Zacks: Brokerages Expect Cyberark Software Ltd (CYBR) to Announce $0.24 EPS

Analysts expect Cyberark Software Ltd (NASDAQ:CYBR) to post earnings per share (EPS) of $0.24 for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Cyberark Software’s earnings. The lowest EPS estimate is $0.23 and the highest is $0.25. Cyberark Software posted earnings of $0.21 per share during the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The business is expected to issue its next earnings report on Tuesday, August 14th.

On average, analysts expect that Cyberark Software will report full year earnings of $1.34 per share for the current financial year, with EPS estimates ranging from $1.23 to $1.39. For the next fiscal year, analysts forecast that the firm will post earnings of $1.59 per share, with EPS estimates ranging from $1.51 to $1.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Cyberark Software.

Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.11. Cyberark Software had a return on equity of 7.28% and a net margin of 5.43%. The firm had revenue of $71.80 million during the quarter, compared to the consensus estimate of $69.32 million. During the same period in the previous year, the firm posted $0.28 EPS. The company’s quarterly revenue was up 21.6% compared to the same quarter last year.

Several research analysts recently issued reports on the company. Cowen restated a “hold” rating and set a $55.00 price objective on shares of Cyberark Software in a research report on Friday, April 20th. Stifel Nicolaus lifted their price objective on Cyberark Software from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, May 4th. Bank of America lifted their price objective on Cyberark Software from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, May 4th. BidaskClub downgraded Cyberark Software from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 14th. Finally, UBS Group lifted their price objective on Cyberark Software from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, June 7th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $58.71.

A number of hedge funds have recently added to or reduced their stakes in CYBR. Allianz Asset Management GmbH purchased a new stake in shares of Cyberark Software during the 1st quarter valued at $228,000. CIBC World Markets Inc. purchased a new stake in shares of Cyberark Software during the 1st quarter valued at $245,000. Legal & General Group Plc grew its stake in shares of Cyberark Software by 3,149.8% during the 1st quarter. Legal & General Group Plc now owns 383,903 shares of the technology company’s stock valued at $19,587,000 after buying an additional 372,090 shares during the period. Highbridge Capital Management LLC grew its stake in shares of Cyberark Software by 110.8% during the 1st quarter. Highbridge Capital Management LLC now owns 34,319 shares of the technology company’s stock valued at $1,751,000 after buying an additional 18,042 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Cyberark Software by 67.6% during the 1st quarter. Millennium Management LLC now owns 123,149 shares of the technology company’s stock valued at $6,283,000 after buying an additional 49,685 shares during the period. 75.69% of the stock is owned by hedge funds and other institutional investors.

Shares of Cyberark Software stock traded up $0.32 during trading on Monday, hitting $65.65. 227,156 shares of the company were exchanged, compared to its average volume of 454,026. Cyberark Software has a fifty-two week low of $39.34 and a fifty-two week high of $67.07. The company has a market capitalization of $2.32 billion, a P/E ratio of 89.93, a P/E/G ratio of 5.35 and a beta of 2.05.

Cyberark Software Company Profile

CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.

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