$131.13 Million in Sales Expected for CyberArk Software Ltd. (NASDAQ:CYBR) This Quarter

Brokerages forecast that CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) will announce $131.13 million in sales for the current quarter, according to Zacks. Nine analysts have issued estimates for CyberArk Software’s earnings. The highest sales estimate is $138.00 million and the lowest is $129.04 million. CyberArk Software reported sales of $112.76 million during the same quarter last year, which indicates a positive year over year growth rate of 16.3%. The firm is expected to announce its next 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 post sales of $711.69 million, with estimates ranging from $676.80 million to $740.85 million. Zacks’ sales calculations are an average based on a survey of research firms that follow CyberArk Software.

CyberArk Software (NASDAQ:CYBR – Get Rating) last released its quarterly earnings results on Thursday, February 10th. The technology company reported ($0.30) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.07. The company had revenue of $151.30 million during the quarter, compared to analysts’ expectations of $144.48 million. CyberArk Software had a negative return on equity of 9.01% and a negative net margin of 16.69%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share.

Several brokerages recently issued reports on CYBR. Zacks Investment Research raised CyberArk Software from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Monday. Mizuho increased their price objective on CyberArk Software from $195.00 to $205.00 and gave the company a “buy” rating in a report on Friday, February 11th. Barclays increased their price objective on CyberArk Software from $190.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, February 11th. Wedbush increased their target price on CyberArk Software from $180.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, April 14th. Finally, Robert W. Baird reduced their price objective on CyberArk Software from $225.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, February 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $188.68.

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new position in shares of CyberArk Software during the 4th quarter worth about $26,000. Evolution Wealth Advisors LLC bought a new position in CyberArk Software in the 3rd quarter valued at about $26,000. Parallel Advisors LLC lifted its position in shares of CyberArk Software by 77.2% during the 1st quarter. Parallel Advisors LLC now owns 163 shares of the technology company’s stock worth $28,000 after buying an additional 71 shares in the last quarter. Endurance Wealth Management Inc. bought a new position in shares of CyberArk Software during the 1st quarter worth approximately $42,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of CyberArk Software during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Shares of NASDAQ CYBR opened at $156.36 on Wednesday. CyberArk Software has a 12 month low of $113.34 and a 12 month high of $201.68. The company has a market cap of $6.26 billion, a price-to-earnings ratio of -73.75 and a beta of 1.24. 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 business has a fifty day simple moving average of $163.19 and a 200-day simple moving average of $163.68.

About CyberArk Software (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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