Description

CyberArk Software: Acceleration of Endpoint Privilege Manager (EPM) Adoption 

CyberArk Software Ltd. reported strong first quarter 2024 financial results. The company provided earnings per share of $0.75, turning around a loss of $0.17 in the prior year period. Additional financial metrics highlighted were subscription annual recurring revenue or ARR of $621 million, growing 54% YoY, and total ARR of $811 million, growing 34% YoY. Total revenue climbed to approximately $222 million, a 37% YoY increase. The company recently celebrated its 25th anniversary. Throughout its history, the company has consistently delivered innovative technology and transformative value to all its customers. In the last quarter alone, the company signed nearly 200 new customers. CyberArk’s unique proposition to secure all identities with effective privilege controls across all environments is resonating with customers, as evidenced by subscription ARR and increased total revenue.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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