In the latest close session, CyberArk (CYBR) was up +1.94% at $500.49. The stock outpaced the S&P 500's daily gain of 1.07%. Meanwhile, the Dow experienced a rise of 1.12%, and the technology-dominated Nasdaq saw an increase of 1.37%.
The maker of software that detects attacks on privileged accounts's shares have seen an increase of 0.06% over the last month, not keeping up with the Computer and Technology sector's gain of 2.68% and the S&P 500's gain of 1.08%.
Investors will be eagerly watching for the performance of CyberArk in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.92, signifying a 2.13% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $327.05 million, indicating a 36.21% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.86 per share and revenue of $1.33 billion. These totals would mark changes of +27.39% and +32.53%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for CyberArk. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 72.54% lower. Right now, CyberArk possesses a Zacks Rank of #4 (Sell).
Digging into valuation, CyberArk currently has a Forward P/E ratio of 127.33. For comparison, its industry has an average Forward P/E of 68.44, which means CyberArk is trading at a premium to the group.
Also, we should mention that CYBR has a PEG ratio of 5.24. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Security industry had an average PEG ratio of 2.77.
The Security industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 191, placing it within the bottom 23% of over 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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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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