CyberArk (CYBR) closed the most recent trading day at $119.57, moving +0.19% from the previous trading session. This move outpaced the S&P 500's daily of 0%. Elsewhere, the Dow lost 0.3%, while the tech-heavy Nasdaq added 0.25%.
Heading into today, shares of the maker of software that detects attacks on privileged accounts had gained 12.94% over the past month, outpacing the Computer and Technology sector's gain of 3.92% and the S&P 500's gain of 2.36% in that time.
Investors will be hoping for strength from CYBR as it approaches its next earnings release. In that report, analysts expect CYBR to post earnings of $0.41 per share. This would mark year-over-year growth of 28.13%. Meanwhile, our latest consensus estimate is calling for revenue of $92.35 million, up 28.66% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.98 per share and revenue of $413.82 million. These totals would mark changes of -3.88% and +20.58%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for CYBR. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Within the past 30 days, our consensus EPS projection remained stagnant. CYBR is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note CYBR's current valuation metrics, including its Forward P/E ratio of 60.17. For comparison, its industry has an average Forward P/E of 44.68, which means CYBR is trading at a premium to the group.
Meanwhile, CYBR's PEG ratio is currently 2.93. 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. Security stocks are, on average, holding a PEG ratio of 2.5 based on yesterday's closing prices.
The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on 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.