Analysts Anticipate Cyberark Software Ltd (CYBR) Will Announce Quarterly Sales of $95.78 Million

Wall Street analysts predict that Cyberark Software Ltd (NASDAQ:CYBR) will announce sales of $95.78 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Cyberark Software’s earnings. The lowest sales estimate is $95.30 million and the highest is $96.14 million. Cyberark Software reported sales of $80.37 million during the same quarter last year, which would suggest a positive year over year growth rate of 19.2%. The business is expected to announce its next earnings results before the market opens on Thursday, February 14th.

On average, analysts expect that Cyberark Software will report full-year sales of $329.77 million for the current fiscal year, with estimates ranging from $329.00 million to $330.25 million. For the next fiscal year, analysts forecast that the company will post sales of $392.44 million, with estimates ranging from $387.30 million to $404.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Cyberark Software.

Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.21. The firm had revenue of $84.70 million for the quarter, compared to analyst estimates of $78.82 million. Cyberark Software had a return on equity of 9.38% and a net margin of 8.41%. The business’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 EPS.

CYBR has been the topic of a number of recent analyst reports. Evercore ISI reissued a “buy” rating and set a $96.00 target price on shares of Cyberark Software in a report on Sunday, November 11th. Morgan Stanley set a $95.00 target price on Cyberark Software and gave the stock a “buy” rating in a report on Thursday, November 8th. Needham & Company LLC boosted their target price on Cyberark Software from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, November 8th. BidaskClub raised Cyberark Software from a “hold” rating to a “buy” rating in a report on Monday, October 1st. Finally, Guggenheim initiated coverage on Cyberark Software in a report on Monday, December 10th. They set a “buy” rating and a $86.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Cyberark Software has an average rating of “Buy” and an average price target of $80.80.

CYBR stock opened at $78.52 on Monday. The company has a market cap of $2.79 billion, a P/E ratio of 107.56, a price-to-earnings-growth ratio of 5.01 and a beta of 1.76. Cyberark Software has a 1-year low of $41.55 and a 1-year high of $84.21.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its stake in Cyberark Software by 139.2% in the 3rd quarter. Acadian Asset Management LLC now owns 1,474,648 shares of the technology company’s stock valued at $117,737,000 after purchasing an additional 858,244 shares during the period. Morgan Stanley boosted its stake in Cyberark Software by 180.9% in the 3rd quarter. Morgan Stanley now owns 1,198,230 shares of the technology company’s stock valued at $95,668,000 after purchasing an additional 771,727 shares during the period. BlackRock Inc. lifted its position in shares of Cyberark Software by 26.7% during the 2nd quarter. BlackRock Inc. now owns 642,976 shares of the technology company’s stock valued at $40,481,000 after acquiring an additional 135,332 shares during the period. Neuberger Berman Group LLC lifted its position in shares of Cyberark Software by 7.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 317,299 shares of the technology company’s stock valued at $25,333,000 after acquiring an additional 21,188 shares during the period. Finally, Davis R M Inc. lifted its position in shares of Cyberark Software by 3.9% during the 4th quarter. Davis R M Inc. now owns 237,266 shares of the technology company’s stock valued at $17,591,000 after acquiring an additional 8,807 shares during the period. Institutional investors and hedge funds own 78.19% of the company’s stock.

Cyberark Software Company Profile

CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. It operates through the following geographical segments: United States; Israel; United Kingdom; Europe, the Middle East and Africa; and Other. Its products include core privileged access security, application identity and endpoint privilege manager, and Conjur.

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