Stifel said that CyberArk (CYBR) delivered another “strong” quarter with “better-than-expected” Q1 annual recurring revenue, revenue, profitability and free cash flow. While CyberArk is not seeing any headwinds from the uncertain macro, management prudently reaffirmed FY25 ARR/adjusted free cash flow guidance to maintain conservatism, which the firm believes creates a favorable setup for upside as the year plays out, Stifel told investors.
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