Cyberark Software (NASDAQ:CYBR) Releases FY19 Earnings Guidance

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 (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.25 by $0.34. The firm had revenue of $100.18 million for the quarter, compared to the consensus estimate of $97.35 million. Cyberark Software had a return on equity of 13.96% and a net margin of 15.23%. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 earnings per share. Equities research analysts forecast that Cyberark Software will post 1.2 EPS for the current fiscal year.

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.

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

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