CyberArk Software Ltd. (NASDAQ:CYBR) Updates Q3 Earnings Guidance
CyberArk Software Ltd. (NASDAQ:CYBR) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.17-0.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.25. The company issued revenue guidance of $62-63 million, compared to the consensus revenue estimate of $63.75 million.CyberArk Software also updated its FY17 guidance to $1.02-1.06 EPS.
A number of brokerages recently commented on CYBR. UBS AG reaffirmed a neutral rating and set a $52.00 price objective (down from $57.00) on shares of CyberArk Software in a research note on Friday, July 14th. Cowen and Company reaffirmed a market perform rating and set a $43.00 price objective (down from $53.00) on shares of CyberArk Software in a research note on Friday, July 14th. BidaskClub cut CyberArk Software from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Deutsche Bank AG cut CyberArk Software from a buy rating to a hold rating and decreased their price objective for the stock from $60.00 to $45.00 in a research note on Friday, July 14th. Finally, Stephens cut CyberArk Software from an overweight rating to an equal weight rating and decreased their price objective for the stock from $60.00 to $42.00 in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $51.17.
CyberArk Software Ltd. (NASDAQ CYBR) traded down 1.25% on Tuesday, hitting $40.20. The stock had a trading volume of 1,304,114 shares. The company has a 50-day moving average price of $46.15 and a 200-day moving average price of $49.79. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 46.21 and a beta of 2.57. CyberArk Software Ltd. has a 52 week low of $39.96 and a 52 week high of $59.28.
CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Tuesday, August 8th. The technology company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The company had revenue of $57.48 million during the quarter, compared to the consensus estimate of $57.44 million. CyberArk Software had a return on equity of 10.77% and a net margin of 13.70%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. Equities research analysts anticipate that CyberArk Software Ltd. will post $1.08 earnings per share for the current fiscal year.
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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.
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