CyberArk Software Ltd. (NASDAQ:CYBR) Forecasted to Earn FY2024 Earnings of ($2.43) Per Share

CyberArk Software Ltd.  (NASDAQ:CYBR) Forecasted to Earn FY2024 Earnings of (.43) Per Share

CyberArk Software Ltd. (NASDAQ:CYBR – Free Report) – Stock analysts at Cantor Fitzgerald issued their FY2024 earnings estimates for shares of CyberArk Software in a research report issued to clients and investors on Tuesday, July 11th. Cantor Fitzgerald analyst J. Ruykhaver anticipates that the technology company will earn ($2.43) per share for the year. The consensus estimate for CyberArk Software’s current full-year earnings is ($2.60) per share.

Several other brokerages have also issued reports on CYBR. TheStreet raised shares of CyberArk Software from a “d+” rating to a “c-” rating in a research note on Tuesday, June 20th. Truist Financial started coverage on shares of CyberArk Software in a report on Friday, April 21st. They set a “buy” rating and a $185.00 target price on the stock. Bank of America raised their target price on shares of CyberArk Software from $175.00 to $187.00 in a research note on Thursday, May 25th. Barclays raised their target price on shares of CyberArk Software from $175.00 to $178.00 in a research note on Friday, May 12th. Finally, Rosenblatt Securities began coverage on shares of CyberArk Software in a research report on Monday, May 1st. They set a “buy” rating and a $175.00 price objective for the company. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.77.

CyberArk Software Stock Up 2.6 %

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Shares of NASDAQ:CYBR opened at $160.95 on Thursday. CyberArk Software has a 12 month low of $113.19 and a 12 month high of $165.18. The company’s 50-day moving average price is $151.10 and its two-hundred day moving average price is $141.83. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.84. The firm has a market cap of $6.72 billion, a P/E ratio of -51.59 and a beta of 1.05.

CyberArk Software (NASDAQ:CYBR – Get Free Report) last announced its quarterly earnings data on Thursday, May 11th. The technology company reported earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.19. CyberArk Software had a negative net margin of 20.39% and a negative return on equity of 17.33%. The company had revenue of $161.71 million during the quarter, compared to analysts’ expectations of $162.10 million.

Hedge Funds Weigh In On CyberArk Software

Institutional investors and hedge funds have recently modified their holdings of the stock. 1832 Asset Management LP bought a new stake in CyberArk Software during the 4th quarter valued at $33,000. Achmea Investment Management BV acquired a new position in shares of CyberArk Software in the 4th quarter valued at about $35,000. Pacer Advisors Inc. lifted its holdings in shares of CyberArk Software by 1,089.3% in the 4th quarter. Pacer Advisors Inc. now owns 333 shares of the technology company’s stock valued at $43,000 after buying an additional 305 shares during the period. Tucker Asset Management LLC acquired a new position in CyberArk Software in the 1st quarter worth about $44,000. Finally, Heritage Wealth Management LLC raised its holdings in CyberArk Software by 86.1% in the 4th quarter. Heritage Wealth Management LLC now owns 456 shares of the technology company’s stock worth $59,000 after purchasing an additional 211 shares during the period. 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 privileges across cloud environments.

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Earnings History and Estimates for CyberArk Software (NASDAQ:CYBR)

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