Equities analysts expect that Cyberark Software Ltd (NASDAQ:CYBR) will report sales of $69.31 million for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Cyberark Software’s earnings, with the lowest sales estimate coming in at $69.10 million and the highest estimate coming in at $69.75 million. Cyberark Software reported sales of $59.04 million during the same quarter last year, which would suggest a positive year over year growth rate of 17.4%. The firm is scheduled to report its next earnings results on Thursday, May 10th.
According to Zacks, analysts expect that Cyberark Software will report full year sales of $69.31 million for the current year, with estimates ranging from $314.00 million to $315.97 million. For the next fiscal year, analysts expect that the firm will report sales of $369.28 million per share, with estimates ranging from $358.80 million to $376.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Cyberark Software.
Cyberark Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 15th. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $80.37 million during the quarter, compared to analyst estimates of $75.62 million. Cyberark Software had a return on equity of 6.88% and a net margin of 6.12%. Cyberark Software’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS.
Cyberark Software (NASDAQ CYBR) traded up $0.22 on Friday, reaching $51.21. The company’s stock had a trading volume of 354,140 shares, compared to its average volume of 541,844. The company has a market cap of $1,770.00, a price-to-earnings ratio of 116.20, a price-to-earnings-growth ratio of 5.89 and a beta of 2.12. Cyberark Software has a fifty-two week low of $39.34 and a fifty-two week high of $55.63.
Several institutional investors have recently bought and sold shares of CYBR. Northern Trust Corp grew its stake in shares of Cyberark Software by 25.9% in the 2nd quarter. Northern Trust Corp now owns 86,093 shares of the technology company’s stock worth $4,300,000 after buying an additional 17,695 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Cyberark Software by 59.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,495 shares of the technology company’s stock worth $924,000 after buying an additional 6,897 shares during the last quarter. State Street Corp grew its stake in shares of Cyberark Software by 36.0% in the 2nd quarter. State Street Corp now owns 158,397 shares of the technology company’s stock worth $7,909,000 after buying an additional 41,955 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of Cyberark Software by 32.6% in the 3rd quarter. Nationwide Fund Advisors now owns 55,631 shares of the technology company’s stock worth $2,281,000 after buying an additional 13,685 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Cyberark Software by 42.2% in the 3rd quarter. First Trust Advisors LP now owns 230,174 shares of the technology company’s stock worth $9,437,000 after buying an additional 68,326 shares during the last quarter. Institutional investors own 76.68% of the company’s stock.
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About Cyberark Software
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.
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