We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CyberArk Software (CYBR) Q4 Earnings: What's in the Cards?
Read MoreHide Full Article
CyberArk Software Ltd (CYBR - Free Report) is set to report fiscal fourth-quarter 2016 results on Feb 9. Last quarter, the company posted a positive earnings surprise of 22.2%. Let us see how things are shaping up for this announcement.
Factors at Play
CyberArk is an Israeli company that specializes in protecting accounts from cyber-attacks. The company offers several products that protect passwords, close loopholes in the security system, and secure cloud-based assets.
The company reported better-than-expected third-quarter 2016 results. Also, revenues increased from the year-ago quarter, primarily due to higher license growth. According to research firm, Markets and Markets, the cyber security market is expected to touch $170.21 billion by 2020 from $106.32 billion in 2015, growing at an annual rate of 9.8%. We believe that CyberArk Software is in a favorable position to tap the opportunities. This should reflect in its quarterly numbers
Furthermore, investments in product suite and go-to-market are the other positives for the company.
It is worth mentioning that demand for cyber security is on the rise. With the advancement in technology, more organizations are adopting a bring-your-own-device policy, which has enhanced employee productivity with anytime, anywhere access. This is a positive for CyberArk.
However, competition from International Business Machines Corporation (IBM - Free Report) , Microsoft Corporation and Oracle Corporation remains a concern.
Our proven model does not conclusively show that CyberArk will beat on earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: Earnings ESP for CyberArkis 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 24 cents per share. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: CyberArk has a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a couple of companies which you may consider, as our model shows that they have the right combination of elements to post an earnings beat this quarter:
Moody's Corporation (MCO - Free Report) , with an Earnings ESP of +0.89% and a Zacks Rank #3
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
CyberArk Software (CYBR) Q4 Earnings: What's in the Cards?
CyberArk Software Ltd (CYBR - Free Report) is set to report fiscal fourth-quarter 2016 results on Feb 9. Last quarter, the company posted a positive earnings surprise of 22.2%. Let us see how things are shaping up for this announcement.
Factors at Play
CyberArk is an Israeli company that specializes in protecting accounts from cyber-attacks. The company offers several products that protect passwords, close loopholes in the security system, and secure cloud-based assets.
The company reported better-than-expected third-quarter 2016 results. Also, revenues increased from the year-ago quarter, primarily due to higher license growth. According to research firm, Markets and Markets, the cyber security market is expected to touch $170.21 billion by 2020 from $106.32 billion in 2015, growing at an annual rate of 9.8%. We believe that CyberArk Software is in a favorable position to tap the opportunities. This should reflect in its quarterly numbers
Furthermore, investments in product suite and go-to-market are the other positives for the company.
It is worth mentioning that demand for cyber security is on the rise. With the advancement in technology, more organizations are adopting a bring-your-own-device policy, which has enhanced employee productivity with anytime, anywhere access. This is a positive for CyberArk.
However, competition from International Business Machines Corporation (IBM - Free Report) , Microsoft Corporation and Oracle Corporation remains a concern.
CyberArk Software Ltd. Price and EPS Surprise
CyberArk Software Ltd. Price and EPS Surprise | CyberArk Software Ltd. Quote
Earnings Whispers
Our proven model does not conclusively show that CyberArk will beat on earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: Earnings ESP for CyberArkis 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 24 cents per share. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: CyberArk has a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a couple of companies which you may consider, as our model shows that they have the right combination of elements to post an earnings beat this quarter:
CVS Health Corporation (CVS - Free Report) , with an Earnings ESP of +0.60% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Moody's Corporation (MCO - Free Report) , with an Earnings ESP of +0.89% and a Zacks Rank #3
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>