Wall Street brokerages forecast that CyberArk Software Ltd. (NASDAQ:CYBR) will post earnings per share (EPS) of $0.36 for the current quarter, Zacks reports. Seven analysts have provided estimates for CyberArk Software’s earnings, with estimates ranging from $0.34 to $0.37. CyberArk Software reported earnings per share of $0.41 during the same quarter last year, which would indicate a negative year over year growth rate of 12.2%. The firm is scheduled to report its next quarterly earnings results on Thursday, February 8th.

According to Zacks, analysts expect that CyberArk Software will report full year earnings of $1.09 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.11. For the next financial year, analysts forecast that the company will report earnings of $1.31 per share, with EPS estimates ranging from $1.16 to $1.37. Zacks’ EPS averages are an average based on a survey of research analysts that cover CyberArk Software.

A number of equities research analysts have commented on the company. BidaskClub downgraded CyberArk Software from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Needham & Company LLC restated a “buy” rating and issued a $55.00 target price on shares of CyberArk Software in a research report on Tuesday, September 12th. Piper Jaffray Companies set a $47.00 target price on CyberArk Software and gave the company a “buy” rating in a research report on Monday, October 16th. Stifel Nicolaus restated a “buy” rating and issued a $55.00 target price on shares of CyberArk Software in a research report on Friday, November 3rd. Finally, Zacks Investment Research downgraded CyberArk Software from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. CyberArk Software has an average rating of “Hold” and an average target price of $49.91.

Shares of CyberArk Software (NASDAQ:CYBR) opened at $43.50 on Wednesday. CyberArk Software has a 1 year low of $39.34 and a 1 year high of $55.65. The company has a market capitalization of $1,529.32, a price-to-earnings ratio of 68.78, a price-to-earnings-growth ratio of 3.61 and a beta of 2.59.

Several hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. raised its holdings in shares of CyberArk Software by 6.4% in the 2nd quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock valued at $193,000 after buying an additional 232 shares during the period. Macquarie Group Ltd. raised its holdings in shares of CyberArk Software by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 38,449 shares of the technology company’s stock valued at $1,921,000 after buying an additional 292 shares during the period. Legal & General Group Plc raised its holdings in shares of CyberArk Software by 6.1% in the 2nd quarter. Legal & General Group Plc now owns 5,213 shares of the technology company’s stock valued at $260,000 after buying an additional 300 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of CyberArk Software by 6.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 7,962 shares of the technology company’s stock valued at $398,000 after buying an additional 480 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of CyberArk Software by 26.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,998 shares of the technology company’s stock valued at $250,000 after buying an additional 1,048 shares during the period. Hedge funds and other institutional investors own 77.07% of the company’s stock.

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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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Earnings History and Estimates for CyberArk Software (NASDAQ:CYBR)

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