CyberArk Software Ltd. (CYBR) Updates FY17 Earnings Guidance
CyberArk Software Ltd. (NASDAQ:CYBR) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.02-1.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.08. The company issued revenue guidance of $253-256 million, compared to the consensus revenue estimate of $255.33 million.CyberArk Software also updated its Q3 guidance to $0.17-0.19 EPS.
A number of equities research analysts have recently commented on the stock. Summit Redstone cut shares of CyberArk Software from a buy rating to a hold rating and set a $50.00 target price for the company. in a research report on Friday, May 12th. Bank of America Corporation cut shares of CyberArk Software from a buy rating to an underperform rating and reduced their target price for the company from $62.00 to $43.00 in a research report on Friday, May 12th. Imperial Capital cut shares of CyberArk Software from an outperform rating to an in-line rating and reduced their target price for the company from $63.00 to $55.00 in a research report on Friday, May 12th. Evercore ISI reiterated an in-line rating and issued a $60.00 target price on shares of CyberArk Software in a research report on Friday, May 12th. Finally, Piper Jaffray Companies cut their price objective on shares of CyberArk Software from $63.00 to $61.00 and set an overweight rating for the company in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $51.17.
CyberArk Software Ltd. (CYBR) traded down 1.25% during mid-day trading on Tuesday, reaching $40.20. 1,304,114 shares of the company’s stock were exchanged. The company has a market capitalization of $1.19 billion, a P/E ratio of 46.21 and a beta of 2.57. CyberArk Software Ltd. has a 52 week low of $39.96 and a 52 week high of $59.28. The company’s 50 day moving average price is $46.15 and its 200-day moving average price is $49.79.
CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The firm had revenue of $57.48 million during the quarter, compared to analysts’ expectations of $57.44 million. CyberArk Software had a return on equity of 10.77% and a net margin of 13.70%. CyberArk Software’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. On average, equities research analysts expect that CyberArk Software Ltd. will post $1.08 earnings per share for the current fiscal year.
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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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