$103.06 Million in Sales Expected for Cyberark Software Ltd (NASDAQ:CYBR) This Quarter

Brokerages predict that Cyberark Software Ltd (NASDAQ:CYBR) will post sales of $103.06 million for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Cyberark Software’s earnings. The highest sales estimate is $103.70 million and the lowest is $102.38 million. Cyberark Software reported sales of $84.65 million in the same quarter last year, which would suggest a positive year over year growth rate of 21.7%. The business is expected to report its next quarterly earnings report on Wednesday, November 6th.

On average, analysts expect that Cyberark Software will report full year sales of $421.52 million for the current year, with estimates ranging from $420.67 million to $423.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $497.78 million, with estimates ranging from $488.00 million to $508.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Cyberark Software.

Cyberark Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.34. The firm had revenue of $100.18 million for the quarter, compared to analyst estimates of $97.35 million. Cyberark Software had a return on equity of 13.47% and a net margin of 15.23%. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share.

Several analysts have issued reports on the company. JMP Securities restated an “outperform” rating and issued a $135.00 price objective (up previously from $130.00) on shares of Cyberark Software in a research note on Tuesday, May 14th. ValuEngine lowered Cyberark Software from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. set a $160.00 target price on Cyberark Software and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Zacks Investment Research upgraded Cyberark Software from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research note on Tuesday, August 13th. Finally, Mizuho set a $145.00 price objective on Cyberark Software and gave the stock a “buy” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $124.52.

NASDAQ:CYBR traded down $1.87 on Thursday, hitting $117.83. The company’s stock had a trading volume of 674,229 shares, compared to its average volume of 907,750. The stock has a fifty day moving average of $130.31 and a two-hundred day moving average of $121.43. The firm has a market capitalization of $4.48 billion, a P/E ratio of 82.40, a price-to-earnings-growth ratio of 5.69 and a beta of 1.58. Cyberark Software has a one year low of $64.66 and a one year high of $148.74.

Several hedge funds have recently modified their holdings of CYBR. Geode Capital Management LLC boosted its holdings in shares of Cyberark Software by 29.1% during the 4th quarter. Geode Capital Management LLC now owns 46,974 shares of the technology company’s stock valued at $3,482,000 after acquiring an additional 10,592 shares in the last quarter. Valeo Financial Advisors LLC raised its position in Cyberark Software by 910.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 505 shares of the technology company’s stock worth $60,000 after purchasing an additional 455 shares during the last quarter. Wedbush Securities Inc. bought a new position in Cyberark Software during the 1st quarter worth $214,000. Bfsg LLC bought a new position in Cyberark Software during the 1st quarter worth $429,000. Finally, Nkcfo LLC bought a new position in Cyberark Software during the 1st quarter worth $345,000. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

Cyberark Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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Earnings History and Estimates for Cyberark Software (NASDAQ:CYBR)

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