What is Scotiabank’s Estimate for CYBR FY2024 Earnings?

CyberArk Software Ltd. (NASDAQ:CYBR) – Research analysts at Scotiabank issued their FY2024 EPS estimates for CyberArk Software in a report released on Wednesday, January 8th. Scotiabank analyst P. Colville expects that the technology company will post earnings of ($0.55) per share for the year. Scotiabank has a “Sector Outperform” rating and a $340.00 price objective on the stock. The consensus estimate for CyberArk Software’s current full-year earnings is ($0.58) per share. Scotiabank also issued estimates for CyberArk Software’s FY2025 earnings at ($0.20) EPS.

Several other research analysts have also recently weighed in on CYBR. Royal Bank of Canada upped their price target on shares of CyberArk Software from $358.00 to $385.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. KeyCorp upped their target price on CyberArk Software from $340.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Morgan Stanley reiterated an “equal weight” rating and set a $316.00 price target on shares of CyberArk Software in a research report on Tuesday, December 31st. Mizuho boosted their price objective on CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, DA Davidson raised their target price on shares of CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and an average target price of $350.22.

CyberArk Software Stock Down 0.2 %

Shares of NASDAQ CYBR opened at $343.79 on Monday. The company has a market cap of $14.98 billion, a P/E ratio of 1,273.34 and a beta of 1.13. CyberArk Software has a 52 week low of $213.37 and a 52 week high of $348.29. The business has a 50-day simple moving average of $318.20 and a two-hundred day simple moving average of $290.39.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. During the same period in the prior year, the firm earned ($0.31) earnings per share. The company’s revenue was up 25.6% compared to the same quarter last year.

Hedge Funds Weigh In On CyberArk Software

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of CyberArk Software in the 3rd quarter worth $82,485,000. Anomaly Capital Management LP purchased a new stake in CyberArk Software during the second quarter valued at approximately $49,145,000. Clearbridge Investments LLC grew its holdings in CyberArk Software by 250.0% in the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock worth $61,350,000 after purchasing an additional 160,269 shares during the last quarter. Hood River Capital Management LLC increased its position in shares of CyberArk Software by 59.2% during the second quarter. Hood River Capital Management LLC now owns 223,584 shares of the technology company’s stock worth $61,132,000 after purchasing an additional 83,172 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of CyberArk Software by 89.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company’s stock valued at $45,745,000 after purchasing an additional 78,887 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

About CyberArk Software

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.