In the latest trading session, CyberArk (CYBR) closed at $490.17, marking a +1.45% move from the previous day. This move outpaced the S&P 500's daily gain of 0.34%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.42%.
Prior to today's trading, shares of the maker of software that detects attacks on privileged accounts had gained 6.62% lagged the Computer and Technology sector's gain of 8.07% and outpaced the S&P 500's gain of 3.54%.
The upcoming earnings release of CyberArk will be of great interest to investors. In that report, analysts expect CyberArk to post earnings of $0.92 per share. This would mark a year-over-year decline of 2.13%. Alongside, our most recent consensus estimate is anticipating revenue of $327.06 million, indicating a 36.22% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.85 per share and revenue of $1.33 billion. These totals would mark changes of +27.06% and +32.48%, respectively, from last year.
Any recent changes to analyst estimates for CyberArk should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 69.56% lower. At present, CyberArk boasts a Zacks Rank of #4 (Sell).
Looking at its valuation, CyberArk is holding a Forward P/E ratio of 125.51. This denotes a premium relative to the industry average Forward P/E of 67.84.
We can additionally observe that CYBR currently boasts a PEG ratio of 5.16. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Security industry currently had an average PEG ratio of 2.76 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 152, finds itself in the bottom 39% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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CyberArk Software Ltd. (CYBR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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