Analysts Expect CyberArk Software Ltd. (NASDAQ:CYBR) Will Announce Quarterly Sales of $131.13 Million

Wall Street analysts predict that CyberArk Software Ltd. (NASDAQ:CYBRGet Rating) will post $131.13 million in sales for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for CyberArk Software’s earnings. The lowest sales estimate is $129.04 million and the highest is $138.00 million. CyberArk Software posted sales of $112.76 million during the same quarter last year, which suggests a positive year over year growth rate of 16.3%. The company is scheduled to report its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that CyberArk Software will report full-year sales of $592.50 million for the current financial year, with estimates ranging from $582.70 million to $602.60 million. For the next financial year, analysts forecast that the business will report sales of $711.69 million, with estimates ranging from $676.80 million to $740.85 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover CyberArk Software.

CyberArk Software (NASDAQ:CYBRGet Rating) last posted its quarterly earnings data on Thursday, February 10th. The technology company reported ($0.30) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.07. CyberArk Software had a negative return on equity of 9.01% and a negative net margin of 16.69%. The company had revenue of $151.30 million for the quarter, compared to the consensus estimate of $144.48 million. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year.

A number of equities analysts recently issued reports on CYBR shares. Wedbush decreased their target price on CyberArk Software from $230.00 to $180.00 and set an “outperform” rating on the stock in a report on Friday, February 11th. Mizuho lifted their target price on CyberArk Software from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, February 11th. Needham & Company LLC upgraded CyberArk Software from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a report on Friday, February 11th. StockNews.com upgraded CyberArk Software from a “sell” rating to a “hold” rating in a report on Friday, April 8th. Finally, Piper Sandler decreased their target price on CyberArk Software from $220.00 to $200.00 in a report on Thursday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $186.21.

A number of hedge funds and other institutional investors have recently modified their holdings of CYBR. Teacher Retirement System of Texas lifted its position in shares of CyberArk Software by 2.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 3,307 shares of the technology company’s stock worth $522,000 after purchasing an additional 76 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of CyberArk Software by 0.7% during the 4th quarter. Van ECK Associates Corp now owns 12,479 shares of the technology company’s stock worth $2,162,000 after purchasing an additional 85 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of CyberArk Software by 1.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 7,730 shares of the technology company’s stock worth $1,339,000 after purchasing an additional 100 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of CyberArk Software by 5.9% during the 4th quarter. Fifth Third Bancorp now owns 1,798 shares of the technology company’s stock worth $312,000 after purchasing an additional 100 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of CyberArk Software by 0.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 17,013 shares of the technology company’s stock worth $2,685,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Shares of NASDAQ CYBR opened at $169.64 on Wednesday. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of -80.02 and a beta of 1.27. The stock’s fifty day simple moving average is $157.00 and its 200 day simple moving average is $163.70. CyberArk Software has a 52-week low of $113.34 and a 52-week high of $201.68.

CyberArk Software Company Profile (Get Rating)

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.

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