Q4 2023 EPS Estimates for CyberArk Software Ltd. Cut by Zacks Research (NASDAQ:CYBR)

Posted by Defense World Staff on Jun 26th, 2023

CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) – Investment analysts at Zacks Research lowered their Q4 2023 EPS estimates for CyberArk Software in a research note issued on Wednesday, June 21st. Zacks Research analyst A. Bhagat now expects that the technology company will post earnings of ($0.42) per share for the quarter, down from their previous forecast of ($0.41). The consensus estimate for CyberArk Software’s current full-year earnings is ($2.60) per share. Zacks Research also issued estimates for CyberArk Software’s Q1 2024 earnings at ($0.62) EPS, Q2 2024 earnings at ($0.63) EPS, Q3 2024 earnings at ($0.56) EPS, Q4 2024 earnings at ($0.45) EPS, FY2024 earnings at ($2.26) EPS, Q1 2025 earnings at ($0.45) EPS and FY2025 earnings at ($0.98) EPS.

Several other brokerages have also recently issued reports on CYBR. Rosenblatt Securities assumed coverage on CyberArk Software in a research report on Monday, May 1st. They issued a “buy” rating and a $175.00 target price on the stock. StockNews.com assumed coverage on shares of CyberArk Software in a research report on Thursday, May 18th. They set a “hold” rating for the company. TheStreet raised shares of CyberArk Software from a “d+” rating to a “c-” rating in a report on Tuesday, June 20th. Bank of America lifted their price target on shares of CyberArk Software from $175.00 to $187.00 in a research note on Thursday, May 25th. Finally, Truist Financial initiated coverage on CyberArk Software in a research note on Friday, April 21st. They issued a “buy” rating and a $185.00 price objective for the company. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.77.

CyberArk Software Stock Performance

Shares of CYBR opened at $153.17 on Monday. The firm has a market capitalization of $6.40 billion, a P/E ratio of -49.09 and a beta of 1.07. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.31 and a quick ratio of 2.31. CyberArk Software has a one year low of $113.19 and a one year high of $165.18. The business has a fifty day moving average of $143.52 and a 200 day moving average of $139.73.

CyberArk Software (NASDAQ:CYBR – Get Rating) last posted its earnings results on Thursday, May 11th. The technology company reported ($0.80) EPS for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.19. The business had revenue of $161.71 million during the quarter, compared to the consensus estimate of $162.10 million. CyberArk Software had a negative net margin of 20.39% and a negative return on equity of 17.33%.

Institutional Trading of CyberArk Software

Hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC grew its position in shares of CyberArk Software by 2.5% during the fourth quarter. Intech Investment Management LLC now owns 3,299 shares of the technology company’s stock valued at $428,000 after purchasing an additional 79 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in CyberArk Software by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 22,305 shares of the technology company’s stock worth $2,892,000 after acquiring an additional 79 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in CyberArk Software by 0.6% in the 1st quarter. Banque Cantonale Vaudoise now owns 13,347 shares of the technology company’s stock worth $1,975,000 after acquiring an additional 84 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of CyberArk Software by 6.1% during the 3rd quarter. MML Investors Services LLC now owns 1,704 shares of the technology company’s stock worth $255,000 after acquiring an additional 98 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of CyberArk Software by 2.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,702 shares of the technology company’s stock valued at $609,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

About CyberArk Software

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CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.