Cyberark Software Ltd (NASDAQ:CYBR) – Analysts at Oppenheimer increased their Q2 2019 EPS estimates for shares of Cyberark Software in a research note issued on Wednesday, May 15th. Oppenheimer analyst S. Eyal now expects that the technology company will earn $0.25 per share for the quarter, up from their prior estimate of $0.21. Oppenheimer also issued estimates for Cyberark Software’s Q3 2019 earnings at $0.22 EPS, FY2019 earnings at $1.21 EPS, Q4 2020 earnings at $0.51 EPS, FY2020 earnings at $1.26 EPS and FY2021 earnings at $1.41 EPS.

Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings data on Tuesday, May 14th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.33. The business had revenue of $95.94 million during the quarter, compared to analysts’ expectations of $92.42 million. Cyberark Software had a return on equity of 12.73% and a net margin of 14.79%. The company’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley set a $126.00 price target on Cyberark Software and gave the stock a “buy” rating in a report on Friday, February 15th. Evercore ISI reaffirmed a “buy” rating and issued a $96.00 price target on shares of Cyberark Software in a report on Wednesday, February 13th. BidaskClub raised Cyberark Software from a “buy” rating to a “strong-buy” rating in a report on Friday, March 1st. Bank of America upped their price target on Cyberark Software from $116.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, FBN Securities started coverage on Cyberark Software in a report on Tuesday, March 19th. They issued an “outperform” rating and a $130.00 price target for the company. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Cyberark Software has a consensus rating of “Buy” and a consensus price target of $107.55.

Shares of CYBR stock opened at $132.66 on Monday. The stock has a market capitalization of $4.67 billion, a PE ratio of 92.77, a P/E/G ratio of 6.82 and a beta of 1.87. Cyberark Software has a 52-week low of $58.63 and a 52-week high of $133.49.

Several institutional investors have recently made changes to their positions in CYBR. Neuberger Berman Group LLC raised its holdings 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 valued at $25,333,000 after acquiring an additional 21,188 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of Cyberark Software during the third quarter valued at approximately $4,976,000. IFP Advisors Inc raised its holdings in shares of Cyberark Software by 131.3% during the fourth quarter. IFP Advisors Inc now owns 1,413 shares of the technology company’s stock valued at $104,000 after acquiring an additional 802 shares during the last quarter. Winslow Evans & Crocker Inc. raised its holdings in shares of Cyberark Software by 37.4% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 3,676 shares of the technology company’s stock valued at $274,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Cyberark Software during the fourth quarter valued at approximately $1,004,000. 80.76% of the stock is owned by institutional investors and hedge funds.

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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