CyberArk (CYBR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
CyberArk (CYBR) reported $191.24 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 25.3%. EPS of $0.42 for the same period compares to -$0.06 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $184.5 million, representing a surprise of +3.65%. The company delivered an EPS surprise of +75.00%, with the consensus EPS estimate being $0.24.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CyberArk performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Annual Recurring Revenue (ARR): $705 million versus $695.89 million estimated by six analysts on average.
Maintenance Annual Recurring Revenue (ARR): $201 million versus $198.88 million estimated by four analysts on average.
Subscription Annual Recurring Revenue (ARR): $504 million versus $498.55 million estimated by four analysts on average.
Revenues- Maintenance and professional services: $64.63 million versus the 10-analyst average estimate of $63.72 million. The reported number represents a year-over-year change of 0%.
Revenues- Perpetual license: $13.79 million compared to the $5.19 million average estimate based on 10 analysts. The reported number represents a change of 0% year over year.
Revenues- Subcription: $74.25 million compared to the $115.32 million average estimate based on 10 analysts. The reported number represents a change of 0% year over year.
View all Key Company Metrics for CyberArk here>>>
Shares of CyberArk have returned +2.4% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report
