Cyberark Software (CYBR) Releases FY 2019 Earnings Guidance

Cyberark Software (NASDAQ:CYBR) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.94-2.00 for the period, compared to the Thomson Reuters consensus estimate of $1.94. The company issued revenue guidance of $411-415 million, compared to the consensus revenue estimate of $393.39 million.Cyberark Software also updated its Q1 2019 guidance to $0.39-0.42 EPS.

Several brokerages recently commented on CYBR. Evercore ISI reaffirmed a buy rating and set a $96.00 price target on shares of Cyberark Software in a research report on Wednesday. BidaskClub downgraded shares of Cyberark Software from a strong-buy rating to a buy rating in a research note on Friday, January 11th. Oppenheimer boosted their price objective on shares of Cyberark Software from $75.00 to $89.00 and gave the stock an outperform rating in a research note on Thursday, November 8th. Wedbush reiterated an outperform rating and set a $95.00 price objective on shares of Cyberark Software in a research note on Thursday, November 8th. Finally, Morgan Stanley set a $95.00 price objective on shares of Cyberark Software and gave the stock a buy rating in a research note on Thursday, November 8th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Cyberark Software presently has an average rating of Buy and an average target price of $80.80.

CYBR opened at $86.38 on Thursday. Cyberark Software has a 52-week low of $44.14 and a 52-week high of $91.49. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 118.33, a price-to-earnings-growth ratio of 4.47 and a beta of 1.79.

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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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