Wall Street brokerages expect CyberArk Software Ltd. (NASDAQ:CYBR) to report earnings per share of $0.13 for the current quarter, according to Zacks. Seven analysts have made estimates for CyberArk Software’s earnings. The highest EPS estimate is $0.13 and the lowest is $0.12. CyberArk Software posted earnings of $0.21 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 38.1%. The business is expected to announce its next earnings report on Tuesday, August 8th.
On average, analysts expect that CyberArk Software will report full year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.72. For the next year, analysts expect that the firm will report earnings of $0.84 per share, with EPS estimates ranging from $0.74 to $0.93. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow CyberArk Software.
A number of equities research analysts have issued reports on the company. Bank of America Corporation downgraded CyberArk Software from a “buy” rating to an “underperform” rating and cut their price target for the company from $62.00 to $43.00 in a research note on Friday, May 12th. Vetr downgraded CyberArk Software from a “strong-buy” rating to a “buy” rating and set a $60.34 price target for the company. in a research note on Thursday, April 27th. Evercore ISI restated an “in-line” rating and set a $60.00 price target on shares of CyberArk Software in a research note on Friday, May 12th. Piper Jaffray Companies cut their price target on CyberArk Software from $63.00 to $61.00 and set an “overweight” rating for the company in a research note on Friday, May 12th. Finally, Goldman Sachs Group, Inc. (The) upgraded CyberArk Software from a “neutral” rating to a “buy” rating and boosted their price target for the company from $57.00 to $64.00 in a research note on Thursday, March 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $57.43.
A number of hedge funds and other institutional investors have recently bought and sold shares of CYBR. Russell Investments Group Ltd. acquired a new position in CyberArk Software during the fourth quarter worth approximately $801,000. Commerzbank Aktiengesellschaft FI acquired a new position in CyberArk Software during the fourth quarter worth approximately $223,000. State Street Corp boosted its position in CyberArk Software by 4.4% in the fourth quarter. State Street Corp now owns 107,840 shares of the technology company’s stock worth $4,906,000 after buying an additional 4,522 shares in the last quarter. Van ECK Associates Corp boosted its position in CyberArk Software by 4.3% in the fourth quarter. Van ECK Associates Corp now owns 7,575 shares of the technology company’s stock worth $345,000 after buying an additional 314 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in CyberArk Software during the fourth quarter worth approximately $221,000. 78.16% of the stock is currently owned by institutional investors.
CyberArk Software (NASDAQ:CYBR) traded up 0.45% during trading on Monday, reaching $49.59. 391,106 shares of the company traded hands. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 57.00 and a beta of 2.66. The company’s 50-day moving average price is $49.58 and its 200 day moving average price is $50.31. CyberArk Software has a 52 week low of $44.13 and a 52 week high of $59.28.
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About CyberArk Software
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.
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