Research Analysts Set Expectations for CyberArk Software Ltd.’s Q3 2017 Earnings (CYBR)

CyberArk Software Ltd. (NASDAQ:CYBR) – Research analysts at Oppenheimer Holdings cut their Q3 2017 earnings estimates for CyberArk Software in a note issued to investors on Wednesday. Oppenheimer Holdings analyst S. Eyal now forecasts that the technology company will post earnings of $0.06 per share for the quarter, down from their prior estimate of $0.12. Oppenheimer Holdings currently has a “Outperform” rating and a $51.00 price objective on the stock. Oppenheimer Holdings also issued estimates for CyberArk Software’s Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.09 EPS and Q4 2018 earnings at $0.29 EPS.

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Several other equities analysts have also recently commented on the stock. Summit Redstone raised shares of CyberArk Software from a “hold” rating to a “buy” rating in a research report on Thursday. BidaskClub cut shares of CyberArk Software from a “buy” rating to a “hold” rating in a research report on Wednesday. Evercore ISI set a $56.00 price target on shares of CyberArk Software and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research cut shares of CyberArk Software from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $43.00 price target (down previously from $53.00) on shares of CyberArk Software in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. CyberArk Software presently has an average rating of “Hold” and a consensus price target of $51.17.

Shares of CyberArk Software (NASDAQ:CYBR) opened at 40.21 on Friday. CyberArk Software has a 52-week low of $39.57 and a 52-week high of $59.28. The firm has a market cap of $1.19 billion, a PE ratio of 51.62 and a beta of 2.57. The stock’s 50 day moving average price is $45.17 and its 200-day moving average price is $49.49.

Several large investors have recently made changes to their positions in the stock. Legal & General Group Plc raised its stake in shares of CyberArk Software by 6.1% in the second quarter. Legal & General Group Plc now owns 5,213 shares of the technology company’s stock valued at $260,000 after buying an additional 300 shares during the last quarter. Swiss National Bank raised its stake in shares of CyberArk Software by 1.1% in the first quarter. Swiss National Bank now owns 35,900 shares of the technology company’s stock valued at $1,826,000 after buying an additional 400 shares during the last quarter. US Bancorp DE raised its stake in shares of CyberArk Software by 7.3% in the first quarter. US Bancorp DE now owns 6,959 shares of the technology company’s stock valued at $354,000 after buying an additional 476 shares during the last quarter. Congress Asset Management Co. MA raised its stake in shares of CyberArk Software by 0.5% in the second quarter. Congress Asset Management Co. MA now owns 174,798 shares of the technology company’s stock valued at $8,731,000 after buying an additional 867 shares during the last quarter. Finally, Creative Planning raised its stake in shares of CyberArk Software by 4.1% in the second quarter. Creative Planning now owns 25,148 shares of the technology company’s stock valued at $1,256,000 after buying an additional 995 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

CyberArk Software Company Profile

CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.

Earnings History and Estimates for CyberArk Software (NASDAQ:CYBR)

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