heading mentions CyberArk Software (CYBR). The $20.42 billion market cap company maintains strong fundamentals, with InvestingPro data showing an impressive 76.9% gross profit margin and 39.5% year-over-year revenue growth. InvestingPro subscribers can access 11 more key insights about CYBR’s performance and valuation through the comprehensive Pro Research Report.
The note discusses quarterly results for KIDS, reporting revenue of $61.1 million, representing 16% year-over-year growth compared to BTIG and consensus estimates of $61.5 million.
The analysis breaks down performance across different segments, noting that Trauma & Deformity sales were $41.7 million (10.3% year-over-year), Scoliosis reached $18.5 million (35.4% year-over-year), and Sports Medicine/Other was $0.9 million (-32.9% year-over-year).
The company reportedly adjusted its guidance slightly upward to $237 million-$242 million (16-18% year-over-year) from previous guidance of $236 million-$242 million (15.3-18.2% year-over-year), while maintaining adjusted EBITDA guidance at $15 million-$17 million for fiscal year 2025.
In other recent news, CyberArk Software reported impressive second-quarter results, surpassing consensus expectations across all financial metrics. The company achieved a total Annual Recurring Revenue (ARR) of approximately $1.275 billion, marking a 47% year-over-year growth and exceeding Wall Street’s forecast of about $1.25 billion. Alongside these results, Palo Alto Networks (NASDAQ:PANW) confirmed its acquisition of CyberArk for approximately $25 billion in a cash and stock transaction. This acquisition is expected to enhance Palo Alto’s platform capabilities, particularly in identity security. Following the acquisition announcement, Oppenheimer downgraded CyberArk from Outperform to Perform, citing the anticipated timely closure of the deal. Meanwhile, DA Davidson and Mizuho (NYSE:MFG) both raised their price targets for CyberArk, with DA Davidson setting it at $518 and Mizuho at $500, while maintaining a Buy and Outperform rating, respectively. These developments highlight significant strategic and financial movements for both companies.
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