|Bid||0.00 x 1100|
|Ask||227.79 x 1000|
|Day's Range||223.21 - 227.28|
|52 Week Range||160.08 - 239.50|
|Beta (3Y Monthly)||0.71|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 26, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||246.40|
CyberArk (NASDAQ:CYBR) spiked higher in Thursday trading on a solid quarterly report. The Israeli-based online security firm blew away earnings and revenue estimates and garnered a lot of attention for CyberArk stock.Source: Shutterstock While this will please investors who bought before the announcement, valuation and growth forecasts warrant caution in CyberArk stock. Although CYBR should move higher in the long-term, the move higher makes the short and medium term outlook uncertain. CyberArk Stock Beat EstimatesIn Q4, Cyberark reported non-GAAP earnings of 89 cents per share, 30 cents per share higher than analysts had anticipated. The company also doubled its net income over year-ago levels, when the company reported a profit of 41 cents per share. * 10 Hot Stocks Leading the Market's Blitz Higher Likewise, revenue also came in well ahead of estimates. CYBR brought in $109.1 million, $13.16 million more than expected. This represents a year-over-year increase of 35.7%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFull-year results also came in ahead of expectations. As with the quarterly results, annual net income came in 30 cents per share ahead of $1.76 per share consensus estimate. The company earned $2.06 per share, 77.6% higher than the $1.16 per share in non-GAAP earnings reported in 2017. Revenues of $343.2 million beat estimates by $13.3 million. They also rose 31% above 2017 levels.First quarter 2019 guidance also surprised to the upside. CyberArk expects between $91 million and $93 million. This would take net income somewhere between 39 cents and 42 cents per share.For fiscal 2019, analysts predict somewhere between $411 million and $415 million in revenue. This brings about a slight increase in income estimates. The company forecasts between $1.94 and $2.00 per share in earnings. Financial Metrics Imply a Temporary SetbackTraders took this news well, and CyberArk stock rose to $104.06 per share, an increase of 20.5% from Wednesday's close. Two weeks ago when the stock traded in the mid-$80s per share level, I described CYBR as expensive, but worth it.While this has pleased investors, I also see this as a time for caution, and a warning to look more closely at the numbers. Thursday's spike in CYBR stock takes the forward price-to-earnings (PE) ratio to almost 54. The high end of the company's earnings estimates comes to $2 per share. Investors should realize that if this happens, it will represent a slight decline in earnings for 2019.For this reason, I see a temporary pause or even a pullback happening. However, analysts still expect an average earnings growth rate of 33.2% per year over the next five years. Hence, I would expect an interruption, not a downtrend.As for CyberArk stock, I still see it as a buy on any pullback. Tech advances will make CyberArk and peers such as Check Point Software (NASDAQ:CHKP) and Palo Alto Networks (NASDAQ:PANW) at least as necessary as Symantec (NASDAQ:SYMC) was in the PC world.After all, its current applications, as well as the ones that will probably come from 5G, make CyberArk's software all the more important. However, valuations have become frothy. For those who want to take some profits, I see now as a good time. Concluding Thoughts on CyberArk stockCyberArk faces a bright long-term future amid an unclear near-term outlook. CYBR blew away earnings and revenue estimates for both Q4 and fiscal 2018. The company also raised guidance for both the next quarter and the upcoming fiscal year.This good news has the result of clarifying the long-term outlook while making the short-term more uncertain. Amid the good news, the outlook implies profit shrinkages for fiscal 2019. Although I think this amounts to a pause rather than a peak, it could make investors question the 54 forward PE ratio for now.I do not want to discourage those who wish to buy CyberArk. However, given the near-term outlook, I would urge investors to take profits now and buy later.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal Compare Brokers The post Blowout Earnings Aside, Lay off CyberArk Stock for Now appeared first on InvestorPlace.
Palo Alto's stock has gained more than 35% since mid-November to exceed $225. Palo Alto Networks is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. The idea consists of taking advantage of the scale of Palo Alto to propose a marketplace for security applications.
See who joins Netflix, Splunk, Palo Alto Networks, Paycom, and Workday on this list of today's fastest-growing companies.
SANTA CLARA, Calif. , Feb. 14, 2019 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, announced today that members of its management team will be presenting at the following ...
Jim Cramer identified five themes Wednesday that investors should watch out for in the first quarter, unveiling the concerns during his latest VIP monthly video-conference call with members of his Action Alerts PLUS club for investors. The issue for Cramer is simply one of an increase of public company supply during a time when new money isn't likely to be funneled into the stock market.
In the latest trading session, Palo Alto Networks (PANW) closed at $224.45, marking a +0.26% move from the previous day.
PAN-OS version 9.0 delivers over 60 new features that save time and stop attacks; offers new integrated DNS Security service powered by machine learning to automatically block attacks in progress SANTA ...
Enterprise Update: SYMC, CHKP, PANW, SAP, QCOM, INTC, and MU(Continued from Prior Part)Demisto could boost automation offerings Palo Alto Networks (PANW) is in talks to buy information security company Demisto, Reuters has reported, citing a report
Enterprise Update: SYMC, CHKP, PANW, SAP, QCOM, INTC, and MU(Continued from Prior Part)Company banking on subscription business to drive growthCheck Point Software Technologies (CHKP) is aiming to hit a revenue milestone of $2.0 billion in 2019.
Enterprise Update: SYMC, CHKP, PANW, SAP, QCOM, INTC, and MUNoviello to stay on until successor appointed Nicholas Noviello, Symantec’s (SYMC) CFO, has decided to step down from the position to pursue opportunities outside the cybersecurity
Palo Alto Networks Inc NYSE:PANWView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for PANW with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding PANW totaled $1.79 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The Chinese-born brothers are now billionaires from their stakes in Fortinet Inc., the Silicon Valley-based network security software firm they co-founded almost two decades ago, according to the Bloomberg Billionaires Index. Cloud-focused firms including Fortinet and Palo Alto Networks Inc. have benefited as businesses update their computer infrastructures, posing a threat to more established network software providers such as Cisco Systems Inc. and Juniper Networks Inc. Fortinet counts most Fortune 500 companies as its customers, according to its website.
Palo Alto Networks (PANW) closed at $220.55 in the latest trading session, marking a +0.74% move from the prior day.
The startup has operated in stealth since it was founded in 2017, putting together a team of threat researchers and deep learning experts who worked previously at FireEye Inc., Palo Alto Networks Inc., Symantec Corp. and Amazon.com Inc.
VANCOUVER, British Columbia, Feb. 5, 2019 /PRNewswire/ -- In honour of Safer Internet Day, Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced the introduction of its Palo Alto Networks Cybersecurity Academy to high school students in Canada. Canadian high school students can now receive hands-on training to understand the latest cyberthreats and how best to combat them.
A women's network that was launched by a Y Combinator tech lead is now a separate business that will be in the Mountain View accelerator's summer batch this year. Here's more on that and other founder and funder news at the beginning of a new week.
Palo Alto Networks is reportedly in talks to acquire a Cupertino digital security startup founded by four former McAfee executives.
SANTA CLARA, Calif. , Feb. 4, 2019 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced several enhancements to its NextWave Partner Program , which will boost ...
SANTA CLARA, Calif., Feb. 4, 2019 /PRNewswire/ -- Palo Alto Networks® (PANW), the global cybersecurity leader, announced today that it will release the financial results for its fiscal Second quarter 2019, ended January 31, 2019, after U.S. markets close on Tuesday, February 26, 2019. Palo Alto Networks will host a conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Interested parties may access the conference call by dialing 1-855-719-5012 or 1-334-323-0522 and using conference ID 3411135.
JERUSALEM (Reuters) - Palo Alto Networks Inc is in talks to acquire U.S.-Israeli information security firm Demisto Inc, the Calcalist financial daily reported on its website on Monday. Palo Alto was not ...