Cyberark Software (NASDAQ:CYBR) issued its quarterly earnings results on Wednesday. The technology company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.27 by $0.21, Briefing.com reports. The company had revenue of $84.70 million for the quarter, compared to the consensus estimate of $78.82 million. Cyberark Software had a net margin of 6.80% and a return on equity of 7.67%. The firm’s revenue was up 30.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS.
CYBR stock traded up $6.30 during mid-day trading on Thursday, reaching $78.00. The company had a trading volume of 3,637,361 shares, compared to its average volume of 488,091. The company has a market capitalization of $2.41 billion, a P/E ratio of 106.85, a P/E/G ratio of 4.51 and a beta of 2.08. Cyberark Software has a 12 month low of $40.63 and a 12 month high of $84.21.
Several equities analysts recently commented on CYBR shares. Morgan Stanley upgraded shares of Cyberark Software from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $71.00 to $92.00 in a report on Thursday, September 27th. Wedbush started coverage on shares of Cyberark Software in a report on Thursday, October 18th. They set an “outperform” rating and a $85.00 price target on the stock. Barclays cut their price target on shares of Cyberark Software from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Thursday, July 12th. BidaskClub downgraded shares of Cyberark Software from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 18th. Finally, Zacks Investment Research upgraded shares of Cyberark Software from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Friday, August 10th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $77.78.
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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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