Cyberark Software (NASDAQ:CYBR) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $0.19-0.22 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.26. The company issued revenue guidance of $68.25-69.75 million, compared to the consensus revenue estimate of $68.93 million.Cyberark Software also updated its FY18 guidance to $1.18-1.24 EPS.
A number of equities research analysts recently weighed in on the stock. Bank of America upgraded shares of Cyberark Software from an underperform rating to a neutral rating in a research note on Thursday, November 2nd. UBS Group cut their price objective on shares of Cyberark Software from $52.00 to $50.00 and set a neutral rating on the stock in a research note on Friday, November 3rd. ValuEngine cut shares of Cyberark Software from a hold rating to a sell rating in a research note on Friday, February 2nd. Stifel Nicolaus restated a buy rating and set a $55.00 price objective on shares of Cyberark Software in a research note on Friday, November 3rd. Finally, Monness Crespi & Hardt began coverage on shares of Cyberark Software in a research note on Monday, December 18th. They set a neutral rating on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $49.69.
Shares of Cyberark Software (CYBR) opened at $45.35 on Thursday. The stock has a market capitalization of $1,552.25, a PE ratio of 71.99, a price-to-earnings-growth ratio of 3.12 and a beta of 2.45. Cyberark Software has a twelve month low of $39.34 and a twelve month high of $55.63.
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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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