FY2024 EPS Estimate for CyberArk Software Raised by Analyst

CyberArk Software Ltd. (NASDAQ:CYBR) – Zacks Research raised their FY2024 EPS estimates for CyberArk Software in a report issued on Tuesday, December 3rd. Zacks Research analyst R. Department now expects that the technology company will post earnings per share of ($0.67) for the year, up from their prior estimate of ($1.19). The consensus estimate for CyberArk Software’s current full-year earnings is ($0.62) per share. Zacks Research also issued estimates for CyberArk Software’s Q4 2024 earnings at ($0.36) EPS, Q1 2025 earnings at ($0.22) EPS, Q2 2025 earnings at ($0.30) EPS, Q3 2025 earnings at ($0.28) EPS, Q4 2025 earnings at ($0.29) EPS, FY2025 earnings at ($1.09) EPS, Q1 2026 earnings at ($0.34) EPS, Q2 2026 earnings at ($0.49) EPS, Q3 2026 earnings at ($0.56) EPS and FY2026 earnings at ($1.49) EPS.

Several other analysts have also issued reports on the company. JMP Securities increased their target price on CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. Citigroup increased their price objective on shares of CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Barclays boosted their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. UBS Group upped their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, KeyCorp lifted their price objective on shares of CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Price Performance

CyberArk Software stock opened at $323.22 on Friday. The firm has a market cap of $14.08 billion, a PE ratio of 1,197.16 and a beta of 1.13. The stock’s fifty day moving average price is $299.12 and its two-hundred day moving average price is $275.80. CyberArk Software has a one year low of $198.01 and a one year high of $333.32.

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

Institutional Trading of CyberArk Software

Several institutional investors have recently modified their holdings of the business. Coldstream Capital Management Inc. lifted its holdings in CyberArk Software by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after buying an additional 42 shares during the period. Greenleaf Trust raised its position in shares of CyberArk Software by 2.5% during the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after acquiring an additional 45 shares during the last quarter. Signaturefd LLC lifted its stake in shares of CyberArk Software by 4.2% in the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after acquiring an additional 49 shares during the period. Austin Private Wealth LLC boosted its holdings in CyberArk Software by 6.8% in the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after acquiring an additional 52 shares during the last quarter. Finally, Arcadia Investment Management Corp MI increased its position in CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the period. 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.