Brokerages Expect Cyberark Software Ltd (CYBR) Will Announce Quarterly Sales of $78.75 Million

Equities analysts expect that Cyberark Software Ltd (NASDAQ:CYBR) will post sales of $78.75 million for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Cyberark Software’s earnings. The lowest sales estimate is $78.30 million and the highest is $79.00 million. Cyberark Software reported sales of $64.82 million in the same quarter last year, which indicates a positive year-over-year growth rate of 21.5%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, November 7th.

According to Zacks, analysts expect that Cyberark Software will report full year sales of $322.34 million for the current financial year, with estimates ranging from $317.62 million to $323.80 million. For the next financial year, analysts anticipate that the business will post sales of $382.60 million, with estimates ranging from $374.50 million to $395.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Cyberark Software.

Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.12. Cyberark Software had a return on equity of 7.67% and a net margin of 6.80%. The firm had revenue of $77.71 million for the quarter, compared to analysts’ expectations of $72.93 million.

A number of analysts have recently commented on the company. BidaskClub raised Cyberark Software from a “hold” rating to a “buy” rating in a research report on Monday, October 1st. Piper Jaffray Companies boosted their price target on Cyberark Software to $90.00 and gave the stock an “overweight” rating in a research report on Monday, September 17th. Morgan Stanley raised Cyberark Software from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $71.00 to $92.00 in a research report on Thursday, September 27th. Zacks Investment Research cut Cyberark Software from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Finally, TheStreet raised Cyberark Software from a “c+” rating to a “b-” rating in a research report on Thursday, August 9th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $73.88.

Shares of CYBR traded down $1.24 during mid-day trading on Friday, reaching $67.78. The company had a trading volume of 360,100 shares, compared to its average volume of 468,273. Cyberark Software has a 52 week low of $40.63 and a 52 week high of $81.24. The stock has a market cap of $2.55 billion, a P/E ratio of 92.85, a P/E/G ratio of 4.76 and a beta of 2.06.

A number of hedge funds and other institutional investors have recently made changes to their positions in CYBR. Sawtooth Solutions LLC purchased a new position in Cyberark Software in the 3rd quarter worth approximately $207,000. Winslow Evans & Crocker Inc. purchased a new stake in Cyberark Software during the 3rd quarter valued at $214,000. FundX Investment Group LLC purchased a new stake in Cyberark Software during the 2nd quarter valued at $220,000. Creative Planning purchased a new stake in Cyberark Software during the 3rd quarter valued at $224,000. Finally, Allianz Asset Management GmbH purchased a new stake in Cyberark Software during the 1st quarter valued at $228,000. Institutional investors own 77.01% of the company’s stock.

Cyberark Software Company Profile

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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