<div id="readability-page-1">DA Davidson struck a more optimistic tone on CyberArk Software Ltd ( CYBR ) after the company delivered another strong quarter fueled by subscription growth and accelerating recurring revenue. Analyst Rudy Kessinger maintained a Buy rating on CyberArk Software ( CYBR ) and raised the price forecast from $518 to $573 on Wednesday. Kessinger updated his model after CyberArk's fourth-quarter report, noting the company delivered record subscription and total net new ARR levels, both rising roughly 20%–30% organically year-over-year. The analyst rerated the stock to align with his valuation of Palo Alto Networks Inc ( PANW ) . <h2>Subscription Growth Drives Results</h2> He said CyberArk posted solid quarterly results, with revenue of $372.7 million and adjusted EPS of $1.33, slightly below his profit expectations but supported by strong subscription growth. Subscription revenue climbed 28% Y/Y to $310.5 million, making up 83% of total revenue, while recurring revenue reached 96% of the total. <h2>ARR Momentum Remains Strong Despite Deal Uncertainty</h2> Kessinger highlighted strong ARR momentum, with total ARR rising 23% to $1.44 billion and subscription ARR growing about 29% organically. Net new ARR also rebounded sharply compared with the prior quarter, driven by accelerating subscription contributions. The analyst noted operating margins came in slightly lower than expected due to higher costs, but free cash flow exceeded forecasts. With CyberArk awaiting its pending acquisition by Palo Alto Networks ( PANW ), the company will not hold an earnings call or provide updated guidance, though Kessinger still revised his forward estimates and reiterated his bullish stance. The analyst projected first-quarter revenue of $378.6 million and EPS of $1.35. Price Action: CYBR shares were trading lower by 1.61% to $400.46 at last check Thursday. Image: Shutterstock</div>

2 倍做多 PANW ETF - Leverage Shares

派拓网络

CYBR

尽管 CyberArk 实现了 14.4 亿美元的显著收入，其股票仍然下跌。DA Davidson 的分析师 Rudy Kessinger 维持了买入评级，并将目标价从 518 美元上调至 573 美元，理由是强劲的订阅增长和总年度经常性收入（ARR）增长 23%。该公司报告的季度收入为 3.727 亿美元，调整后的每股收益为 1.33 美元，订阅收入占总收入的 83%。然而，围绕其与派拓网络的待收购的不确定性导致缺乏更新的指导。CYBR 股票下跌 1.61%，报 400.46 美元

尽管业绩表现优异，CyberArk 的股票仍然下跌，分析师警告存在 “收购僵局”