CyberArk Software (NASDAQ:CYBR) Posts Earnings Results, Beats Estimates By $0.14 EPS

CyberArk Software (NASDAQ:CYBR) released its quarterly earnings data on Thursday. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14, Briefing.com reports. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The firm had revenue of $224.71 million for the quarter, compared to the consensus estimate of $219.06 million. During the same quarter in the previous year, the firm earned ($0.58) earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis.

CyberArk Software Trading Up 3.8 %

CYBR traded up $10.13 during midday trading on Friday, hitting $273.72. The company’s stock had a trading volume of 934,482 shares, compared to its average volume of 555,036. CyberArk Software has a 52-week low of $148.01 and a 52-week high of $284.10. The firm has a 50-day moving average price of $258.55 and a two-hundred day moving average price of $252.74. The firm has a market cap of $11.57 billion, a P/E ratio of -427.69 and a beta of 1.14.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CYBR. Barclays boosted their price target on CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. DA Davidson boosted their target price on CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday. Rosenblatt Securities restated a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a research report on Tuesday, August 6th. Canaccord Genuity Group decreased their price objective on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 4th. Finally, Robert W. Baird raised their target price on shares of CyberArk Software from $295.00 to $315.00 and gave the company an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $290.83.

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.