Wall Street brokerages expect Cyberark Software Ltd (NASDAQ:CYBR) to announce sales of $78.81 million for the current quarter, according to Zacks. Seven analysts have made estimates for Cyberark Software’s earnings. The highest sales estimate is $79.00 million and the lowest is $78.53 million. Cyberark Software posted sales of $64.82 million during the same quarter last year, which indicates a positive year-over-year growth rate of 21.6%. The firm is expected to issue its next earnings report after the market closes on Wednesday, November 7th.
According to Zacks, analysts expect that Cyberark Software will report full year sales of $322.28 million for the current financial year, with estimates ranging from $317.62 million to $323.80 million. For the next year, analysts expect that the business will report sales of $382.37 million, with estimates ranging from $374.50 million to $395.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Cyberark Software.
Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.12. Cyberark Software had a net margin of 6.80% and a return on equity of 7.67%. The business had revenue of $77.71 million during the quarter, compared to the consensus estimate of $72.93 million.
NASDAQ CYBR opened at $70.06 on Friday. Cyberark Software has a 12-month low of $40.63 and a 12-month high of $81.24. The firm has a market capitalization of $2.84 billion, a P/E ratio of 95.97, a price-to-earnings-growth ratio of 5.30 and a beta of 2.06.
A number of institutional investors and hedge funds have recently bought and sold shares of CYBR. Winslow Evans & Crocker Inc. bought a new stake in shares of Cyberark Software during the 3rd quarter worth $214,000. FundX Investment Group LLC bought a new stake in shares of Cyberark Software during the 2nd quarter worth $220,000. Allianz Asset Management GmbH bought a new stake in shares of Cyberark Software during the 1st quarter worth $228,000. Russell Investments Group Ltd. bought a new stake in shares of Cyberark Software during the 2nd quarter worth $238,000. Finally, CIBC World Markets Inc. bought a new stake in shares of Cyberark Software during the 1st quarter worth $245,000. 76.90% of the stock is currently owned by hedge funds and other institutional investors.
About Cyberark Software
CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.
Featured Article: The benefits and drawbacks of dollar cost averaging
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.