Up 100% in 3 Years, How Much Higher Can CyberArk Stock Soar?
CyberArk's (NASDAQ: CYBR) stock recently tumbled after the Israeli cybersecurity company posted its first-quarter earnings. Its revenue rose 11% annually to $106.8 million, narrowly beating estimates by $0.2 million. Its adjusted net income dipped 9% to $19.6 million, or $0.50 per share, but it still beat expectations by $0.13.
CyberArk's headline numbers looked stable, but its forecast for roughly flat revenue growth with a 41%-71% drop in adjusted earnings spooked investors. It also withdrew its guidance for the full year in light of the COVID-19 pandemic.
CyberArk's investors clearly weren't pleased, but the stock remains up nearly 100% over the past three years. Should investors lock in their profits now, or ride out the near-term volatility for bigger long-term gains?
Source Fool.com
