Cantor Fitzgerald Predicts CYBR FY2024 Earnings

CyberArk Software Ltd. (NASDAQ:CYBR) – Research analysts at Cantor Fitzgerald issued their FY2024 earnings per share (EPS) estimates for shares of CyberArk Software in a research report issued on Tuesday, October 29th. Cantor Fitzgerald analyst J. Ruykhaver forecasts that the technology company will earn ($0.94) per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $335.00 price objective on the stock. The consensus estimate for CyberArk Software’s current full-year earnings is ($1.05) per share.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The firm had revenue of $224.71 million for the quarter, compared to analyst estimates of $219.06 million. During the same period last year, the company earned ($0.58) EPS. The firm’s quarterly revenue was up 27.8% on a year-over-year basis.

A number of other analysts also recently commented on CYBR. Susquehanna upped their price objective on CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a report on Friday, August 9th. BTIG Research raised their price objective on CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Wedbush boosted their target price on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Scotiabank initiated coverage on shares of CyberArk Software in a report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 price target on the stock. Finally, KeyCorp lifted their price target on shares of CyberArk Software from $310.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. One analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $307.92.

CyberArk Software Stock Performance

CyberArk Software stock opened at $276.16 on Friday. CyberArk Software has a 1 year low of $167.13 and a 1 year high of $308.63. The firm has a 50 day moving average price of $282.28 and a 200 day moving average price of $263.53. The company has a market cap of $12.03 billion, a price-to-earnings ratio of -863.00 and a beta of 1.12.

Institutional Investors Weigh In On CyberArk Software

A number of institutional investors have recently modified their holdings of the stock. Mather Group LLC. bought a new stake in CyberArk Software in the second quarter valued at about $27,000. Montag A & Associates Inc. acquired a new stake in shares of CyberArk Software during the 1st quarter valued at approximately $27,000. ORG Partners LLC bought a new position in CyberArk Software during the second quarter worth $33,000. Assetmark Inc. lifted its stake in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in CyberArk Software in the second quarter worth $39,000. Institutional investors and hedge funds 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.