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CyberArk raises FY24 EPS view to $2.85-$2.96 from $2.17-$2.36

Consensus $2.31. Raises FY24 revenue view to $983M-$989M, consensus $941.48M. Sees FY24 free cash flow $203M-$213M. “We are thrilled to have closed the acquisition of Venafi on October 1, extending our platform leadership and setting a new standard for end-to-end machine identity security. Feedback from both customers and partners has further validated our excitement. Machine identities are the fastest growing and most complex identities today, and Venafi’s cloud native, modern machine identity management solution is the leader in a market that is ready for an inflection,” concluded Cohen.

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