In the latest trading session, CyberArk (CYBR) closed at $440.32, marking a -1.45% move from the previous day. The stock's change was less than the S&P 500's daily gain of 1.16%. Elsewhere, the Dow gained 1.21%, while the tech-heavy Nasdaq added 1.18%.
The maker of software that detects attacks on privileged accounts's shares have seen a decrease of 1.6% over the last month, not keeping up with the Computer and Technology sector's loss of 1.07% and the S&P 500's loss of 0.42%.
The investment community will be closely monitoring the performance of CyberArk in its forthcoming earnings report. The company is forecasted to report an EPS of $1.13, showcasing a 41.25% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $359.28 million, showing a 14.28% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.12 per share and a revenue of $1.33 billion, representing changes of +35.97% and 0%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for CyberArk. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Within the past 30 days, our consensus EPS projection has moved 1.86% higher. Right now, CyberArk possesses a Zacks Rank of #1 (Strong Buy).
With respect to valuation, CyberArk is currently being traded at a Forward P/E ratio of 92.1. This denotes a premium relative to the industry average Forward P/E of 51.12.
Meanwhile, CYBR's PEG ratio is currently 3.79. 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 2.66.
The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 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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