CyberArk Software Ltd. (CYBR) Updates Q3 Earnings Guidance

CyberArk Software Ltd. (NASDAQ:CYBR) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.17-0.19 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.25. The company issued revenue guidance of $62-63 million, compared to the consensus revenue estimate of $63.75 million.CyberArk Software also updated its FY17 guidance to $1.02-1.06 EPS.

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) traded up 0.02% during mid-day trading on Friday, reaching $40.08. The company had a trading volume of 435,435 shares. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 51.45 and a beta of 2.57. The firm’s 50-day moving average is $43.52 and its 200 day moving average is $49.01. CyberArk Software Ltd. has a 12 month low of $39.57 and a 12 month high of $59.28.

A number of research firms recently commented on CYBR. BidaskClub upgraded CyberArk Software from a buy rating to a strong-buy rating in a report on Saturday, July 1st. UBS AG reiterated a neutral rating and set a $52.00 price target (down previously from $57.00) on shares of CyberArk Software in a report on Friday, July 14th. Cowen and Company reiterated a market perform rating and set a $43.00 price target (down previously from $53.00) on shares of CyberArk Software in a report on Friday, July 14th. Bank of America Corporation cut CyberArk Software from a buy rating to an underperform rating and reduced their price target for the stock from $62.00 to $43.00 in a report on Friday, May 12th. Finally, J P Morgan Chase & Co cut CyberArk Software from an overweight rating to a neutral rating and reduced their price target for the stock from $63.00 to $45.00 in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and an average target price of $51.17.

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An institutional investor recently raised its position in CyberArk Software stock. Vanguard Group Inc. increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 59.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,495 shares of the technology company’s stock after buying an additional 6,897 shares during the period. Vanguard Group Inc. owned about 0.06% of CyberArk Software worth $924,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 77.27% of the company’s stock.

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.

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

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