CyberArk Software Ltd. (CYBR) Posts Quarterly Earnings Results
CyberArk Software Ltd. (NASDAQ:CYBR) posted its earnings results on Tuesday. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02, Briefing.com reports. The firm had revenue of $57.48 million for the quarter, compared to the consensus estimate of $57.44 million. CyberArk Software had a return on equity of 10.77% and a net margin of 13.70%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 earnings per share. CyberArk Software updated its Q3 guidance to $0.17-0.19 EPS and its FY17 guidance to $1.02-1.06 EPS.
CyberArk Software (NASDAQ:CYBR) traded down 1.25% on Tuesday, reaching $40.20. The company had a trading volume of 1,304,114 shares. The stock’s 50 day moving average price is $46.15 and its 200-day moving average price is $49.79. The stock has a market capitalization of $1.19 billion, a PE ratio of 46.21 and a beta of 2.57. CyberArk Software has a 12-month low of $39.96 and a 12-month high of $59.28.
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CYBR has been the topic of several research analyst reports. Zacks Investment Research raised shares of CyberArk Software from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Vetr raised shares of CyberArk Software from a “buy” rating to a “strong-buy” rating and set a $60.34 price target on the stock in a report on Monday, May 15th. Oppenheimer Holdings, Inc. decreased their price target on shares of CyberArk Software from $60.00 to $51.00 and set an “outperform” rating on the stock in a report on Friday, July 14th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $48.00 price target (down previously from $55.00) on shares of CyberArk Software in a report on Friday, July 14th. Finally, J P Morgan Chase & Co cut shares of 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 report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CyberArk Software presently has an average rating of “Hold” and an average target price of $51.17.
CyberArk Software Company Profile
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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