CyberArk Software (CYBR) to Release Quarterly Earnings on Thursday

CyberArk Software (NASDAQ:CYBR) is projected to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.71 per share and revenue of $301.46 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company’s revenue was up 25.6% on a year-over-year basis. During the same period last year, the business earned ($0.31) EPS. On average, analysts expect CyberArk Software to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CyberArk Software Trading Up 1.1 %

Shares of CYBR stock opened at $380.34 on Thursday. The company has a market cap of $16.57 billion, a P/E ratio of 1,408.72 and a beta of 1.15. The firm has a fifty day moving average price of $337.03 and a 200 day moving average price of $301.09. CyberArk Software has a 12 month low of $223.09 and a 12 month high of $382.19.

Analyst Ratings Changes

CYBR has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price objective on CyberArk Software from $355.00 to $375.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Barclays upped their price target on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Piper Sandler raised their price objective on shares of CyberArk Software from $345.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Morgan Stanley restated an “equal weight” rating and set a $316.00 price objective on shares of CyberArk Software in a research report on Tuesday, December 31st. Finally, Mizuho increased their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and an average price target of $369.67.

About CyberArk Software

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.