Cyberark Software (NASDAQ:CYBR) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.24-2.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.16. The company issued revenue guidance of $419-423 million, compared to the consensus revenue estimate of $418.81 million.Cyberark Software also updated its FY 2019 guidance to $2.24-2.30 EPS.
A number of brokerages have recently commented on CYBR. BidaskClub lowered shares of Cyberark Software from a buy rating to a hold rating in a research report on Tuesday. Bank of America increased their price objective on shares of Cyberark Software from $116.00 to $145.00 and gave the company a buy rating in a research report on Monday, May 6th. Dougherty & Co upped their price target on shares of Cyberark Software from $140.00 to $145.00 and gave the company a buy rating in a research note on Thursday. Evercore ISI set a $140.00 price objective on shares of Cyberark Software and gave the stock a buy rating in a research note on Wednesday. Finally, UBS Group downgraded shares of Cyberark Software from a buy rating to a neutral rating and increased their price objective for the stock from $119.00 to $132.00 in a research note on Thursday, April 25th. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $124.75.
CYBR stock traded down $4.67 during trading on Friday, reaching $118.51. The stock had a trading volume of 960,168 shares, compared to its average volume of 973,953. Cyberark Software has a 52 week low of $64.66 and a 52 week high of $148.74. The firm’s 50 day moving average is $132.93. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 82.87, a PEG ratio of 6.11 and a beta of 1.58.
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.
Featured Article: What does cost of debt say about a company’s financial health?
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.