Cyberark Software (CYBR) Updates Q4 2018 Earnings Guidance

Cyberark Software (NASDAQ:CYBR) updated its fourth quarter 2018 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.58-0.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.51. The company issued revenue guidance of $94.75-96.25 million, compared to the consensus revenue estimate of $94.68 million.Cyberark Software also updated its FY 2018 guidance to $1.75-1.77 EPS.

Several research firms recently commented on CYBR. Oppenheimer boosted their price target on Cyberark Software from $65.00 to $75.00 and gave the stock an outperform rating in a research note on Wednesday, August 8th. Stifel Nicolaus reiterated a buy rating and issued a $70.00 price target on shares of Cyberark Software in a research note on Thursday, August 9th. BidaskClub upgraded Cyberark Software from a buy rating to a strong-buy rating in a research note on Tuesday, August 14th. Piper Jaffray Companies boosted their price target on Cyberark Software to $90.00 and gave the stock an overweight rating in a research note on Monday, September 17th. Finally, TheStreet upgraded Cyberark Software from a c+ rating to a b- rating in a research note on Thursday, August 9th. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $73.88.

NASDAQ CYBR traded up $3.89 on Wednesday, hitting $71.70. 1,359,971 shares of the stock traded hands, compared to its average volume of 473,464. Cyberark Software has a twelve month low of $40.63 and a twelve month high of $81.24. The stock has a market capitalization of $2.42 billion, a P/E ratio of 98.22, a PEG ratio of 4.51 and a beta of 2.08.

Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.12. Cyberark Software had a return on equity of 7.67% and a net margin of 6.80%. The firm had revenue of $77.71 million for the quarter, compared to analysts’ expectations of $72.93 million. As a group, research analysts anticipate that Cyberark Software will post 0.76 EPS for the current fiscal year.

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

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