CyberArk Software (CYBR) Set to Announce Earnings on Thursday

CyberArk Software (NASDAQ:CYBR) is set to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.53. The company had revenue of $223.10 million for the quarter, compared to analyst estimates of $209.65 million. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. On average, analysts expect CyberArk Software to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CyberArk Software Stock Performance

CYBR stock opened at $244.53 on Thursday. CyberArk Software has a one year low of $120.11 and a one year high of $283.00. The firm has a 50-day simple moving average of $256.77 and a two-hundred day simple moving average of $222.72. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of -150.94 and a beta of 1.05.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CYBR. Susquehanna lifted their price objective on shares of CyberArk Software from $255.00 to $310.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. Bank of America reaffirmed a “buy” rating and set a $315.00 target price on shares of CyberArk Software in a report on Wednesday. Mizuho increased their price target on shares of CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Wells Fargo & Company raised their price target on shares of CyberArk Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Finally, JMP Securities upped their price objective on shares of CyberArk Software from $195.00 to $280.00 and gave the company a “market outperform” rating in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and an average target price of $258.54.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.