Wall Street brokerages expect Cyberark Software Ltd (NASDAQ:CYBR) to report $0.59 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Cyberark Software’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.58. Cyberark Software posted earnings of $0.41 per share during the same quarter last year, which suggests a positive year over year growth rate of 43.9%. The firm is expected to report its next quarterly earnings results on Thursday, February 21st.

On average, analysts expect that Cyberark Software will report full-year earnings of $1.76 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.77. For the next fiscal year, analysts expect that the company will post earnings of $1.90 per share, with EPS estimates ranging from $1.71 to $2.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Cyberark Software.

Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.21. Cyberark Software had a net margin of 8.41% and a return on equity of 9.38%. The company had revenue of $84.70 million during the quarter, compared to the consensus estimate of $78.82 million. During the same quarter last year, the company earned $0.25 earnings per share. Cyberark Software’s revenue for the quarter was up 30.7% on a year-over-year basis.

Several analysts have issued reports on CYBR shares. Morgan Stanley raised shares of Cyberark Software from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $71.00 to $92.00 in a research report on Thursday, September 27th. Wedbush started coverage on shares of Cyberark Software in a research report on Thursday, October 18th. They issued an “outperform” rating and a $85.00 price objective for the company. Needham & Company LLC increased their price objective on shares of Cyberark Software from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, November 8th. Citigroup increased their price objective on shares of Cyberark Software to $85.00 and gave the company a “hold” rating in a research report on Thursday, November 8th. Finally, BidaskClub downgraded shares of Cyberark Software from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 18th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $78.94.

Several hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley grew its position in shares of Cyberark Software by 180.9% during the third quarter. Morgan Stanley now owns 1,198,230 shares of the technology company’s stock worth $95,668,000 after buying an additional 771,727 shares in the last quarter. Nordea Investment Management AB acquired a new stake in shares of Cyberark Software during the third quarter worth approximately $4,976,000. TIAA CREF Investment Management LLC grew its position in shares of Cyberark Software by 6.6% during the third quarter. TIAA CREF Investment Management LLC now owns 94,637 shares of the technology company’s stock worth $7,556,000 after buying an additional 5,861 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Cyberark Software by 7.2% during the third quarter. Teachers Advisors LLC now owns 119,000 shares of the technology company’s stock worth $9,501,000 after buying an additional 8,000 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of Cyberark Software by 7.2% during the third quarter. Neuberger Berman Group LLC now owns 317,299 shares of the technology company’s stock worth $25,333,000 after buying an additional 21,188 shares in the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:CYBR opened at $72.81 on Monday. Cyberark Software has a 52-week low of $40.63 and a 52-week high of $84.21. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 99.74, a PEG ratio of 4.32 and a beta of 2.09.

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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