Cyberark Software (CYBR) Updates Q4 Earnings Guidance

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Cyberark Software (NASDAQ:CYBR) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.58-0.60 for the period, compared to the Thomson Reuters consensus estimate of $0.51. The company issued revenue guidance of $94.75 -96.25 million, compared to the consensus revenue estimate of $94.92 million.Cyberark Software also updated its FY 2018 guidance to $1.75-1.77 EPS.

Several equities analysts have recently commented on the stock. Oppenheimer upped their price objective on shares of Cyberark Software from $65.00 to $75.00 and gave the stock an outperform rating in a report on Wednesday, August 8th. Stifel Nicolaus restated a buy rating and issued a $70.00 price objective on shares of Cyberark Software in a report on Thursday, August 9th. BidaskClub upgraded shares of Cyberark Software from a buy rating to a strong-buy rating in a report on Tuesday, August 14th. Piper Jaffray Companies upped their price objective on shares of Cyberark Software to $90.00 and gave the stock an overweight rating in a report on Monday, September 17th. Finally, TheStreet upgraded shares of Cyberark Software from a c+ rating to a b- rating in a report on Thursday, August 9th. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $73.88.

Cyberark Software stock traded up $3.89 during mid-day trading on Wednesday, reaching $71.70. 1,303,196 shares of the company’s stock were exchanged, compared to its average volume of 473,464. The firm has a market cap of $2.42 billion, a PE ratio of 98.22, a price-to-earnings-growth ratio of 4.51 and a beta of 2.08. Cyberark Software has a twelve month low of $40.63 and a twelve month high of $81.24.

Cyberark Software (NASDAQ:CYBR) last released its earnings results on Tuesday, August 7th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.12. The company had revenue of $77.71 million for the quarter, compared to analyst estimates of $72.93 million. Cyberark Software had a net margin of 6.80% and a return on equity of 7.67%. Analysts predict that Cyberark Software will post 0.76 EPS for the current year.

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

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