CyberArk Software Ltd. (CYBR) Expected to Post Quarterly Sales of $62.58 Million
Equities research analysts expect that CyberArk Software Ltd. (NASDAQ:CYBR) will report $62.58 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for CyberArk Software’s earnings. The lowest sales estimate is $62.45 million and the highest is $62.80 million. CyberArk Software posted sales of $54.96 million during the same quarter last year, which suggests a positive year over year growth rate of 13.9%. The company is expected to announce its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that CyberArk Software will report full year sales of $62.58 million for the current fiscal year, with estimates ranging from $253.00 million to $255.60 million. For the next year, analysts forecast that the company will post sales of $304.27 million per share, with estimates ranging from $293.80 million to $319.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover CyberArk Software.
Several analysts have weighed in on CYBR shares. Stifel Nicolaus reissued a “buy” rating and set a $55.00 price objective (down from $62.00) on shares of CyberArk Software in a report on Friday, July 14th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $51.00 target price (down from $61.00) on shares of CyberArk Software in a report on Friday, July 14th. ValuEngine downgraded CyberArk Software from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Imperial Capital dropped their price target on CyberArk Software from $55.00 to $42.00 and set an “in-line” rating on the stock in a research report on Friday, July 14th. Finally, BidaskClub raised shares of CyberArk Software from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $50.60.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Credit Suisse AG increased its position in shares of CyberArk Software by 17.9% during the first quarter. Credit Suisse AG now owns 210,016 shares of the technology company’s stock worth $10,684,000 after acquiring an additional 31,889 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in CyberArk Software by 61.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 82,640 shares of the technology company’s stock valued at $4,204,000 after purchasing an additional 31,532 shares during the last quarter. Nicholas Company Inc. boosted its stake in CyberArk Software by 15.6% during the 2nd quarter. Nicholas Company Inc. now owns 106,835 shares of the technology company’s stock valued at $5,336,000 after purchasing an additional 14,385 shares during the last quarter. Nationwide Fund Advisors boosted its stake in CyberArk Software by 30.2% during the 1st quarter. Nationwide Fund Advisors now owns 24,570 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 5,700 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in CyberArk Software during the 2nd quarter valued at about $8,521,000. Hedge funds and other institutional investors own 80.47% of the company’s stock.
Shares of CyberArk Software (NASDAQ:CYBR) traded up 1.46% during trading on Friday, reaching $41.71. The company’s stock had a trading volume of 694,316 shares. CyberArk Software has a 12 month low of $39.34 and a 12 month high of $56.25. The company’s 50-day moving average is $41.13 and its 200-day moving average is $46.59. The company has a market capitalization of $1.23 billion, a P/E ratio of 53.54 and a beta of 2.57.
CyberArk Software Company Profile
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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