Wall Street analysts predict that CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) will post sales of $138.95 million for the current fiscal quarter, according to Zacks. Eight analysts have released earnings estimates for CyberArk Software. The highest sales estimate is $141.00 million and the lowest is $138.00 million. CyberArk Software recorded sales of $117.23 million in the same quarter last year, suggesting a positive year-over-year growth rate of 18.5%. The company is expected to release its next quarterly results on Monday, January 1.
On average, analysts expect CyberArk Software to report annual sales of $592.50 million for the current year, with estimates ranging from $589.45 million to $598.50 million. For next year, analysts expect the company to post sales of $721.37 million, with estimates ranging from $692.80 to $744.60 million. Zacks sales averages are an average based on a survey of analysts who follow CyberArk Software.
CyberArk Software (NASDAQ:CYBR – Get Rating) last announced its quarterly results on Thursday, May 12. The technology company reported ($0.30) earnings per share for the quarter, beating analyst consensus estimates of ($0.31) by $0.01. CyberArk Software had a negative return on equity of 12.64% and a negative net margin of 20.58%. The company posted revenue of $127.60 million for the quarter, versus a consensus estimate of $130.43 million. In the same quarter of the previous year, the company had earned a profit per share of ($0.28). The company’s revenues increased by 13.1% compared to the same quarter last year.
A number of brokerages have recently released reports on CYBR. KeyCorp began covering CyberArk Software in a report on Monday, April 4. They set an “overweight” rating and a price target of $217.00 for the company. JMP Securities began covering CyberArk Software in a report on Tuesday, February 22. They set a “buy” rating and a price target of $175.00 for the company. Morgan Stanley raised its price target on CyberArk Software from $186.00 to $191.00 and gave the stock an “overweight” rating in a Friday, February 11 report. Wells Fargo & Company reduced its price target on CyberArk Software from $170.00 to $125.00 in a Friday, May 13 research note. Finally, Wedbush reduced its price target on CyberArk Software from $195.00 to $150.00 in a Friday, May 13 research note. Three research analysts gave the stock a hold rating and fifteen gave the company’s stock a buy rating. According to data from MarketBeat.com, CyberArk Software has an average rating of “Buy” and an average target price of $180.72.
NASDAQ:CYBR shares opened at $132.22 on Wednesday. CyberArk Software has a 12-month minimum of $100.35 and a 12-month maximum of $201.68. The stock has a market capitalization of $5.29 billion, a PE ratio of -49.52 and a beta of 1.24. The company has a 50-day moving average of $154.78 and a 200-day moving average of $158.01. The company has a quick ratio of 3.07, a current ratio of 3.07 and a leverage ratio of 0.85.
Several large investors have recently changed their positions in CYBR. EverSource Wealth Advisors LLC acquired a new position in shares of CyberArk Software during the fourth quarter worth $26,000. Parallel Advisors LLC increased its equity stake in CyberArk Software by 77.2% during the first quarter. Parallel Advisors LLC now owns 163 shares of the technology company worth $28,000 after buying 71 additional shares in the last quarter. Endurance Wealth Management Inc. acquired a new position in CyberArk Software stock during the first quarter worth $42,000. Future Financial Wealth Management LLC acquired a new position in shares of CyberArk Software during the fourth quarter worth $51,000. Finally, Private Capital Group LLC acquired a new position in shares of CyberArk Software during the fourth quarter at a value of $72,000. Institutional investors hold 89.52% of the company’s shares.
About CyberArk Software (Get a rating)
CyberArk Software Ltd., together with its subsidiaries, develops, markets and sells software-based security solutions and services in the United States, Europe, the Middle East, Africa and internationally. Its solutions include Privileged Access Manager which provides risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces the risk of excessive privileges by implementing least privilege in cloud environments.
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