CyberArk Software (NASDAQ:CYBR) surged more than 7% intra-day today after posting better-than-expected fourth-quarter earnings and issuing a solid outlook for 2025, reinforcing strong demand for its identity security solutions. For Q4, CyberArk reported earnings per share of $0.80, beating analyst expectations of $0.72.
Revenue came in at $314.4 million, surpassing the $301.2 million consensus estimate. The company credited its record performance to robust demand for cybersecurity solutions and strong execution of its strategy.
Annual recurring revenue (ARR) climbed to $1.169 billion, driven by organic ARR surpassing $1 billion and outperformance from Venafi, a key acquisition. Additionally, CyberArk achieved the Rule of 40 on a full-year basis, beating its long-term guidance framework by a year.
Looking ahead, CyberArk expects continued growth in 2025. For Q1 2025, the company projects EPS between $0.74 and $0.81, with the midpoint slightly above the $0.77 consensus estimate. Revenue is forecasted to range between $301 million and $307 million, just exceeding Wall Street expectations of $300.8 million.
For the full year 2025, CyberArk anticipates EPS between $3.55 and $3.70, closely aligning with the $3.62 consensus estimate. Revenue is expected to reach $1.31 billion to $1.32 billion, coming in above analysts’ forecasts of $1.3 billion.