CyberArk Software (NASDAQ:CYBR) Announces Quarterly Earnings Results, Beats Expectations By $0.20 EPS

CyberArk Software (NASDAQ:CYBR) announced its earnings results on Thursday. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.20, Briefing.com reports. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the firm posted $0.80 earnings per share.

CyberArk Software Trading Down 0.1%

CYBR traded down $0.37 during trading on Thursday, reaching $408.85. The company had a trading volume of 8,285,000 shares, compared to its average volume of 1,241,315. The firm’s 50-day simple moving average is $444.92 and its 200 day simple moving average is $460.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00. The company has a market cap of $20.64 billion, a price-to-earnings ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91. CyberArk Software has a 12-month low of $288.63 and a 12-month high of $526.19.

Wall Street Analyst Weigh In

CYBR has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of CyberArk Software in a report on Thursday, January 29th. Canaccord Genuity Group downgraded CyberArk Software from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $440.00 to $502.00 in a research note on Wednesday, October 15th. DA Davidson upped their price objective on CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Zacks Research raised CyberArk Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Finally, Jefferies Financial Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, CyberArk Software presently has a consensus rating of “Hold” and an average target price of $462.46.

Institutional Investors Weigh In On CyberArk Software

Several hedge funds have recently made changes to their positions in the company. Prevail Innovative Wealth Advisors LLC bought a new position in shares of CyberArk Software in the second quarter valued at approximately $839,000. Two Sigma Securities LLC acquired a new position in shares of CyberArk Software during the second quarter worth approximately $820,000. Shay Capital LLC bought a new stake in shares of CyberArk Software in the second quarter valued at approximately $448,000. Diversify Advisory Services LLC grew its stake in shares of CyberArk Software by 47.8% in the second quarter. Diversify Advisory Services LLC now owns 1,930 shares of the technology company’s stock worth $807,000 after acquiring an additional 624 shares during the last quarter. Finally, AQR Capital Management LLC bought a new position in CyberArk Software during the first quarter worth $284,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

About CyberArk Software

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.