Cyberark Software (NASDAQ:CYBR) Issues FY20 Earnings Guidance
Cyberark Software (NASDAQ:CYBR) updated its FY20 earnings guidance on Wednesday. The company provided EPS guidance of $2.26-2.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.78. The company issued revenue guidance of $511-519 million, compared to the consensus revenue estimate of $510.73 million.Cyberark Software also updated its FY 2020
Pre-Market guidance to 2.26-2.38 EPS.
A number of equities research analysts have recently commented on the stock. Piper Jaffray Companies assumed coverage on shares of Cyberark Software in a report on Friday, November 8th. They set a neutral rating and a $120.00 price target for the company. DA Davidson assumed coverage on shares of Cyberark Software in a report on Monday, January 13th. They set a neutral rating and a $125.00 price target for the company. UBS Group lowered their price target on shares of Cyberark Software from $128.00 to $123.00 and set a neutral rating for the company in a report on Thursday. Needham & Company LLC downgraded shares of Cyberark Software from a buy rating to a hold rating in a report on Thursday. Finally, Guggenheim lowered their price target on shares of Cyberark Software from $155.00 to $134.00 and set a buy rating for the company in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Cyberark Software presently has an average rating of Buy and an average target price of $138.90.
Shares of CYBR traded up $0.74 during mid-day trading on Friday, hitting $118.94. The company had a trading volume of 952,252 shares, compared to its average volume of 905,140. The business’s 50-day simple moving average is $133.14 and its 200-day simple moving average is $118.24. Cyberark Software has a 1-year low of $94.30 and a 1-year high of $148.74. The stock has a market cap of $5.25 billion, a PE ratio of 68.75, a P/E/G ratio of 5.59 and a beta of 1.50.
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.
Further Reading: Gross Domestic Product (GDP)
Receive News & Ratings for Cyberark Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cyberark Software and related companies with MarketBeat.com's FREE daily email newsletter.