CyberArk Stock Dips Despite Earnings Smash, Analysts Warn Of 'Acquisition Limbo'

CyberArk's stock has dipped despite achieving a significant $1.44 billion in revenue. Analyst Rudy Kessinger from DA Davidson maintained a Buy rating and raised the price target from $518 to $573, citing strong subscription growth and a 23% increase in total ARR. The company reported quarterly revenue of $372.7 million and adjusted EPS of $1.33, with subscription revenue making up 83% of total revenue. However, uncertainty surrounding its pending acquisition by Palo Alto Networks has led to a lack of updated guidance. CYBR shares fell 1.61% to $400.46.