CyberArk Software (NASDAQ:CYBR) Issues Quarterly Earnings Results

CyberArk Software (NASDAQ:CYBRGet Rating) released its quarterly earnings data on Thursday. The technology company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.01, MarketWatch Earnings reports. CyberArk Software had a negative net margin of 16.69% and a negative return on equity of 9.01%. The company had revenue of $127.60 million during the quarter, compared to analysts’ expectations of $130.43 million. During the same period in the previous year, the company earned ($0.28) EPS. The firm’s quarterly revenue was up 13.1% on a year-over-year basis.

Shares of CYBR stock opened at $120.50 on Friday. The stock’s fifty day simple moving average is $157.91 and its 200 day simple moving average is $161.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.12 and a quick ratio of 3.12. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of -56.84 and a beta of 1.24. CyberArk Software has a one year low of $100.35 and a one year high of $201.68.

CYBR has been the subject of several recent research reports. Mizuho reduced their price target on shares of CyberArk Software from $205.00 to $180.00 in a report on Friday. Zacks Investment Research raised shares of CyberArk Software from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Monday, May 2nd. Barclays increased their price target on shares of CyberArk Software from $190.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, February 11th. Wedbush reduced their price objective on shares of CyberArk Software from $195.00 to $150.00 in a research report on Friday. Finally, Citigroup initiated coverage on shares of CyberArk Software in a research report on Monday, January 24th. They issued a “buy” rating and a $180.00 target price for the company. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $181.11.

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new stake in CyberArk Software in the fourth quarter valued at about $26,000. Mackenzie Financial Corp grew its stake in CyberArk Software by 10.4% in the fourth quarter. Mackenzie Financial Corp now owns 1,811 shares of the technology company’s stock valued at $314,000 after acquiring an additional 171 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of CyberArk Software by 16.8% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,390 shares of the technology company’s stock worth $235,000 after buying an additional 200 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of CyberArk Software by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,957 shares of the technology company’s stock worth $3,459,000 after buying an additional 200 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in CyberArk Software by 6.9% during the fourth quarter. Advisors Asset Management Inc. now owns 6,644 shares of the technology company’s stock worth $1,151,000 after acquiring an additional 426 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

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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Earnings History for CyberArk Software (NASDAQ:CYBR)

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