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

Equities analysts predict that Cyberark Software Ltd (NASDAQ:CYBR) will announce sales of $92.35 million for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Cyberark Software’s earnings. The highest sales estimate is $93.00 million and the lowest is $92.00 million. Cyberark Software reported sales of $71.78 million during the same quarter last year, which indicates a positive year-over-year growth rate of 28.7%. The firm is expected to announce its next quarterly earnings report before the market opens on Tuesday, May 14th.

On average, 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 year, analysts expect that the business will report sales of $490.54 million, with estimates ranging from $478.00 million to $497.34 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Cyberark Software.

Cyberark Software (NASDAQ:CYBR) last posted its earnings results on Tuesday, May 14th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.15. The firm had revenue of $95.94 million during the quarter, compared to analysts’ expectations of $92.42 million. Cyberark Software had a return on equity of 12.24% and a net margin of 13.72%. The firm’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share.



Several research firms recently weighed in on CYBR. BidaskClub cut Cyberark Software from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. JMP Securities restated an “outperform” rating and set a $135.00 target price (up previously from $130.00) on shares of Cyberark Software in a research note on Tuesday. Zacks Investment Research cut Cyberark Software from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Bank of America boosted their target price on Cyberark Software from $116.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, Evercore ISI reiterated a “buy” rating and issued a $96.00 price objective on shares of Cyberark Software in a research note on Wednesday, February 13th. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $104.05.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its holdings in Cyberark Software by 128.5% during the first quarter. Renaissance Technologies LLC now owns 449,700 shares of the technology company’s stock worth $53,537,000 after acquiring an additional 252,900 shares during the period. Blair William & Co. IL grew its holdings in Cyberark Software by 114.1% during the first quarter. Blair William & Co. IL now owns 6,770 shares of the technology company’s stock worth $806,000 after acquiring an additional 3,608 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new position in Cyberark Software during the first quarter worth $6,744,000. Quantinno Capital Management LP acquired a new position in Cyberark Software during the first quarter worth $298,000. Finally, Fifth Third Bancorp grew its holdings in Cyberark Software by 1,027.1% during the first quarter. Fifth Third Bancorp now owns 2,040 shares of the technology company’s stock worth $243,000 after acquiring an additional 1,859 shares during the period. Institutional investors own 81.14% of the company’s stock.

CYBR stock opened at $123.00 on Wednesday. The company has a market cap of $4.63 billion, a P/E ratio of 86.01, a price-to-earnings-growth ratio of 5.57 and a beta of 1.87. Cyberark Software has a fifty-two week low of $57.77 and a fifty-two week high of $133.49.

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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