In the latest trading session, CyberArk (CYBR) closed at $514.06, marking a +2.97% move from the previous day. This change outpaced the S&P 500's 0.58% gain on the day.
Prior to today's trading, shares of the maker of software that detects attacks on privileged accounts had gained 6.33% lagged the Computer and Technology sector's gain of 6.37% and outpaced the S&P 500's gain of 3.68%.
Analysts and investors alike will be keeping a close eye on the performance of CyberArk in its upcoming earnings disclosure. The company is expected to report EPS of $0.92, down 2.13% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $327.06 million, up 36.22% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.86 per share and a revenue of $1.33 billion, indicating changes of +27.39% and +32.48%, respectively, from the former 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 66.92% lower. At present, CyberArk boasts a Zacks Rank of #4 (Sell).
Looking at valuation, CyberArk is presently trading at a Forward P/E ratio of 129.48. This signifies a premium in comparison to the average Forward P/E of 67.83 for its industry.
Investors should also note that CYBR has a PEG ratio of 5.33 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Security industry had an average PEG ratio of 2.82.
The Security industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 197, positioning it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the 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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