FY2024 EPS Forecast for CyberArk Software Lifted by Analyst

CyberArk Software Ltd. (NASDAQ:CYBR) – Zacks Research lifted their FY2024 earnings per share (EPS) estimates for shares of CyberArk Software in a report released on Tuesday, December 3rd. Zacks Research analyst R. Department now anticipates that the technology company will post earnings of ($0.67) per share for the year, up from their prior forecast 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 research analysts also recently weighed in on the company. Wedbush upped their target price on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Barclays boosted their target price on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Mizuho upped their target price on CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Royal Bank of Canada boosted their target price on shares of CyberArk Software from $328.00 to $358.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group upped their price objective on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $328.37.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $327.57 on Friday. The firm has a fifty day moving average price of $298.31 and a 200 day moving average price of $275.29. The stock has a market cap of $14.27 billion, a PE ratio of 1,213.27 and a beta of 1.13. CyberArk Software has a 1 year low of $198.01 and a 1 year high of $333.32.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data 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 the consensus estimate of $234.10 million. During the same quarter in the previous year, the firm earned ($0.31) EPS. The company’s quarterly revenue was up 25.6% compared to the same quarter last year.

Institutional Investors Weigh In On CyberArk Software

A number of institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in shares of CyberArk Software in the second quarter valued at approximately $27,000. ORG Partners LLC bought a new stake in shares of CyberArk Software in the 2nd quarter worth approximately $33,000. 1620 Investment Advisors Inc. purchased a new stake in shares of CyberArk Software in the 2nd quarter worth about $39,000. Assetmark Inc. boosted its position in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares in the last quarter. Finally, Arcadia Investment Management Corp MI grew its position in shares of CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after buying an additional 54 shares during the period. 91.84% of the stock is owned by institutional investors.

CyberArk Software Company Profile

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.