$0.38 EPS Expected for Cyberark Software Ltd (NASDAQ:CYBR) This Quarter

Analysts predict that Cyberark Software Ltd (NASDAQ:CYBR) will post $0.38 earnings per share for the current quarter, according to Zacks. Eight analysts have provided estimates for Cyberark Software’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.45. Cyberark Software posted earnings per share of $0.56 during the same quarter last year, which indicates a negative year-over-year growth rate of 32.1%. The firm is expected to announce its next earnings results on Tuesday, May 12th.

According to Zacks, analysts expect that Cyberark Software will report full year earnings of $2.19 per share for the current financial year, with EPS estimates ranging from $1.90 to $2.40. For the next fiscal year, analysts expect that the firm will report earnings of $2.66 per share, with EPS estimates ranging from $2.33 to $3.10. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Cyberark Software.

Cyberark Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.16. The company had revenue of $129.66 million during the quarter, compared to the consensus estimate of $126.67 million. Cyberark Software had a net margin of 14.53% and a return on equity of 11.59%. Cyberark Software’s revenue was up 18.9% compared to the same quarter last year. During the same period last year, the firm earned $0.89 earnings per share.

CYBR has been the subject of several recent analyst reports. UBS Group lowered their target price on shares of Cyberark Software from $128.00 to $123.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Zacks Investment Research cut shares of Cyberark Software from a “hold” rating to a “strong sell” rating and set a $126.00 price target for the company. in a report on Thursday, February 20th. Needham & Company LLC cut shares of Cyberark Software from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. ValuEngine raised shares of Cyberark Software from a “hold” rating to a “buy” rating in a report on Tuesday, March 3rd. Finally, Piper Sandler raised shares of Cyberark Software from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $125.00 to $110.00 in a report on Sunday, March 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company. Cyberark Software has an average rating of “Buy” and a consensus target price of $130.52.

CYBR traded up $1.79 during trading on Friday, hitting $81.73. The stock had a trading volume of 674,290 shares, compared to its average volume of 847,184. The company has a market capitalization of $3.06 billion, a PE ratio of 50.45, a PEG ratio of 7.29 and a beta of 1.27. Cyberark Software has a twelve month low of $69.50 and a twelve month high of $148.74. The company has a debt-to-equity ratio of 0.78, a quick ratio of 5.95 and a current ratio of 5.95. The stock has a 50 day simple moving average of $99.02 and a two-hundred day simple moving average of $112.97.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CYBR. Stifel Financial Corp grew its position in shares of Cyberark Software by 6.4% in the third quarter. Stifel Financial Corp now owns 16,331 shares of the technology company’s stock valued at $1,618,000 after purchasing an additional 978 shares during the period. Voloridge Investment Management LLC acquired a new stake in shares of Cyberark Software in the third quarter valued at about $1,639,000. Tocqueville Asset Management L.P. acquired a new stake in shares of Cyberark Software in the fourth quarter valued at about $1,730,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Cyberark Software in the fourth quarter valued at about $1,713,000. Finally, Alpine Woods Capital Investors LLC acquired a new stake in shares of Cyberark Software in the fourth quarter valued at about $699,000. 84.37% of the stock is owned by institutional investors.

About Cyberark Software

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.

Recommended Story: Trade War

Get a free copy of the Zacks research report on Cyberark Software (CYBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cyberark Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cyberark Software and related companies with MarketBeat.com's FREE daily email newsletter.