CyberArk Software (CYBR) Projected to Post Quarterly Earnings on Thursday

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

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million during 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 business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($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 Stock Performance

Shares of NASDAQ CYBR opened at $381.81 on Wednesday. The stock has a fifty day moving average price of $342.18 and a two-hundred day moving average price of $304.57. CyberArk Software has a 1 year low of $223.09 and a 1 year high of $394.31. The firm has a market cap of $16.64 billion, a P/E ratio of 1,414.16 and a beta of 1.15.

Wall Street Analysts Forecast Growth

CYBR has been the subject of several research reports. Needham & Company LLC raised their price objective on shares of CyberArk Software from $360.00 to $410.00 and gave the company a “buy” rating in a research report on Thursday, January 9th. DA Davidson raised their price objective on CyberArk Software from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Truist Financial increased their price objective on CyberArk Software from $350.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Susquehanna lifted their target price on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, JMP Securities restated a “market outperform” rating and issued a $360.00 target price on shares of CyberArk Software in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $373.96.

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.