CyberArk Software Ltd. (CYBR) Releases Q4 Earnings Guidance
CyberArk Software Ltd. (NASDAQ:CYBR) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.35-0.36 for the period, compared to the Thomson Reuters consensus estimate of $0.36. The company issued revenue guidance of $75-76 million, compared to the consensus revenue estimate of $75.51 million.
CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.06. CyberArk Software had a return on equity of 9.13% and a net margin of 11.93%. The company had revenue of $64.80 million for the quarter, compared to analysts’ expectations of $62.65 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis.
CYBR has been the topic of a number of analyst reports. BidaskClub cut CyberArk Software from a strong-buy rating to a buy rating in a research note on Tuesday, July 11th. Needham & Company LLC reaffirmed a buy rating and set a $55.00 target price (down previously from $62.00) on shares of CyberArk Software in a research note on Friday, July 14th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $56.00 target price (down previously from $64.00) on shares of CyberArk Software in a research note on Friday, July 14th. Stifel Nicolaus reaffirmed a buy rating and set a $55.00 target price (down previously from $62.00) on shares of CyberArk Software in a research note on Friday, July 14th. Finally, Evercore ISI reaffirmed a buy rating and set a $56.00 target price (down previously from $60.00) on shares of CyberArk Software in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $49.85.
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A hedge fund recently raised its stake in CyberArk Software stock. Vanguard Group Inc. boosted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 59.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,495 shares of the technology company’s stock after buying an additional 6,897 shares during the period. Vanguard Group Inc. owned 0.06% of CyberArk Software worth $924,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 81.44% of the company’s stock.
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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