Cyberark Software (NASDAQ:CYBR) Releases Earnings Results, Beats Expectations By $0.18 EPS
Cyberark Software (NASDAQ:CYBR) announced its quarterly earnings data on Wednesday. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.18, Briefing.com reports. The firm had revenue of $108.12 million during the quarter, compared to analysts’ expectations of $103.04 million. Cyberark Software had a net margin of 15.23% and a return on equity of 13.47%. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 earnings per share. Cyberark Software updated its Q4 guidance to $0.78-0.82 EPS.
Shares of NASDAQ:CYBR opened at $109.40 on Friday. The firm has a fifty day moving average price of $102.88 and a 200 day moving average price of $120.09. Cyberark Software has a fifty-two week low of $64.66 and a fifty-two week high of $148.74. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 76.50, a P/E/G ratio of 5.14 and a beta of 1.61.
CYBR has been the subject of a number of analyst reports. Dougherty & Co increased their price objective on shares of Cyberark Software from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Evercore ISI set a $140.00 price objective on shares of Cyberark Software and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley increased their price objective on shares of Cyberark Software from $146.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. BidaskClub raised shares of Cyberark Software from a “strong sell” rating to a “sell” rating in a research note on Friday, September 20th. Finally, Wedbush reissued an “outperform” rating on shares of Cyberark Software in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Cyberark Software has a consensus rating of “Buy” and an average price target of $129.00.
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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