CyberArk Software Ltd. (CYBR) Expected to Announce Quarterly Sales of $62.58 Million
Equities analysts expect CyberArk Software Ltd. (NASDAQ:CYBR) to announce sales of $62.58 million for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for CyberArk Software’s earnings, with the lowest sales estimate coming in at $62.45 million and the highest estimate coming in at $62.80 million. CyberArk Software posted sales of $54.96 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.9%. The business is expected to announce its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that CyberArk Software will report full-year sales of $62.58 million for the current fiscal year, with estimates ranging from $253.00 million to $255.60 million. For the next fiscal year, analysts anticipate that the business will report sales of $304.27 million per share, with estimates ranging from $293.80 million to $319.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow CyberArk Software.
CYBR has been the topic of several recent research reports. BidaskClub downgraded shares of CyberArk Software from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. ValuEngine downgraded shares of CyberArk Software from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Deutsche Bank AG downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and cut their target price for the stock from $60.00 to $45.00 in a research note on Friday, July 14th. Zacks Investment Research raised shares of CyberArk Software from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Vetr raised shares of CyberArk Software from a “buy” rating to a “strong-buy” rating and set a $60.34 target price on the stock in a research note on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. CyberArk Software has a consensus rating of “Hold” and an average price target of $50.60.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. BT Investment Management Ltd acquired a new stake in CyberArk Software during the 2nd quarter worth $92,355,000. Matrix Capital Management Company LP acquired a new stake in CyberArk Software during the 2nd quarter worth $74,650,000. MARSHALL WACE ASIA Ltd acquired a new stake in CyberArk Software during the 1st quarter worth $56,420,000. Marshall Wace North America L.P. acquired a new stake in CyberArk Software during the 1st quarter worth $56,420,000. Finally, ETF Managers Group LLC acquired a new stake in CyberArk Software during the 2nd quarter worth $44,112,000. 81.74% of the stock is currently owned by hedge funds and other institutional investors.
CyberArk Software (CYBR) opened at 41.52 on Monday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 53.30 and a beta of 2.58. CyberArk Software has a one year low of $39.34 and a one year high of $56.25. The company’s 50-day moving average is $40.86 and its 200 day moving average is $47.70.
About CyberArk Software
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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