CyberArk Software (NASDAQ:CYBR) Issues Q2 2022 Earnings Guidance

CyberArk Software (NASDAQ:CYBRGet Rating) issued an update on its second quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -$0.37–$0.25 for the period, compared to the consensus estimate of -$0.27. The company issued revenue guidance of $135.00 million-$141.00 million, compared to the consensus revenue estimate of $136.97 million.CyberArk Software also updated its FY 2022 guidance to -$0.92–$0.60 EPS.

Shares of CYBR stock opened at $134.44 on Thursday. CyberArk Software has a 12 month low of $100.35 and a 12 month high of $201.68. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.07 and a quick ratio of 3.07. The firm has a market capitalization of $5.38 billion, a P/E ratio of -50.35 and a beta of 1.24. The company’s fifty day moving average price is $154.42 and its two-hundred day moving average price is $157.85.

CyberArk Software (NASDAQ:CYBRGet Rating) last released its earnings results on Thursday, May 12th. The technology company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.01. The company had revenue of $127.60 million during the quarter, compared to the consensus estimate of $130.43 million. CyberArk Software had a negative net margin of 20.58% and a negative return on equity of 12.64%. The company’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.28) EPS. On average, sell-side analysts anticipate that CyberArk Software will post -3.36 EPS for the current year.

A number of brokerages recently weighed in on CYBR. Summit Insights lowered their price objective on shares of CyberArk Software from $225.00 to $150.00 in a research report on Thursday, May 12th. Barclays boosted their target price on shares of CyberArk Software from $190.00 to $215.00 and gave the company an overweight rating in a research note on Friday, February 11th. JMP Securities started coverage on shares of CyberArk Software in a research note on Tuesday, February 22nd. They issued a buy rating and a $175.00 price target for the company. Wedbush reduced their price target on shares of CyberArk Software from $195.00 to $150.00 in a research note on Friday, May 13th. Finally, Wells Fargo & Company cut their target price on shares of CyberArk Software from $170.00 to $125.00 in a research note on Friday, May 13th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Buy and an average price target of $180.16.

A number of institutional investors have recently added to or reduced their stakes in CYBR. Dynamic Technology Lab Private Ltd acquired a new position in shares of CyberArk Software during the 1st quarter worth $719,000. PNC Financial Services Group Inc. increased its stake in shares of CyberArk Software by 29.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,956 shares of the technology company’s stock worth $498,000 after purchasing an additional 678 shares during the last quarter. Ethic Inc. acquired a new position in shares of CyberArk Software during the 1st quarter worth $439,000. Quantbot Technologies LP acquired a new position in shares of CyberArk Software during the 1st quarter worth $437,000. Finally, Mackenzie Financial Corp increased its stake in shares of CyberArk Software by 5.9% during the 1st quarter. Mackenzie Financial Corp now owns 1,918 shares of the technology company’s stock worth $324,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

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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