Cyberark Software Ltd to Post Q1 2020 Earnings of $0.11 Per Share, Piper Jaffray Companies Forecasts (CYBR)
Cyberark Software Ltd (NASDAQ:CYBR) – Stock analysts at Piper Jaffray Companies issued their Q1 2020 EPS estimates for Cyberark Software in a research note issued on Thursday, November 8th. Piper Jaffray Companies analyst A. Nowinski anticipates that the technology company will post earnings per share of $0.11 for the quarter. Piper Jaffray Companies currently has a “Overweight” rating and a $90.00 target price on the stock. Piper Jaffray Companies also issued estimates for Cyberark Software’s Q2 2020 earnings at $0.15 EPS and Q3 2020 earnings at $0.19 EPS.
Other equities analysts also recently issued research reports about the stock. Needham & Company LLC increased their price target on shares of Cyberark Software to $80.00 and gave the stock an “average” rating in a report on Tuesday, July 17th. They noted that the move was a valuation call. TheStreet upgraded shares of Cyberark Software from a “c+” rating to a “b-” rating in a report on Thursday, August 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 price target on shares of Cyberark Software in a report on Thursday, August 9th. Dougherty & Co increased their price target on shares of Cyberark Software from $64.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. Finally, UBS Group increased their price target on shares of Cyberark Software from $71.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $78.94.
Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.21. Cyberark Software had a net margin of 8.41% and a return on equity of 9.38%. The firm had revenue of $84.70 million for the quarter, compared to the consensus estimate of $78.82 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 30.7% compared to the same quarter last year.
Institutional investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale boosted its position in Cyberark Software by 130.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,845 shares of the technology company’s stock worth $136,000 after purchasing an additional 1,045 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Cyberark Software in the 3rd quarter worth approximately $149,000. Sawtooth Solutions LLC purchased a new stake in Cyberark Software in the 3rd quarter worth approximately $207,000. Winslow Evans & Crocker Inc. purchased a new stake in Cyberark Software in the 3rd quarter worth approximately $214,000. Finally, FundX Investment Group LLC purchased a new stake in Cyberark Software in the 2nd quarter worth approximately $220,000. Institutional investors and hedge funds own 80.30% of the company’s stock.
About Cyberark Software
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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