Cyberark Software Ltd (NASDAQ:CYBR) – Investment analysts at Oppenheimer raised their Q4 2020 earnings estimates for Cyberark Software in a research report issued on Wednesday, November 6th, Zacks Investment Research reports. Oppenheimer analyst S. Eyal now expects that the technology company will earn $0.61 per share for the quarter, up from their prior forecast of $0.59.
Cyberark Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.18. The business had revenue of $108.12 million during the quarter, compared to the consensus estimate of $103.04 million. Cyberark Software had a return on equity of 12.94% and a net margin of 16.09%. The firm’s revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share.
A number of other research firms also recently commented on CYBR. Dougherty & Co upped their price objective on Cyberark Software from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Cowen assumed coverage on Cyberark Software in a report on Wednesday, August 21st. They issued an “outperform” rating and a $145.00 price target for the company. Piper Jaffray Companies assumed coverage on Cyberark Software in a report on Friday, November 8th. They issued a “neutral” rating and a $120.00 price target for the company. Wedbush restated an “outperform” rating on shares of Cyberark Software in a report on Wednesday, November 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $145.00 price target on shares of Cyberark Software in a report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Cyberark Software has a consensus rating of “Buy” and an average price target of $130.35.
NASDAQ CYBR traded up $0.44 on Monday, reaching $119.38. The company had a trading volume of 323,599 shares, compared to its average volume of 859,829. The stock’s 50 day moving average is $110.86 and its 200-day moving average is $119.09. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 83.48, a PEG ratio of 4.61 and a beta of 1.63. Cyberark Software has a 52 week low of $65.90 and a 52 week high of $148.74.
Several hedge funds have recently bought and sold shares of the company. SeaCrest Wealth Management LLC boosted its position in shares of Cyberark Software by 2.3% during the second quarter. SeaCrest Wealth Management LLC now owns 3,275 shares of the technology company’s stock worth $419,000 after buying an additional 75 shares during the period. Cetera Advisors LLC boosted its position in Cyberark Software by 1.1% during the third quarter. Cetera Advisors LLC now owns 9,466 shares of the technology company’s stock valued at $946,000 after purchasing an additional 103 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its position in Cyberark Software by 5.5% during the third quarter. Campbell & CO Investment Adviser LLC now owns 2,017 shares of the technology company’s stock valued at $201,000 after purchasing an additional 105 shares during the last quarter. NEXT Financial Group Inc boosted its position in Cyberark Software by 59.5% during the second quarter. NEXT Financial Group Inc now owns 319 shares of the technology company’s stock valued at $41,000 after purchasing an additional 119 shares during the last quarter. Finally, Connors Investor Services Inc. boosted its position in Cyberark Software by 0.5% during the third quarter. Connors Investor Services Inc. now owns 26,430 shares of the technology company’s stock valued at $2,638,000 after purchasing an additional 120 shares during the last quarter. 79.42% of the stock is owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.