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CyberArk Shares Slide Despite Positive Outlook, Earnings Report

CyberArk Software Ltd (NASDAQ:CYBR) reported fiscal first-quarter 2024 revenue growth of 37% year-on-year to $221.55 million, beating the analyst consensus of $213.29 million.  The information security company posted an adjusted EPS of $0.75, which beat the analyst consensus of $0.28. The stock price declined after the print. Segments: Revenues from Subscriptions expanded 69% Y/Y to $156.2 million. Maintenance and professional services were $62.4 million vs. $65.1 million Y/Y. Also Read: Why Microsoft, Alphabet, Amazon, Palantir, And Meta Could Rise 15% In 2024, According To Analyst Key Performance ...