Cyberark Software (NASDAQ:CYBR) issued an update on its third quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.45-0.48 for the period, compared to the Thomson Reuters consensus estimate of $0.44. The company issued revenue guidance of $102-104 million, compared to the consensus revenue estimate of $101.19 million.Cyberark Software also updated its FY 2019 guidance to $2.24-2.30 EPS.
Shares of CYBR stock traded down $4.67 during trading hours on Friday, hitting $118.51. The company had a trading volume of 960,168 shares, compared to its average volume of 973,953. The business’s fifty day moving average is $132.93. 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 capitalization of $4.38 billion, a PE ratio of 82.87, a PEG ratio of 6.11 and a beta of 1.58.
Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.25 by $0.34. Cyberark Software had a net margin of 15.23% and a return on equity of 13.96%. The firm had revenue of $100.18 million for the quarter, compared to analyst estimates of $97.35 million. During the same period in the prior year, the business posted $0.36 EPS. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. As a group, equities analysts expect that Cyberark Software will post 1.2 earnings per share for the current year.
CYBR has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Cyberark Software from a hold rating to a buy rating and set a $149.00 target price on the stock in a report on Tuesday, July 16th. Citigroup increased their target price on shares of Cyberark Software from $111.00 to $130.00 and gave the stock an outperform rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. set a $160.00 target price on shares of Cyberark Software and gave the stock an overweight rating 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, May 14th. Finally, Dougherty & Co increased their target price on shares of Cyberark Software from $140.00 to $145.00 and gave the stock a buy rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $124.75.
Cyberark Software Company Profile
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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