Cyberark Software Ltd (NASDAQ:CYBR) Forecasted to Earn Q4 2020 Earnings of $0.61 Per Share

Cyberark Software Ltd (NASDAQ:CYBR) – Equities researchers at Oppenheimer upped their Q4 2020 earnings estimates for Cyberark Software in a note issued to investors on Wednesday, November 6th. Oppenheimer analyst S. Eyal now anticipates that the technology company will post earnings of $0.61 per share for the quarter, up from their previous forecast of $0.59.

CYBR has been the subject of several other reports. Wedbush restated an “outperform” rating on shares of Cyberark Software in a report on Wednesday, November 6th. ValuEngine upgraded shares of Cyberark Software from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. UBS Group reduced their target price on shares of Cyberark Software from $131.00 to $128.00 and set a “neutral” rating for the company in a research note on Thursday. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $163.00 target price on shares of Cyberark Software in a research note on Thursday. Finally, BidaskClub upgraded shares of Cyberark Software from a “strong sell” rating to a “sell” rating in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. Cyberark Software currently has an average rating of “Buy” and a consensus target price of $130.50.

Shares of NASDAQ CYBR traded down $0.30 during mid-day trading on Monday, reaching $113.80. The company had a trading volume of 25,722 shares, compared to its average volume of 877,969. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 79.48, a PEG ratio of 5.14 and a beta of 1.61. The stock has a fifty day moving average of $103.06 and a two-hundred day moving average of $120.07. Cyberark Software has a 12-month low of $64.66 and a 12-month high of $148.74.

Cyberark Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.18. Cyberark Software had a return on equity of 13.47% and a net margin of 15.23%. The business had revenue of $108.12 million during the quarter, compared to analyst estimates of $103.04 million. During the same quarter last year, the firm earned $0.48 earnings per share. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year.

A number of institutional investors have recently made changes to their positions in the business. Axiom International Investors LLC DE grew its stake in shares of Cyberark Software by 115.0% during the second quarter. Axiom International Investors LLC DE now owns 751,735 shares of the technology company’s stock valued at $96,102,000 after buying an additional 402,100 shares during the last quarter. Manning & Napier Group LLC lifted its holdings in Cyberark Software by 6.6% during the second quarter. Manning & Napier Group LLC now owns 72,375 shares of the technology company’s stock worth $9,252,000 after buying an additional 4,475 shares during the period. Comerica Bank lifted its holdings in Cyberark Software by 57.9% during the second quarter. Comerica Bank now owns 3,255 shares of the technology company’s stock worth $458,000 after buying an additional 1,193 shares during the period. National Asset Management Inc. lifted its holdings in Cyberark Software by 64.9% during the second quarter. National Asset Management Inc. now owns 2,771 shares of the technology company’s stock worth $355,000 after buying an additional 1,091 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in Cyberark Software by 4.1% during the second quarter. Janney Montgomery Scott LLC now owns 50,774 shares of the technology company’s stock worth $6,491,000 after buying an additional 2,022 shares during the period. 74.37% of the stock is currently owned by hedge funds and other institutional investors.

About Cyberark Software

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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