CyberArk Software (CYBR) Scheduled to Post Earnings on Thursday

CyberArk Software (NASDAQ:CYBR) is scheduled to issue its quarterly earnings data before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

CyberArk Software Price Performance

Shares of CYBR stock opened at $242.67 on Wednesday. The company has a market capitalization of $10.25 billion, a PE ratio of -379.17 and a beta of 1.14. The firm’s 50-day moving average is $256.60 and its two-hundred day moving average is $252.27. CyberArk Software has a 12 month low of $142.92 and a 12 month high of $284.10.

Analyst Ratings Changes

CYBR has been the topic of several analyst reports. Barclays lifted their price target on shares of CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Monday, May 20th. Canaccord Genuity Group lowered their price target on CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 4th. Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of CyberArk Software in a report on Tuesday, June 25th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, CyberArk Software has an average rating of “Moderate Buy” and a consensus price target of $280.63.

CyberArk Software Company Profile

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.