CyberArk Software (NASDAQ:CYBR) Releases FY 2022 Earnings Guidance

CyberArk Software (NASDAQ:CYBRGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of -$0.92–$0.60 for the period, compared to the consensus estimate of -$0.75. The company issued revenue guidance of $583.50 million-$598.50 million, compared to the consensus revenue estimate of $590.19 million.CyberArk Software also updated its Q2 2022 guidance to -$0.37–$0.25 EPS.

A number of brokerages have commented on CYBR. Stifel Nicolaus cut their price objective on shares of CyberArk Software from $210.00 to $168.00 in a report on Friday, May 13th. Barclays boosted their target price on shares of CyberArk Software from $190.00 to $215.00 and gave the stock an overweight rating in a research report on Friday, February 11th. Wedbush dropped their target price on shares of CyberArk Software from $195.00 to $150.00 in a research report on Friday, May 13th. Mizuho lowered their price objective on shares of CyberArk Software from $205.00 to $180.00 in a research report on Friday, May 13th. Finally, Summit Insights reduced their target price on shares of CyberArk Software from $225.00 to $150.00 in a research note on Thursday, May 12th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Buy and an average price target of $180.16.

Shares of CYBR stock traded up $3.11 during mid-day trading on Thursday, reaching $137.55. The company’s stock had a trading volume of 257,778 shares, compared to its average volume of 458,589. CyberArk Software has a 1-year low of $100.35 and a 1-year high of $201.68. The company has a market cap of $5.51 billion, a P/E ratio of -51.52 and a beta of 1.24. The company has a debt-to-equity ratio of 0.85, a quick ratio of 3.07 and a current ratio of 3.07. The firm’s 50-day moving average is $154.04 and its two-hundred day moving average is $157.43.

CyberArk Software (NASDAQ:CYBRGet Rating) last announced its earnings results on Thursday, May 12th. The technology company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.01. The business had revenue of $127.60 million during the quarter, compared to analysts’ expectations of $130.43 million. CyberArk Software had a negative net margin of 20.58% and a negative return on equity of 12.64%. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.28) EPS. Sell-side analysts anticipate that CyberArk Software will post -3.36 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC bought a new position in shares of CyberArk Software in the 4th quarter valued at about $26,000. Covestor Ltd bought a new position in CyberArk Software in the first quarter valued at approximately $73,000. Eaton Vance Management lifted its stake in CyberArk Software by 36.7% in the first quarter. Eaton Vance Management now owns 1,230 shares of the technology company’s stock valued at $207,000 after buying an additional 330 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in CyberArk Software by 16.8% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,390 shares of the technology company’s stock valued at $235,000 after buying an additional 200 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in CyberArk Software in the fourth quarter valued at approximately $259,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

About CyberArk Software (Get Rating)

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.

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