CyberArk Software (NASDAQ:CYBR – Get Rating) updated its FY 2022 earnings guidance on Friday. The company provided EPS guidance of -$0.82–$0.57 for the period, compared to the consensus EPS estimate of -$0.73. The company issued revenue guidance of $589.00 million-$601.00 million, compared to the consensus revenue estimate of $591.72 million. CyberArk Software also updated its Q3 2022 guidance to -$0.27–$0.14 EPS.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on CYBR. StockNews.com raised shares of CyberArk Software from a sell rating to a hold rating in a research note on Wednesday, May 25th. Cantor Fitzgerald initiated coverage on shares of CyberArk Software in a research report on Thursday. They issued an overweight rating and a $180.00 price objective for the company. TheStreet lowered shares of CyberArk Software from a c- rating to a d+ rating in a report on Wednesday, May 18th. Mizuho raised their price objective on CyberArk Software from $170.00 to $180.00 and gave the company a buy rating in a research report on Thursday, August 11th. Finally, Stephens started coverage on CyberArk Software in a research report on Wednesday, May 25th. They issued an overweight rating and a $170.00 target price for the company. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, CyberArk Software currently has a consensus rating of Moderate Buy and an average price target of $177.79.
CyberArk Software Stock Performance
Shares of NASDAQ:CYBR opened at $153.50 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.81 and a current ratio of 2.81. The firm’s 50 day moving average is $140.06 and its two-hundred day moving average is $145.89. CyberArk Software has a 52 week low of $100.35 and a 52 week high of $201.68.
Institutional Investors Weigh In On CyberArk Software
Hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in shares of CyberArk Software by 2.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,402 shares of the technology company’s stock valued at $563,000 after acquiring an additional 101 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of CyberArk Software by 4.4% during the second quarter. Captrust Financial Advisors now owns 2,425 shares of the technology company’s stock valued at $310,000 after purchasing an additional 103 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of CyberArk Software by 5.9% in the 1st quarter. Mackenzie Financial Corp now owns 1,918 shares of the technology company’s stock valued at $324,000 after purchasing an additional 107 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in CyberArk Software by 16.8% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,390 shares of the technology company’s stock worth $235,000 after purchasing an additional 200 shares in the last quarter. Finally, American International Group Inc. raised its holdings in CyberArk Software by 4.3% during the 1st quarter. American International Group Inc. now owns 5,846 shares of the technology company’s stock worth $987,000 after buying an additional 241 shares during the period. 88.36% of the stock is currently owned by institutional investors.
About CyberArk Software
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, 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.
- Get a free copy of the StockNews.com research report on CyberArk Software (CYBR)
- MarketBeat: Week in Review 9/5 – 9/9
- Prepare For A Record-Setting Quarter For Cyber Security Stocks
- The Auto Market Is Slowly Recovering, These Stocks May Outperform
- Is DocuSign On The Verge Of A Major Reversal?
- Oil and Gas Stocks: A Safe Way to Invest in Renewable Energy
Receive News & Ratings for CyberArk Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software and related companies with MarketBeat.com's FREE daily email newsletter.