CyberArk Software Ltd. (CYBR) Issues FY17 Earnings Guidance
CyberArk Software Ltd. (NASDAQ:CYBR) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.02-1.06 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.08. The company issued revenue guidance of $253-256 million, compared to the consensus revenue estimate of $255.33 million.CyberArk Software also updated its Q3 guidance to $0.17-0.19 EPS.
Shares of CyberArk Software Ltd. (NASDAQ:CYBR) traded down 1.25% during trading on Tuesday, hitting $40.20. The stock had a trading volume of 1,304,985 shares. CyberArk Software Ltd. has a one year low of $39.96 and a one year high of $59.28. The firm’s 50-day moving average is $46.15 and its 200-day moving average is $49.79. The firm has a market cap of $1.19 billion, a P/E ratio of 46.21 and a beta of 2.57.
CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The company had revenue of $57.48 million for the quarter, compared to analysts’ expectations of $57.44 million. CyberArk Software had a return on equity of 10.77% and a net margin of 13.70%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. Equities research analysts forecast that CyberArk Software Ltd. will post $1.08 EPS for the current year.
CYBR has been the topic of several recent analyst reports. Zacks Investment Research raised CyberArk Software from a sell rating to a hold rating in a report on Wednesday, July 12th. Vetr raised CyberArk Software from a buy rating to a strong-buy rating and set a $60.34 target price on the stock in a report on Monday, May 15th. Oppenheimer Holdings, Inc. dropped their price target on CyberArk Software from $60.00 to $51.00 and set an outperform rating on the stock in a report on Friday, July 14th. Morgan Stanley reaffirmed an equal weight rating and issued a $48.00 price target (down previously from $55.00) on shares of CyberArk Software in a report on Friday, July 14th. Finally, J P Morgan Chase & Co cut CyberArk Software from an overweight rating to a neutral rating and dropped their price target for the company from $63.00 to $45.00 in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $51.17.
CyberArk Software Company Profile
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.
Receive News & Ratings for CyberArk Software Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.