CyberArk (CYBR) ended the recent trading session at $405.31, demonstrating a +2.56% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.61%. Meanwhile, the Dow gained 0.49%, and the Nasdaq, a tech-heavy index, added 0.95%.
The stock of maker of software that detects attacks on privileged accounts has fallen by 0.22% in the past month, lagging the Computer and Technology sector's gain of 5.6% and the S&P 500's gain of 3.85%.
Market participants will be closely following the financial results of CyberArk in its upcoming release. In that report, analysts expect CyberArk to post earnings of $0.79 per share. This would mark year-over-year growth of 46.3%. At the same time, our most recent consensus estimate is projecting a revenue of $315.43 million, reflecting a 40.37% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.83 per share and a revenue of $1.32 billion, indicating changes of +26.4% and +31.88%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for CyberArk. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 25.35% increase. CyberArk presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that CyberArk has a Forward P/E ratio of 103.3 right now. This valuation marks a premium compared to its industry average Forward P/E of 77.59.
We can additionally observe that CYBR currently boasts a PEG ratio of 4.25. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Security was holding an average PEG ratio of 3.23 at yesterday's closing price.
The Security industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 90, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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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