Cyberark Software (NASDAQ:CYBR) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.18-1.24 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.32. The company issued revenue guidance of $312-316 million, compared to the consensus revenue estimate of $306.26 million.Cyberark Software also updated its Q1 guidance to $0.19-0.22 EPS.
Shares of Cyberark Software (NASDAQ CYBR) opened at $45.35 on Thursday. Cyberark Software has a 1 year low of $39.34 and a 1 year high of $55.63. The firm has a market capitalization of $1,552.25, a price-to-earnings ratio of 71.99, a price-to-earnings-growth ratio of 3.12 and a beta of 2.45.
A number of analysts have weighed in on CYBR shares. Piper Jaffray Companies reiterated a buy rating and issued a $50.00 price target on shares of Cyberark Software in a research report on Friday, November 3rd. Stifel Nicolaus reiterated a buy rating and issued a $55.00 price target on shares of Cyberark Software in a research report on Friday, November 3rd. Zacks Investment Research upgraded Cyberark Software from a hold rating to a buy rating and set a $50.00 price target on the stock in a research report on Wednesday, November 8th. BidaskClub cut Cyberark Software from a buy rating to a hold rating in a research report on Tuesday, December 5th. Finally, UBS Group lowered their price target on Cyberark Software from $52.00 to $50.00 and set a neutral rating on the stock in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Cyberark Software presently has a consensus rating of Hold and a consensus target price of $49.69.
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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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