|Bid||99.99 x 800|
|Ask||100.69 x 1300|
|Day's Range||97.50 - 100.95|
|52 Week Range||69.50 - 148.74|
|Beta (5Y Monthly)||1.25|
|PE Ratio (TTM)||76.17|
|Earnings Date||Aug 05, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||116.65|
The Israeli cybersecurity company faces fresh challenges this year, but it still dominates its niche market while generating stable profits.
CyberArk's (CYBR) first-quarter 2019 earnings benefit from growth across all regions. Moreover, steady demand across several verticals drives revenues.
Barclays (LON:BARC) analyst Saket Kalia maintained a Hold rating on CyberArk Software (NASDAQ:CYBR) on Wednesday, setting a price target of $109, which is approximately 0.67% below the present share price of $109.74.
What happened Shares of CyberArk Software (NASDAQ: CYBR) have tanked today, down by 13% as of 12:20 p.m. EDT, after the company reported first-quarter earnings. The cybersecurity specialist also said it has acquired Idaptive to strengthen its access management offerings.
The major stock indexes were sharply lower on Fed chief Powell's comments. Cisco Systems has earnings due after the close.
Ahead of Wednesday's market opening, Israeli provider of network security services CyberArk Software released the firm's first quarter financial performance. This was a narrow beat, but at growth of 11.4%, a serious looking deceleration in sales growth both sequentially as well as annually.
Shares in CyberArk Software (CYBR) fell more than 6% after the company warned that more “cautious” buying decisions by its customers will impact sales and cash flow in the near-term.The stock declined 6.3% to $102.80 in morning U.S. trading. The cybersecurity company said profit in the first quarter dropped to 50 cents per share from 56 cents in the year-earlier period, while beating the consensus estimate by 16 cents. Total revenue in the first three months of the year increased 11% to $106.8 million year-on-year, which was $21 million above market estimates.“Given the weakened economic environment due to Covid-19, we expect customers to make more cautious purchasing decisions which will impact our revenue and cash flow from operations in the near term,” said Josh Siegel, CyberArk Chief Financial Officer. “We believe deal close rates, particularly for new business and in certain verticals, will be less predictable and have therefore decided to withdraw our full year 2020 guidance.”The cybersecurity company however still provided financial guidance for the second quarter. Total revenue is expected to decline to a range of $95 million-$105 million, which is below market consensus of $109.7 million. Diluted earnings per share in the second quarter are estimated to fall in a range of 17 cents-35 cents versus market consensus of 40 cents.“We were pleased to deliver results in line with or exceeding all guided metrics for the first quarter,” said Udi Mokady, CyberArk Chairman and CEO. “Privileged Access Management (PAM) is even more critical today with attackers exploiting the sudden and dramatic change in enterprise IT created by remote work environments. In this higher threat environment, our level of engagement with customers has increased as they look to better secure their extended enterprise by expanding their PAM programs.”Turning now to Wall Street, analysts take a cautious stance on the company’s stock. The Moderate Buy consensus splits into 6 Holds and 5 Buys. The $109.70 average price target indicates 5.3% upside potential in the shares in the coming 12 months. (See CyberArk stock analysis on TipRanks).Looking ahead, CyberArk plans to manage expenses for the full year to better align with its top line, while also making investments and hire for key roles.In a separate statement, the company announced the acquisition of identity security company Idaptive in a $70 million cash deal.In the first quarter, CyberArk generated $33.8 million in net cash provided by operating activities, down from $45.9 million year-on-year. As of March 31, it had $1.2 billion in cash, cash equivalents, marketable securities and short-term deposits. This compares with $509.7 million in cash, cash equivalents, marketable securities and short-term deposits during the same period last year.Related News: Tesla’s California Auto Plant Gets Go-Ahead to Reopen Next Week Intel, Taiwan Semiconductor Said to Be in Talks with Trump to Build U.S. Plants Uber Announces $750M Notes Offering, As GrubHub Takeover Reports Swirl More recent articles from Smarter Analyst: * Kornit Soars 34% on Rosy Growth Guidance * 3 Biotech Stocks Under $5 With Massive Upside Potential * Baidu May Use Nasdaq Delisting To Boost Value – Report * Amazon Rolls Out First Solar Energy Facility In China
Israeli cybersecurity company CyberArk has acquired identity startup Idaptive for $70 million in an all-cash deal. CyberArk is one of the shining stars in the Israeli cybersecurity scene before its initial public offering in 2013 saw it go public on the Nasdaq. At the core of CyberArk's identity and privileged access management technology is making sure the right people — like corporate employees — can access the right systems and services.
CyberArk (CYBR) delivered earnings and revenue surprises of 35.14% and 0.13%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
CyberArk shares were lower after the security-software provider beat Wall Street's earnings expectations but withdrew its full-year guidance.
Shares of CyberArk Software (NASDAQ:CYBR) fell 4.7% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share fell 10.71% year over year to $0.50, which beat the estimate of $0.36.Revenue of $106,826,000 up by 11.35% from the same period last year, which beat the estimate of $105,630,000.Outlook Q2 EPS expected between $0.17 and $0.36.Q2 revenue expected to be between $95,000,000 and $105,000,000.Details Of The Call Date: May 13, 2020View more earnings on CYBRTime: 07:53 PM ETWebcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.cyberark.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2157691&sessionid=1&key=570732B11348AF0F3149EE3502388B41®Tag=&sourcepage=registerPrice Action Company's 52-week high was at $148.7452-week low: $69.50Price action over last quarter: down 4.57%Company Description CyberArk Software Ltd provides Information technology security solutions to protect data, infrastructure, and assets across the enterprise. The company software solutions focused on protecting privileged accounts, credentials, and secrets. Its products and services include Enterprise Password Vault, Privileged Session Manager, Privileged Threat Analytics, CyberArk Privilege Cloud. The company provides a solution on Audit and Compliance, Security and Risk Management, Industry Solutions. Geographically, it generates maximum revenue from the United States and also has a presence in the United Kingdom; Europe, the Middle East and Africa and Other countries.See more from Benzinga * OneSpaWorld Holdings: Q1 Earnings Insights * Recap: Ituran Location & Control Q1 Earnings * Recap: Veru Q2 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
CyberArk (NASDAQ: CYBR), the global leader in privileged access management, today announced it has acquired Santa Clara, California-based IDaptive Holdings, Inc. (Idaptive). Together, CyberArk and Idaptive will deliver the industry’s only modern identity platform with a security-first approach.
CyberArk (NASDAQ:CYBR), the global leader in privileged access management, today announced financial results for the first quarter ended March 31, 2020.
The best cybersecurity stocks are well-positioned in cloud-delivered services. Amid the coronavirus emergency, more companies are instructing employees to work from home, creating new computer security issues.
Though CyberArk's (CYBR) Q1 revenues are likely to have gained from solid demand on the coronavirus-led work-from-home wave, high expenses might have clipped margins.
If you're interested in CyberArk Software Ltd. (NASDAQ:CYBR), then you might want to consider its beta (a measure of...
CyberArk (NASDAQ: CYBR) was named the Overall Privileged Access Management Leader for the fifth year in a row by KuppingerCole Analysts.
CyberArk (NASDAQ: CYBR), the global leader in privileged access management, today announced that it will webcast its presentations at upcoming virtual conferences:
CyberArk (CYBR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
CyberArk (NASDAQ: CYBR), the global leader in privileged access management, today announced that it will report its first quarter 2020 financial results before the U.S. financial markets open on Wednesday, May 13, 2020.
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In 2005 Udi Mokady was appointed CEO of CyberArk Software Ltd. (NASDAQ:CYBR). This analysis aims first to contrast CEO...