Zacks: Analysts Expect Cyberark Software Ltd (CYBR) Will Announce Earnings of $0.27 Per Share

Brokerages expect Cyberark Software Ltd (NASDAQ:CYBR) to post earnings of $0.27 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Cyberark Software’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.28. Cyberark Software posted earnings per share of $0.25 during the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, November 7th.

According to Zacks, analysts expect that Cyberark Software will report full year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.45 to $1.49. For the next year, analysts forecast that the company will report earnings of $1.72 per share, with EPS estimates ranging from $1.59 to $1.86. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Cyberark Software.

Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.24 by $0.12. The firm had revenue of $77.71 million for the quarter, compared to the consensus estimate of $72.93 million. Cyberark Software had a net margin of 6.80% and a return on equity of 7.67%.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of Cyberark Software from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Tuesday, July 3rd. Oppenheimer lifted their price target on shares of Cyberark Software from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 8th. Stifel Nicolaus reissued a “buy” rating and set a $70.00 price target on shares of Cyberark Software in a research note on Thursday, August 9th. BidaskClub raised shares of Cyberark Software from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 14th. Finally, Piper Jaffray Companies lifted their price target on shares of Cyberark Software to $90.00 and gave the stock an “overweight” rating in a research note on Monday, September 17th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Cyberark Software has a consensus rating of “Buy” and a consensus target price of $73.25.

CYBR stock opened at $71.73 on Wednesday. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 98.26, a price-to-earnings-growth ratio of 5.30 and a beta of 2.06. Cyberark Software has a one year low of $40.63 and a one year high of $81.24.

Several hedge funds and other institutional investors have recently modified their holdings of CYBR. Macquarie Group Ltd. increased its position in Cyberark Software by 5.5% during the 2nd quarter. Macquarie Group Ltd. now owns 33,929 shares of the technology company’s stock valued at $2,136,000 after purchasing an additional 1,760 shares during the period. Asset Management One Co. Ltd. increased its position in Cyberark Software by 43.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 7,260 shares of the technology company’s stock valued at $370,000 after purchasing an additional 2,190 shares during the period. Winslow Evans & Crocker Inc. purchased a new position in Cyberark Software during the 3rd quarter valued at $214,000. Stanley Laman Group Ltd. increased its position in Cyberark Software by 8.6% during the 2nd quarter. Stanley Laman Group Ltd. now owns 34,871 shares of the technology company’s stock valued at $2,195,000 after purchasing an additional 2,775 shares during the period. Finally, Swiss National Bank increased its position in Cyberark Software by 5.2% during the 2nd quarter. Swiss National Bank now owns 60,500 shares of the technology company’s stock valued at $3,809,000 after purchasing an additional 3,000 shares during the period. 76.90% of the stock is currently owned by institutional investors.

About Cyberark Software

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

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