Analysts expect Cyberark Software Ltd (NASDAQ:CYBR) to post sales of $75.63 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Cyberark Software’s earnings, with the highest sales estimate coming in at $76.00 million and the lowest estimate coming in at $75.45 million. Cyberark Software posted sales of $64.36 million during the same quarter last year, which suggests a positive year over year growth rate of 17.5%. The company is expected to announce its next earnings results before the market opens on Thursday, February 15th.

On average, analysts expect that Cyberark Software will report full-year sales of $75.63 million for the current year, with estimates ranging from $254.50 million to $257.30 million. For the next fiscal year, analysts expect that the firm will post sales of $306.45 million per share, with estimates ranging from $302.30 million to $314.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Cyberark Software.

Cyberark Software (NASDAQ:CYBR) last announced its earnings results on Thursday, November 2nd. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.05. Cyberark Software had a net margin of 9.24% and a return on equity of 7.19%.

CYBR has been the subject of several analyst reports. Zacks Investment Research lowered shares of Cyberark Software from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Monness Crespi & Hardt initiated coverage on shares of Cyberark Software in a research report on Monday, December 18th. They set a “neutral” rating for the company. Piper Jaffray Companies set a $47.00 price target on shares of Cyberark Software and gave the company a “buy” rating in a research report on Monday, October 16th. BidaskClub lowered shares of Cyberark Software from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Bank of America upgraded shares of Cyberark Software from an “underperform” rating to a “neutral” rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.69.

Shares of Cyberark Software (NASDAQ CYBR) opened at $42.39 on Wednesday. Cyberark Software has a 1 year low of $39.34 and a 1 year high of $55.65. The stock has a market cap of $1,470.00, a PE ratio of 67.29, a price-to-earnings-growth ratio of 3.04 and a beta of 2.58.

Institutional investors have recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its holdings in shares of Cyberark Software by 122.5% during the third quarter. Asset Management One Co. Ltd. now owns 4,250 shares of the technology company’s stock worth $174,000 after purchasing an additional 2,340 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Cyberark Software by 198.4% during the second quarter. BNP Paribas Arbitrage SA now owns 3,796 shares of the technology company’s stock worth $190,000 after purchasing an additional 2,524 shares during the period. Advisor Group Inc. boosted its holdings in shares of Cyberark Software by 6.4% during the second quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock worth $193,000 after purchasing an additional 232 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Cyberark Software by 26.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,998 shares of the technology company’s stock worth $250,000 after purchasing an additional 1,048 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Cyberark Software by 6.1% during the second quarter. Legal & General Group Plc now owns 5,213 shares of the technology company’s stock worth $260,000 after purchasing an additional 300 shares during the period. Institutional investors own 76.87% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Cyberark Software Ltd (CYBR) Expected to Post Quarterly Sales of $75.63 Million” was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/17/cyberark-software-ltd-cybr-expected-to-post-quarterly-sales-of-75-63-million.html.

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.

Get a free copy of the Zacks research report on Cyberark Software (CYBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cyberark Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cyberark Software and related companies with MarketBeat.com's FREE daily email newsletter.