In the latest trading session, CyberArk (CYBR) closed at $78, marking a +1.01% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.76%. Elsewhere, the Dow gained 0.67%, while the tech-heavy Nasdaq added 0.71%.
Coming into today, shares of the maker of software that detects attacks on privileged accounts had gained 8.65% in the past month. In that same time, the Computer and Technology sector lost 0.35%, while the S&P 500 gained 0.75%.
Investors will be hoping for strength from CYBR as it approaches its next earnings release, which is expected to be February 14, 2019. On that day, CYBR is projected to report earnings of $0.59 per share, which would represent year-over-year growth of 43.9%. Meanwhile, our latest consensus estimate is calling for revenue of $95.78 million, up 19.17% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for CYBR. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CYBR is currently a Zacks Rank #2 (Buy).
Looking at its valuation, CYBR is holding a Forward P/E ratio of 41.09. Its industry sports an average Forward P/E of 41.09, so we one might conclude that CYBR is trading at a no noticeable deviation comparatively.
We can also see that CYBR currently has a PEG ratio of 2.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Security industry currently had an average PEG ratio of 2.17 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 36, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.