CyberArk Software's high P/S ratio is likely due to expectations of strong revenue performance. The forecasted growth, higher than the rest of the Software industry, supports this. Investors believe the potential for a revenue decrease is remote.
The growth in CyberArk Software's share price is reflective of its consistent revenue growth. The company's accelerating growth could indicate an inflection point and potential future profitability. The recent improvement in the stock's performance could hint at business momentum.