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Benzinga

Business

Anusuya Lahiri

Analysts Cheer CyberArk's Q2 Feat, See Stocks As High As $184

CyberArk CYBR Nasdaq CyberArk Software Ltd Andrew Nowinski Gregg Moskowitz EMEA

CyberArk Software Ltd (NASDAQ:CYBR) clocked 21% revenue growth in second-quarter FY22 to $142.3 million, beating the consensus of $138.5 million. Non-GAAP EPS loss of $(0.27) beat the consensus loss of $(0.30).

Barclays analyst Saket Kalia reiterated an Overweight and $175 price target. CYBR beat 2Q net new ARR and raised FY22 guide, which has not been the norm this quarter in security earnings, driving the stock out-performance today, he noted.

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