Cyberark Software (NASDAQ:CYBR) Releases FY 2020 Pre-Market Earnings Guidance

Cyberark Software (NASDAQ:CYBR) updated its FY 2020
Pre-Market earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.26-2.38 for the period, compared to the Thomson Reuters consensus estimate of $2.79. The company issued revenue guidance of $511-519 million, compared to the consensus revenue estimate of $510.36 million.Cyberark Software also updated its FY20 guidance to $2.26-2.38 EPS.

NASDAQ:CYBR traded up $0.74 on Friday, hitting $118.94. 930,522 shares of the company’s stock were exchanged, compared to its average volume of 903,560. The firm has a 50-day moving average price of $133.14 and a 200-day moving average price of $118.24. Cyberark Software has a 52 week low of $94.30 and a 52 week high of $148.74. The company has a market cap of $5.25 billion, a P/E ratio of 68.75, a price-to-earnings-growth ratio of 5.59 and a beta of 1.50.

Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.16. The company had revenue of $129.66 million during the quarter, compared to analysts’ expectations of $126.67 million. Cyberark Software had a return on equity of 12.94% and a net margin of 16.09%. Cyberark Software’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. Research analysts anticipate that Cyberark Software will post 1.56 earnings per share for the current year.

CYBR has been the topic of several analyst reports. BidaskClub upgraded Cyberark Software from a hold rating to a buy rating in a report on Saturday, January 11th. DA Davidson assumed coverage on Cyberark Software in a research note on Monday, January 13th. They issued a neutral rating and a $125.00 price target for the company. Guggenheim lowered their price target on Cyberark Software from $155.00 to $134.00 and set a buy rating on the stock in a research report on Thursday. Needham & Company LLC cut Cyberark Software from a buy rating to a hold rating in a research note on Thursday. Finally, UBS Group dropped their price objective on Cyberark Software from $128.00 to $123.00 and set a neutral rating on the stock in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Cyberark Software has a consensus rating of Buy and an average price target of $138.90.

Cyberark Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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