Equities research analysts forecast that CyberArk Software Ltd. (NASDAQ:CYBR) will announce $0.08 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for CyberArk Software’s earnings, with estimates ranging from $0.06 to $0.13. CyberArk Software reported earnings of $0.21 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 61.9%. The company is expected to report its next earnings results after the market closes on Tuesday, August 8th.

According to Zacks, analysts expect that CyberArk Software will report full-year earnings of $0.54 per share for the current year, with EPS estimates ranging from $0.53 to $0.55. For the next year, analysts anticipate that the firm will report earnings of $0.67 per share, with EPS estimates ranging from $0.63 to $0.70. Zacks’ EPS averages are an average based on a survey of analysts that follow CyberArk Software.

CYBR has been the subject of a number of analyst reports. Evercore ISI reiterated a “buy” rating and set a $56.00 price target (down previously from $60.00) on shares of CyberArk Software in a research report on Friday, July 14th. BidaskClub lowered CyberArk Software from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Vetr lowered CyberArk Software from a “strong-buy” rating to a “buy” rating and set a $60.34 price target for the company. in a research report on Monday, May 8th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $56.00 price target (down previously from $64.00) on shares of CyberArk Software in a research report on Friday, July 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $55.00 price target (down previously from $62.00) on shares of CyberArk Software in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.17.

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Several large investors have recently made changes to their positions in the company. Marshall Wace North America L.P. raised its stake in shares of CyberArk Software by 29.6% in the second quarter. Marshall Wace North America L.P. now owns 1,434,065 shares of the technology company’s stock worth $71,703,000 after buying an additional 327,794 shares during the period. MARSHALL WACE ASIA Ltd bought a new stake in shares of CyberArk Software during the first quarter worth about $56,420,000. Jennison Associates LLC raised its stake in shares of CyberArk Software by 12.8% in the second quarter. Jennison Associates LLC now owns 1,082,453 shares of the technology company’s stock worth $54,069,000 after buying an additional 122,633 shares during the period. Ameriprise Financial Inc. raised its stake in shares of CyberArk Software by 3.9% in the first quarter. Ameriprise Financial Inc. now owns 1,001,178 shares of the technology company’s stock worth $50,930,000 after buying an additional 37,788 shares during the period. Finally, American Capital Management Inc. raised its stake in shares of CyberArk Software by 151.5% in the second quarter. American Capital Management Inc. now owns 605,200 shares of the technology company’s stock worth $30,230,000 after buying an additional 364,560 shares during the period. 80.84% of the stock is currently owned by institutional investors.

CyberArk Software (NASDAQ:CYBR) traded up 0.750% during midday trading on Friday, reaching $40.985. The company’s stock had a trading volume of 907,845 shares. CyberArk Software has a 1-year low of $40.46 and a 1-year high of $59.28. The company’s 50-day moving average price is $46.84 and its 200-day moving average price is $49.99. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 47.109 and a beta of 2.57.

About CyberArk Software

CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.

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