Brokerages expect that Cyberark Software Ltd (NASDAQ:CYBR) will post $92.35 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Cyberark Software’s earnings. The highest sales estimate is $93.00 million and the lowest is $92.00 million. Cyberark Software posted sales of $71.78 million in the same quarter last year, which suggests a positive year over year growth rate of 28.7%. The business is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, May 14th.
According to Zacks, analysts expect that Cyberark Software will report full year sales of $413.82 million for the current year, with estimates ranging from $413.00 million to $415.00 million. For the next financial year, analysts forecast that the firm will report sales of $490.54 million, with estimates ranging from $478.00 million to $497.34 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Cyberark Software.
Cyberark Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 14th. The technology company reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.30. Cyberark Software had a return on equity of 12.24% and a net margin of 13.72%. The company had revenue of $109.10 million during the quarter, compared to the consensus estimate of $95.94 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s revenue was up 35.7% compared to the same quarter last year.
CYBR has been the subject of several analyst reports. Morgan Stanley set a $126.00 target price on Cyberark Software and gave the stock a “buy” rating in a research report on Friday, February 15th. Evercore ISI reaffirmed a “buy” rating and issued a $96.00 target price on shares of Cyberark Software in a research report on Wednesday, February 13th. BidaskClub downgraded Cyberark Software from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 11th. FBN Securities initiated coverage on Cyberark Software in a research report on Tuesday, March 19th. They issued an “outperform” rating and a $130.00 target price for the company. Finally, Barclays reaffirmed a “hold” rating and issued a $112.00 target price on shares of Cyberark Software in a research report on Friday, February 15th. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $95.10.
Several large investors have recently added to or reduced their stakes in CYBR. Cerebellum GP LLC acquired a new stake in Cyberark Software during the fourth quarter valued at approximately $41,000. Optimum Investment Advisors acquired a new stake in Cyberark Software during the fourth quarter valued at approximately $44,000. Quantamental Technologies LLC acquired a new stake in Cyberark Software during the fourth quarter valued at approximately $59,000. Valeo Financial Advisors LLC raised its stake in Cyberark Software by 910.0% during the first quarter. Valeo Financial Advisors LLC now owns 505 shares of the technology company’s stock valued at $60,000 after buying an additional 455 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Cyberark Software by 1,300.0% during the first quarter. Bank of Montreal Can now owns 700 shares of the technology company’s stock valued at $84,000 after buying an additional 650 shares in the last quarter. Institutional investors and hedge funds own 77.59% of the company’s stock.
Shares of NASDAQ CYBR traded up $2.84 on Monday, hitting $127.57. The company had a trading volume of 485,048 shares, compared to its average volume of 906,730. Cyberark Software has a 12-month low of $54.18 and a 12-month high of $127.65. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 89.21, a PEG ratio of 5.54 and a beta of 1.87.
Cyberark Software Company Profile
CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.
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