“We note that the company has spent at or lower than the implied (by guidance) total non-GAAP spend over the past three years with topline outperformance flowing through to operating income. We envision that this initial guide also likely proves to be conservative. We continue to believe the company has ample runway within the Global 2000 to grow with GDPR related deployments serving as a tailwind in 2018. Remain Outperform rated with $56 price target. Solid beat to end the year. 4Q revenue of $80.4M came in well above our/consensus estimate of $75.6M and above the high-end of the $75-76M guided range. As is typical with a topline beat from CyberArk, most of the revenue beat flowed through to operating margin which came in at 24.5% versus our prior estimate of 22.8% and the street’s 22.5%. This led to non-GAAP EPS of $0.41 versus our and the street’s prior estimate of $0.36.”,” Evercore ISI’s analyst wrote.
Other equities analysts have also issued reports about the company. Bank of America raised Cyberark Software from an underperform rating to a neutral rating in a report on Thursday, November 2nd. UBS Group lowered their target price on Cyberark Software from $52.00 to $50.00 and set a neutral rating for the company in a report on Friday, November 3rd. ValuEngine lowered Cyberark Software from a hold rating to a sell rating in a report on Friday, February 2nd. Stifel Nicolaus reaffirmed a buy rating and set a $55.00 target price on shares of Cyberark Software in a report on Friday, November 3rd. Finally, Monness Crespi & Hardt assumed coverage on Cyberark Software in a report on Monday, December 18th. They set a neutral rating for the company. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Cyberark Software presently has an average rating of Hold and an average target price of $49.85.
Cyberark Software (NASDAQ:CYBR) last posted its earnings results on Thursday, February 15th. The technology company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The company had revenue of $80.37 million during the quarter, compared to analyst estimates of $75.62 million. Cyberark Software had a return on equity of 6.98% and a net margin of 6.12%. The business’s revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 earnings per share. sell-side analysts predict that Cyberark Software will post 0.66 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of CYBR. Bank of New York Mellon Corp grew its holdings in Cyberark Software by 72.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 25,084 shares of the technology company’s stock worth $1,252,000 after buying an additional 10,518 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Cyberark Software by 24.9% in the 2nd quarter. New York State Common Retirement Fund now owns 19,622 shares of the technology company’s stock worth $980,000 after buying an additional 3,916 shares in the last quarter. Northern Trust Corp grew its holdings in Cyberark Software by 25.9% in the 2nd quarter. Northern Trust Corp now owns 86,093 shares of the technology company’s stock worth $4,300,000 after buying an additional 17,695 shares in the last quarter. Vanguard Group Inc. grew its holdings in Cyberark Software by 59.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,495 shares of the technology company’s stock worth $924,000 after buying an additional 6,897 shares in the last quarter. Finally, Advisor Group Inc. grew its holdings in Cyberark Software by 6.4% in the 2nd quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock worth $193,000 after buying an additional 232 shares in the last quarter. 76.63% of the stock is owned by institutional investors and hedge funds.
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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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