CyberArk Software Ltd. (NASDAQ:CYBR) Updates FY17 Earnings Guidance
CyberArk Software Ltd. (NASDAQ:CYBR) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.02-1.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.08. The company issued revenue guidance of $253-256 million, compared to the consensus revenue estimate of $255.33 million.CyberArk Software also updated its Q3 guidance to $0.17-0.19 EPS.
Shares of CyberArk Software Ltd. (NASDAQ CYBR) traded down 1.25% on Tuesday, reaching $40.20. The company had a trading volume of 1,304,114 shares. The company has a 50-day moving average price of $46.15 and a 200-day moving average price of $49.79. The firm has a market cap of $1.19 billion, a P/E ratio of 46.21 and a beta of 2.57. CyberArk Software Ltd. has a one year low of $39.96 and a one year high of $59.28.
CyberArk Software (NASDAQ:CYBR) last released its earnings results on Tuesday, August 8th. The technology company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $57.48 million during the quarter, compared to the consensus estimate of $57.44 million. CyberArk Software had a return on equity of 10.77% and a net margin of 13.70%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 earnings per share. On average, analysts expect that CyberArk Software Ltd. will post $1.08 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on CYBR. Summit Redstone downgraded CyberArk Software from a buy rating to a hold rating and set a $50.00 target price for the company. in a research report on Friday, May 12th. Bank of America Corporation downgraded CyberArk Software from a buy rating to an underperform rating and dropped their target price for the stock from $62.00 to $43.00 in a research report on Friday, May 12th. Imperial Capital downgraded CyberArk Software from an outperform rating to an in-line rating and dropped their target price for the stock from $63.00 to $55.00 in a research report on Friday, May 12th. Evercore ISI restated an in-line rating and set a $60.00 target price on shares of CyberArk Software in a research report on Friday, May 12th. Finally, Piper Jaffray Companies dropped their target price on CyberArk Software from $63.00 to $61.00 and set an overweight rating for the company in a research report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $51.17.
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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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