Wall Street analysts expect Cyberark Software Ltd (NASDAQ:CYBR) to report earnings of $0.42 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Cyberark Software’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.43. Cyberark Software reported earnings of $0.36 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.7%. The firm is expected to issue its next quarterly earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that Cyberark Software will report full-year earnings of $1.98 per share for the current year, with EPS estimates ranging from $1.95 to $2.04. For the next fiscal year, analysts expect that the firm will report earnings of $2.39 per share, with EPS estimates ranging from $2.13 to $2.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Cyberark Software.

Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings data on Tuesday, May 14th. The technology company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.33. The company had revenue of $95.94 million during the quarter, compared to the consensus estimate of $92.42 million. Cyberark Software had a net margin of 13.72% and a return on equity of 12.24%. Cyberark Software’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share.

A number of equities analysts recently commented on CYBR shares. Wedbush boosted their price objective on shares of Cyberark Software from $95.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, February 15th. Morgan Stanley set a $126.00 price objective on shares of Cyberark Software and gave the stock a “buy” rating in a research note on Friday, February 15th. Bank of America boosted their price objective on shares of Cyberark Software from $116.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. BidaskClub raised Cyberark Software from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 1st. Finally, Barclays reaffirmed a “hold” rating and set a $112.00 price target on shares of Cyberark Software in a research report on Friday, February 15th. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $107.55.

Shares of NASDAQ:CYBR opened at $126.12 on Monday. The company has a market capitalization of $4.47 billion, a P/E ratio of 88.20, a price-to-earnings-growth ratio of 5.33 and a beta of 1.87. Cyberark Software has a 52 week low of $58.39 and a 52 week high of $133.49.

Several hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC grew its holdings in shares of Cyberark Software by 2.1% during the first quarter. Acadian Asset Management LLC now owns 1,510,482 shares of the technology company’s stock valued at $179,824,000 after buying an additional 30,358 shares during the last quarter. Swedbank purchased a new stake in shares of Cyberark Software during the first quarter valued at $120,062,000. OppenheimerFunds Inc. grew its holdings in shares of Cyberark Software by 21.4% during the first quarter. OppenheimerFunds Inc. now owns 735,302 shares of the technology company’s stock valued at $87,538,000 after buying an additional 129,450 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Cyberark Software by 31.5% during the fourth quarter. Two Sigma Investments LP now owns 693,815 shares of the technology company’s stock valued at $51,439,000 after buying an additional 166,371 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Cyberark Software by 3.2% during the first quarter. BlackRock Inc. now owns 690,551 shares of the technology company’s stock valued at $82,210,000 after buying an additional 21,658 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Cyberark Software Company Profile

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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