Cyberark Software (NASDAQ:CYBR) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.10-2.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.00. The company issued revenue guidance of $415-419 million, compared to the consensus revenue estimate of $414.79 million.Cyberark Software also updated its FY 2019 guidance to $2.10-2.16 EPS.

Several brokerages have recently commented on CYBR. Morgan Stanley upped their price objective on shares of Cyberark Software from $133.00 to $146.00 and gave the stock an overweight rating in a report on Wednesday. Mizuho upped their price objective on shares of Cyberark Software from $135.00 to $140.00 and gave the stock a buy rating in a report on Wednesday. Citigroup restated an outperform rating and issued a $130.00 price objective (up from $111.00) on shares of Cyberark Software in a report on Wednesday. JMP Securities reiterated an outperform rating and set a $135.00 target price (up from $130.00) on shares of Cyberark Software in a report on Tuesday. Finally, BidaskClub lowered shares of Cyberark Software from a strong-buy rating to a buy rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $107.55.

Shares of CYBR opened at $123.00 on Thursday. Cyberark Software has a twelve month low of $58.39 and a twelve month high of $133.49. The firm has a market capitalization of $4.47 billion, a PE ratio of 86.01, a PEG ratio of 5.33 and a beta of 1.87.

Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings data on Tuesday, May 14th. The technology company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.33. Cyberark Software had a net margin of 13.72% and a return on equity of 12.24%. The business had revenue of $95.94 million for the quarter, compared to analyst estimates of $92.42 million. During the same period last year, the business earned $0.32 EPS. The company’s revenue was up 33.7% on a year-over-year basis. Sell-side analysts anticipate that Cyberark Software will post 1.11 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Cyberark Software stock. Geode Capital Management LLC lifted its stake in Cyberark Software Ltd (NASDAQ:CYBR) by 29.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,974 shares of the technology company’s stock after buying an additional 10,592 shares during the period. Geode Capital Management LLC owned approximately 0.13% of Cyberark Software worth $3,482,000 at the end of the most recent quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

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About Cyberark Software

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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