Zacks: Brokerages Expect Cyberark Software Ltd (CYBR) Will Post Quarterly Sales of $92.35 Million

Brokerages expect that Cyberark Software Ltd (NASDAQ:CYBR) will report sales of $92.35 million for the current quarter, according to Zacks. Eight analysts have provided estimates for Cyberark Software’s earnings, with the lowest sales estimate coming in at $92.00 million and the highest estimate coming in at $93.00 million. Cyberark Software posted sales of $71.78 million in the same quarter last year, which suggests a positive year-over-year growth rate of 28.7%. The business is expected to report its next earnings report before the market opens on Tuesday, May 14th.

According to Zacks, analysts expect that Cyberark Software will report full-year sales of $413.82 million for the current year, with estimates ranging from $413.00 million to $415.00 million. For the next financial year, analysts forecast that the business will post sales of $490.54 million, with estimates ranging from $478.00 million to $497.34 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Cyberark Software.

Cyberark Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 14th. The technology company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.30. The business had revenue of $109.10 million during the quarter, compared to analyst estimates of $95.94 million. Cyberark Software had a return on equity of 12.24% and a net margin of 13.72%. Cyberark Software’s revenue was up 35.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS.

CYBR has been the subject of a number of research analyst reports. Deutsche Bank raised Cyberark Software from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. BidaskClub raised Cyberark Software from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 2nd. Zacks Investment Research lowered Cyberark Software from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Goldman Sachs Group lowered Cyberark Software from a “buy” rating to a “neutral” rating and decreased their target price for the company from $86.00 to $78.00 in a research report on Friday, January 4th. Finally, Evercore ISI reaffirmed a “buy” rating and set a $96.00 target price on shares of Cyberark Software in a research report on Wednesday, February 13th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $93.10.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC increased its position in Cyberark Software by 910.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 505 shares of the technology company’s stock valued at $60,000 after buying an additional 455 shares in the last quarter. Cerebellum GP LLC acquired a new position in Cyberark Software during the 4th quarter valued at about $41,000. Optimum Investment Advisors acquired a new position in Cyberark Software during the 4th quarter valued at about $44,000. Quantamental Technologies LLC acquired a new position in Cyberark Software during the 4th quarter valued at about $59,000. Finally, IFP Advisors Inc increased its position in Cyberark Software by 131.3% during the 4th quarter. IFP Advisors Inc now owns 1,413 shares of the technology company’s stock valued at $104,000 after buying an additional 802 shares in the last quarter. 77.52% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ CYBR opened at $117.73 on Monday. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 82.33, a PEG ratio of 5.17 and a beta of 1.87. Cyberark Software has a twelve month low of $51.72 and a twelve month high of $125.20.

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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