Oppenheimer Holdings Comments on CyberArk Software Ltd.’s Q4 2017 Earnings (NASDAQ:CYBR)
CyberArk Software Ltd. (NASDAQ:CYBR) – Research analysts at Oppenheimer Holdings upped their Q4 2017 earnings per share (EPS) estimates for shares of CyberArk Software in a report released on Wednesday. Oppenheimer Holdings analyst S. Eyal now expects that the technology company will post earnings of $0.24 per share for the quarter, up from their previous estimate of $0.18. Oppenheimer Holdings has a “Outperform” rating and a $51.00 price objective on the stock. Oppenheimer Holdings also issued estimates for CyberArk Software’s Q3 2018 earnings at $0.09 EPS, FY2018 earnings at $0.67 EPS and FY2019 earnings at $0.83 EPS.
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A number of other research firms have also recently weighed in on CYBR. Vetr cut shares of CyberArk Software from a “strong-buy” rating to a “buy” rating and set a $60.34 target price on the stock. in a research note on Thursday, April 27th. Evercore ISI reissued an “in-line” rating and issued a $60.00 target price on shares of CyberArk Software in a research note on Friday, May 12th. Bank of America Corporation cut shares of CyberArk Software from a “buy” rating to an “underperform” rating and lowered their target price for the company from $62.00 to $43.00 in a research note on Friday, May 12th. Summit Redstone cut shares of CyberArk Software from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research note on Friday, May 12th. Finally, Piper Jaffray Companies decreased their price objective on shares of CyberArk Software from $63.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday, May 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $51.17.
CyberArk Software (NASDAQ:CYBR) opened at 40.07 on Monday. The firm has a 50-day moving average of $44.90 and a 200-day moving average of $49.41. CyberArk Software has a one year low of $39.57 and a one year high of $59.28. The company has a market cap of $1.19 billion, a PE ratio of 51.44 and a beta of 2.57.
Institutional investors have recently made changes to their positions in the stock. Epoch Investment Partners Inc. purchased a new stake in CyberArk Software during the second quarter valued at $37,195,000. Senvest Management LLC purchased a new stake in CyberArk Software during the second quarter valued at $10,714,000. Advisor Group Inc. raised its stake in CyberArk Software by 6.4% in the second quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock valued at $193,000 after buying an additional 232 shares during the period. Vanguard Group Inc. raised its stake in CyberArk Software by 59.5% in the second quarter. Vanguard Group Inc. now owns 18,495 shares of the technology company’s stock valued at $924,000 after buying an additional 6,897 shares during the period. Finally, Northern Trust Corp raised its stake in CyberArk Software by 25.9% in the second quarter. Northern Trust Corp now owns 86,093 shares of the technology company’s stock valued at $4,300,000 after buying an additional 17,695 shares during the period. Institutional investors and hedge funds own 77.27% of the company’s stock.
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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