Zacks: Brokerages Anticipate Cyberark Software Ltd (NASDAQ:CYBR) to Post $0.80 Earnings Per Share

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Equities research analysts predict that Cyberark Software Ltd (NASDAQ:CYBR) will post earnings per share of $0.80 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Cyberark Software’s earnings, with estimates ranging from $0.79 to $0.81. Cyberark Software posted earnings of $0.89 per share in the same quarter last year, which would indicate a negative year over year growth rate of 10.1%. The firm is expected to report its next quarterly earnings report before the market opens on Wednesday, February 12th.

On average, analysts expect that Cyberark Software will report full year earnings of $2.60 per share for the current financial year, with EPS estimates ranging from $2.59 to $2.61. For the next year, analysts anticipate that the business will post earnings of $2.71 per share, with EPS estimates ranging from $2.56 to $3.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Cyberark Software.

Cyberark Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.18. Cyberark Software had a return on equity of 12.94% and a net margin of 16.09%. The firm had revenue of $108.12 million for the quarter, compared to analysts’ expectations of $103.04 million. During the same period in the previous year, the firm posted $0.48 earnings per share. The business’s revenue was up 27.7% compared to the same quarter last year.

CYBR has been the topic of several research reports. First Analysis cut Cyberark Software from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $143.00 to $154.00 in a report on Tuesday, January 14th. BidaskClub raised Cyberark Software from a “hold” rating to a “buy” rating in a research note on Saturday, January 11th. Evercore ISI set a $140.00 price objective on Cyberark Software and gave the stock a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. reissued a “buy” rating and set a $163.00 price objective on shares of Cyberark Software in a research note on Thursday, November 7th. Finally, Morgan Stanley boosted their price objective on Cyberark Software from $149.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $139.63.

Shares of CYBR stock traded down $0.54 during trading hours on Friday, hitting $140.00. The stock had a trading volume of 641,480 shares, compared to its average volume of 631,630. Cyberark Software has a one year low of $74.86 and a one year high of $148.74. The stock’s 50-day moving average price is $123.77 and its two-hundred day moving average price is $117.82. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 80.92, a PEG ratio of 5.66 and a beta of 1.59.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley boosted its holdings in shares of Cyberark Software by 486.5% in the second quarter. Morgan Stanley now owns 2,050,413 shares of the technology company’s stock valued at $262,126,000 after purchasing an additional 1,700,819 shares during the period. BlackRock Inc. boosted its holdings in shares of Cyberark Software by 87.6% in the second quarter. BlackRock Inc. now owns 1,295,355 shares of the technology company’s stock valued at $165,599,000 after purchasing an additional 604,804 shares during the period. Invesco Ltd. boosted its holdings in shares of Cyberark Software by 684.4% in the second quarter. Invesco Ltd. now owns 1,099,810 shares of the technology company’s stock valued at $140,599,000 after purchasing an additional 959,601 shares during the period. TimesSquare Capital Management LLC purchased a new stake in shares of Cyberark Software in the third quarter valued at approximately $36,624,000. Finally, First Trust Advisors LP boosted its holdings in shares of Cyberark Software by 37.7% in the third quarter. First Trust Advisors LP now owns 269,511 shares of the technology company’s stock valued at $26,903,000 after purchasing an additional 73,855 shares during the period. 79.44% of the stock is currently owned by hedge funds and other institutional investors.

About Cyberark Software

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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