Cyberark Software Ltd (NASDAQ:CYBR) – Analysts at Oppenheimer issued their Q1 2020 earnings per share estimates for Cyberark Software in a research report issued to clients and investors on Wednesday, May 15th. Oppenheimer analyst S. Eyal expects that the technology company will post earnings per share of $0.22 for the quarter. Oppenheimer also issued estimates for Cyberark Software’s Q2 2020 earnings at $0.26 EPS and Q3 2020 earnings at $0.28 EPS.

Cyberark Software (NASDAQ:CYBR) last released its quarterly earnings data on Tuesday, May 14th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.33. Cyberark Software had a net margin of 14.79% and a return on equity of 12.73%. The firm had revenue of $95.94 million for the quarter, compared to analyst estimates of $92.42 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. Cyberark Software’s quarterly revenue was up 33.7% on a year-over-year basis.

Several other research firms have also recently commented on CYBR. Bank of America upped their target price on shares of Cyberark Software from $116.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Morgan Stanley upped their target price on shares of Cyberark Software from $133.00 to $146.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group cut shares of Cyberark Software from a “buy” rating to a “neutral” rating and upped their target price for the stock from $119.00 to $132.00 in a research report on Thursday, April 25th. Zacks Investment Research cut shares of Cyberark Software from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, JMP Securities restated an “outperform” rating and issued a $135.00 target price (up previously from $130.00) on shares of Cyberark Software in a research report on Tuesday, May 14th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Cyberark Software has a consensus rating of “Buy” and an average target price of $107.55.

NASDAQ CYBR opened at $128.81 on Friday. Cyberark Software has a 52 week low of $58.63 and a 52 week high of $133.49. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 90.08, a PEG ratio of 6.97 and a beta of 1.87.

Hedge funds have recently added to or reduced their stakes in the stock. Cavalier Investments LLC acquired a new stake in Cyberark Software during the fourth quarter valued at approximately $249,000. Davis R M Inc. lifted its stake in Cyberark Software by 3.9% during the fourth quarter. Davis R M Inc. now owns 237,266 shares of the technology company’s stock valued at $17,591,000 after purchasing an additional 8,807 shares during the last quarter. Raymond James & Associates lifted its stake in Cyberark Software by 50.8% during the fourth quarter. Raymond James & Associates now owns 21,266 shares of the technology company’s stock valued at $1,577,000 after purchasing an additional 7,164 shares during the last quarter. Meritage Portfolio Management lifted its stake in Cyberark Software by 80.4% during the first quarter. Meritage Portfolio Management now owns 138,973 shares of the technology company’s stock valued at $16,545,000 after purchasing an additional 61,954 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in Cyberark Software during the fourth quarter valued at approximately $1,051,000. 80.76% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Cyberark Software (NASDAQ:CYBR)

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