Equities analysts expect Cyberark Software Ltd (NASDAQ:CYBR) to report $0.36 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Cyberark Software’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.34. Cyberark Software posted earnings per share of $0.41 during the same quarter last year, which would indicate a negative year-over-year growth rate of 12.2%. The business is expected to announce its next earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Cyberark Software will report full year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.11. For the next financial year, analysts forecast that the business will post earnings of $1.31 per share, with EPS estimates ranging from $1.16 to $1.37. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Cyberark Software.
Several research analysts have commented on the company. BidaskClub lowered Cyberark Software from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Monness Crespi & Hardt assumed coverage on Cyberark Software in a research report on Monday, December 18th. They issued a “neutral” rating on the stock. Zacks Investment Research raised Cyberark Software from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Wednesday, November 8th. Piper Jaffray Companies reissued a “buy” rating and issued a $50.00 price objective on shares of Cyberark Software in a research report on Friday, November 3rd. Finally, UBS Group cut their price objective on Cyberark Software from $52.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $49.69.
Cyberark Software (NASDAQ:CYBR) opened at $41.39 on Friday. Cyberark Software has a 52-week low of $39.34 and a 52-week high of $55.65. The company has a market capitalization of $1,462.27, a PE ratio of 65.70, a price-to-earnings-growth ratio of 3.45 and a beta of 2.59.
Institutional investors have recently made changes to their positions in the company. Nicholas Company Inc. grew its stake in shares of Cyberark Software by 15.6% during the second quarter. Nicholas Company Inc. now owns 106,835 shares of the technology company’s stock valued at $5,336,000 after acquiring an additional 14,385 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in Cyberark Software in the second quarter worth about $8,521,000. Bridgecreek Investment Management LLC acquired a new position in Cyberark Software in the third quarter worth about $1,713,000. Matrix Capital Management Company LP acquired a new position in Cyberark Software in the second quarter worth about $74,650,000. Finally, Cipher Capital LP acquired a new position in Cyberark Software in the third quarter worth about $3,184,000. Institutional investors own 75.79% of the company’s stock.
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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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