CyberArk (CYBR) closed at $129.22 in the latest trading session, marking a +0.19% move from the prior day. This change outpaced the S&P 500's 0.45% loss on the day. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 0.5%.
Prior to today's trading, shares of the maker of software that detects attacks on privileged accounts had gained 12.92% over the past month. This has outpaced the Computer and Technology sector's gain of 2.84% and the S&P 500's gain of 2.62% in that time.
CYBR will be looking to display strength as it nears its next earnings release, which is expected to be May 14, 2019. In that report, analysts expect CYBR to post earnings of $0.41 per share. This would mark year-over-year growth of 28.13%. Our most recent consensus estimate is calling for quarterly revenue of $92.35 million, up 28.66% from the year-ago period.
CYBR's full-year Zacks Consensus Estimates are calling for earnings of $1.98 per share and revenue of $413.82 million. These results would represent year-over-year changes of -3.88% and +20.58%, respectively.
Investors might also notice recent changes to analyst estimates for CYBR. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate remained stagnant within the past month. CYBR currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that CYBR has a Forward P/E ratio of 65.03 right now. This represents a premium compared to its industry's average Forward P/E of 45.83.
Also, we should mention that CYBR has a PEG ratio of 3.17. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Security industry currently had an average PEG ratio of 2.49 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 58, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow CYBR in the coming trading sessions, be sure to utilize Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research