Analysts forecast that CyberArk Software Ltd. (NASDAQ:CYBR) will announce sales of $75.60 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for CyberArk Software’s earnings, with the lowest sales estimate coming in at $75.25 million and the highest estimate coming in at $76.00 million. CyberArk Software reported sales of $64.36 million during the same quarter last year, which indicates a positive year-over-year growth rate of 17.5%. The business is expected to announce its next quarterly earnings report on Thursday, February 8th.
According to Zacks, analysts expect that CyberArk Software will report full year sales of $75.60 million for the current fiscal year, with estimates ranging from $254.46 million to $257.30 million. For the next year, analysts anticipate that the firm will post sales of $305.85 million per share, with estimates ranging from $299.95 million to $314.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that follow CyberArk Software.
CYBR has been the subject of several recent analyst reports. Zacks Investment Research upgraded CyberArk Software from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Evercore ISI reiterated a “buy” rating and set a $56.00 price target (down previously from $60.00) on shares of CyberArk Software in a research note on Friday, July 14th. J P Morgan Chase & Co downgraded CyberArk Software from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $63.00 to $45.00 in a research note on Friday, July 14th. ValuEngine downgraded CyberArk Software from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, BidaskClub cut CyberArk Software from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $49.91.
Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in CyberArk Software in the 1st quarter valued at approximately $102,000. BNP Paribas Arbitrage SA raised its holdings in CyberArk Software by 198.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,796 shares of the technology company’s stock valued at $190,000 after acquiring an additional 2,524 shares in the last quarter. Advisor Group Inc. raised its holdings in CyberArk Software by 6.4% in the 2nd quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock valued at $193,000 after acquiring an additional 232 shares in the last quarter. Legal & General Group Plc acquired a new position in CyberArk Software in the 1st quarter valued at approximately $250,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in CyberArk Software by 26.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,998 shares of the technology company’s stock valued at $250,000 after acquiring an additional 1,048 shares in the last quarter. 79.02% of the stock is owned by hedge funds and other institutional investors.
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CyberArk Software (CYBR) traded up $0.95 on Wednesday, hitting $45.50. The stock had a trading volume of 153,782 shares, compared to its average volume of 583,567. The company has a market cap of $1,540.00, a P/E ratio of 69.52, a PEG ratio of 3.99 and a beta of 2.56. CyberArk Software has a 52 week low of $39.34 and a 52 week high of $56.25.
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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