Zacks: Analysts Expect CyberArk Software Ltd. (NASDAQ:CYBR) Will Announce Quarterly Sales of $145.10 Million

Analysts expect that CyberArk Software Ltd. (NASDAQ:CYBR) will announce $145.10 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for CyberArk Software’s earnings, with estimates ranging from $143.97 million to $148.00 million. CyberArk Software posted sales of $144.52 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.4%. The business is expected to announce its next quarterly earnings results on Thursday, February 10th.

On average, analysts expect that CyberArk Software will report full-year sales of $496.31 million for the current financial year, with estimates ranging from $494.27 million to $499.50 million. For the next financial year, analysts anticipate that the company will post sales of $559.89 million, with estimates ranging from $549.91 million to $568.67 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover CyberArk Software.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, November 4th. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. CyberArk Software had a negative return on equity of 4.96% and a negative net margin of 11.09%. The firm had revenue of $121.60 million for the quarter, compared to analyst estimates of $120.03 million. During the same period in the previous year, the firm earned ($0.13) earnings per share. CyberArk Software’s quarterly revenue was up 14.1% on a year-over-year basis.

CYBR has been the subject of several recent analyst reports. The Goldman Sachs Group increased their target price on CyberArk Software from $166.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, November 5th. Stifel Nicolaus lifted their price target on CyberArk Software from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, August 13th. They noted that the move was a valuation call. Colliers Securities reiterated a “buy” rating and set a $200.00 price target on shares of CyberArk Software in a report on Wednesday, September 22nd. Wells Fargo & Company initiated coverage on shares of CyberArk Software in a report on Monday, October 4th. They set an “equal weight” rating and a $165.00 price target for the company. Finally, Wedbush upped their price target on shares of CyberArk Software from $160.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, August 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $187.13.

A number of large investors have recently made changes to their positions in CYBR. Wellington Management Group LLP boosted its holdings in CyberArk Software by 219.9% in the 3rd quarter. Wellington Management Group LLP now owns 993,920 shares of the technology company’s stock valued at $156,860,000 after purchasing an additional 683,192 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of CyberArk Software by 302.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 675,846 shares of the technology company’s stock valued at $88,042,000 after buying an additional 508,100 shares in the last quarter. Wasatch Advisors Inc. raised its position in shares of CyberArk Software by 13.8% during the 2nd quarter. Wasatch Advisors Inc. now owns 3,816,298 shares of the technology company’s stock valued at $497,149,000 after buying an additional 462,494 shares in the last quarter. Legal & General Group Plc raised its position in CyberArk Software by 51.8% in the 2nd quarter. Legal & General Group Plc now owns 875,801 shares of the technology company’s stock worth $114,090,000 after purchasing an additional 298,851 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of CyberArk Software by 18.3% during the 2nd quarter. Franklin Resources Inc. now owns 1,881,158 shares of the technology company’s stock valued at $245,058,000 after purchasing an additional 291,465 shares in the last quarter. 87.39% of the stock is owned by hedge funds and other institutional investors.

NASDAQ CYBR traded down $0.41 on Monday, reaching $174.68. The stock had a trading volume of 308,419 shares, compared to its average volume of 443,293. The business has a 50 day moving average price of $177.43 and a 200 day moving average price of $153.98. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 0.72. CyberArk Software has a 1 year low of $105.50 and a 1 year high of $201.68. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of -124.77 and a beta of 1.29.

CyberArk Software Company Profile

CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. It offers its products and services to banking, insurance, healthcare, and federal industries. The company was founded by Udi Mokady and Alon Cohen in 1999 and is headquartered in Petah Tikva, Israel.

See Also: Compound Interest and Why It Matters When Investing

Get a free copy of the Zacks research report on CyberArk Software (CYBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for CyberArk Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software and related companies with MarketBeat.com's FREE daily email newsletter.