Equities analysts predict that Cyberark Software Ltd (NASDAQ:CYBR) will post $97.21 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Cyberark Software’s earnings. The lowest sales estimate is $96.87 million and the highest is $98.00 million. Cyberark Software reported sales of $77.71 million during the same quarter last year, which indicates a positive year-over-year growth rate of 25.1%. The business is scheduled to issue its next earnings results on Tuesday, August 6th.

On average, analysts expect that Cyberark Software will report full year sales of $417.83 million for the current financial year, with estimates ranging from $416.31 million to $419.00 million. For the next fiscal year, analysts anticipate that the firm will report sales of $494.17 million, with estimates ranging from $484.00 million to $503.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Cyberark Software.

Cyberark Software (NASDAQ:CYBR) last issued its earnings results on Tuesday, May 14th. The technology company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.33. The business had revenue of $95.94 million for the quarter, compared to the consensus estimate of $92.42 million. Cyberark Software had a net margin of 14.79% and a return on equity of 12.73%. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS.

A number of brokerages have commented on CYBR. BidaskClub downgraded shares of Cyberark Software from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Berenberg Bank began coverage on shares of Cyberark Software in a research note on Friday, May 31st. They issued a “buy” rating and a $155.00 target price on the stock. Morgan Stanley upped their target price on shares of Cyberark Software from $133.00 to $146.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Mizuho upped their target price on shares of Cyberark Software from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Finally, Citigroup upped their target price on shares of Cyberark Software from $111.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $109.81.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its stake in shares of Cyberark Software by 2,490.0% during the first quarter. Advisory Services Network LLC now owns 259 shares of the technology company’s stock valued at $31,000 after purchasing an additional 249 shares in the last quarter. Global Retirement Partners LLC lifted its position in Cyberark Software by 100.0% during the first quarter. Global Retirement Partners LLC now owns 400 shares of the technology company’s stock valued at $48,000 after acquiring an additional 200 shares during the last quarter. Duncker Streett & Co. Inc. purchased a new stake in Cyberark Software during the first quarter valued at approximately $60,000. Valeo Financial Advisors LLC lifted its position in Cyberark Software by 910.0% during the first quarter. Valeo Financial Advisors LLC now owns 505 shares of the technology company’s stock valued at $60,000 after acquiring an additional 455 shares during the last quarter. Finally, Optimum Investment Advisors purchased a new stake in Cyberark Software during the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 72.56% of the company’s stock.

CYBR stock traded up $1.99 during mid-day trading on Friday, reaching $132.49. The company had a trading volume of 556,444 shares, compared to its average volume of 961,411. The company has a market capitalization of $4.91 billion, a P/E ratio of 92.65, a P/E/G ratio of 6.86 and a beta of 1.72. Cyberark Software has a 12 month low of $59.02 and a 12 month high of $138.73.

Cyberark Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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Earnings History and Estimates for Cyberark Software (NASDAQ:CYBR)

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