Israelis on Wall Street: Cyberark Soars 16% in Two Days

S&P 500 Breaks 5,000 Point Mark, Cyberark Soars in Wall Street Trading

Wall Street’s trading week came to a close with record-breaking performance from the S&P 500 index. The index surpassed the 5,000 point mark for the first time in its history, rising 0.6% over the last two trading days of the week. Meanwhile, the NASDAQ index strengthened by 1.5%, while the Dow Jones index saw a minor decline.

Among Israeli companies traded on Wall Street, Cyberark was one of several prominent stocks that experienced significant growth. The cybersecurity company’s stock jumped by 15.7% in the last two trading days of the week, adding $1.6 billion to its value. With a record value of 11.8 billion dollars and now fifth largest Israeli company on Wall Street after Mobileye, Check Point, Nice and Teva, Cyberark published reports last Thursday that exceeded analysts’ forecasts in both revenue and profit lines. Revenues in the fourth quarter grew by 31.9% to $223 million compared to analysts’ forecast of $210 million, and on an annual summary revenues grew by 27% to $752 million dollars.

In terms of earnings per share (EPS), Cyberark reported net profit of 8.9 million dollars and Non-GAAP profit at 38.1 million dollars per share, which is higher than analysts expected at only 47 cents per share. For the first quarter of next year, Cyberark expects revenues between $209-$215 million dollars and Non-GAAP EPS between 21-$31 cents per share when analysts expect only $24 cents per share EPS for this period alone. In five years from now, Cyberark predicts growth of about 23% for revenues between $920-$930 million dollars with Net EPS between $1

Leave a Reply

Josh Kerr Breaks the World Indoor Record for 2-Mile Race at Millrose Previous post Breaking Records: The Historic 2-Mile Race at the Millrose Games
Three UAE soldiers killed in attack on military base in Mogadishu Next post From Training Base Attacks to Health Insurance Improvements: A Global Perspective on Efficient Waste Management, Global Logistics Solutions, and Health Care Reform