CyberArk Software (NASDAQ:CYBR) Issues FY 2022 Earnings Guidance

CyberArk Software (NASDAQ:CYBRGet 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.

CyberArk Software (NASDAQ:CYBRGet Rating) last issued its quarterly earnings data on Wednesday, August 10th. The technology company reported ($0.88) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.07. The business had revenue of $142.33 million for the quarter, compared to analysts’ expectations of $138.45 million. CyberArk Software had a negative net margin of 22.37% and a negative return on equity of 15.42%. The company’s revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.45) earnings per share. As a group, analysts expect that CyberArk Software will post -3.65 EPS for the current fiscal year.

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

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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, 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.

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