CyberArk Reports 41% Revenue Growth in Q4

CyberArk Software Ltd reported a robust fourth-quarter revenue of $314.4 million, representing a 41% year-over-year growth and surpassing analyst expectations. The company also posted an adjusted EPS of $0.80, exceeding the consensus estimate of $0.72, and achieved a record Annual Recurring Revenue (ARR) of $1.169 billion. CEO Matt Cohen emphasized the strong demand for their identity security solutions and indicated that CyberArk is well-positioned for sustained growth in 2025, projecting revenues of $1.308 billion to $1.318 billion. Following the earnings report, CyberArk shares saw an increase, with analysts raising price targets, reflecting confidence in the company's future performance. The stock has gained over 51% in the past year, underscoring the increasing importance of cybersecurity amid rising cyber threats. As the company prepares for fiscal 2025, it anticipates continued growth in both revenue and earnings, aligning closely with market expectations.