We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 (CYBR) Stock Sinks As Market Gains: Here's Why
Read MoreHide Full Article
CyberArk (CYBR - Free Report) closed at $351 in the latest trading session, marking a -0.22% move from the prior day. This change lagged the S&P 500's daily gain of 1.77%. Elsewhere, the Dow saw an upswing of 1.42%, while the tech-heavy Nasdaq appreciated by 2.28%.
Coming into today, shares of the maker of software that detects attacks on privileged accounts had lost 8.23% in the past month. In that same time, the Computer and Technology sector lost 9.47%, while the S&P 500 lost 5.73%.
The investment community will be closely monitoring the performance of CyberArk in its forthcoming earnings report. The company's upcoming EPS is projected at $0.80, signifying a 6.67% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $305.65 million, showing a 37.96% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.65 per share and revenue of $1.32 billion, which would represent changes of +20.46% and +31.43%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for CyberArk. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 11.78% higher within the past month. CyberArk presently features a Zacks Rank of #3 (Hold).
In terms of valuation, CyberArk is presently being traded at a Forward P/E ratio of 96.27. This denotes a premium relative to the industry's average Forward P/E of 61.78.
We can additionally observe that CYBR currently boasts a PEG ratio of 4.81. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Security stocks are, on average, holding a PEG ratio of 3.09 based on yesterday's closing prices.
The Security industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 82, this industry ranks in the top 33% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CyberArk (CYBR) Stock Sinks As Market Gains: Here's Why
CyberArk (CYBR - Free Report) closed at $351 in the latest trading session, marking a -0.22% move from the prior day. This change lagged the S&P 500's daily gain of 1.77%. Elsewhere, the Dow saw an upswing of 1.42%, while the tech-heavy Nasdaq appreciated by 2.28%.
Coming into today, shares of the maker of software that detects attacks on privileged accounts had lost 8.23% in the past month. In that same time, the Computer and Technology sector lost 9.47%, while the S&P 500 lost 5.73%.
The investment community will be closely monitoring the performance of CyberArk in its forthcoming earnings report. The company's upcoming EPS is projected at $0.80, signifying a 6.67% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $305.65 million, showing a 37.96% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.65 per share and revenue of $1.32 billion, which would represent changes of +20.46% and +31.43%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for CyberArk. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 11.78% higher within the past month. CyberArk presently features a Zacks Rank of #3 (Hold).
In terms of valuation, CyberArk is presently being traded at a Forward P/E ratio of 96.27. This denotes a premium relative to the industry's average Forward P/E of 61.78.
We can additionally observe that CYBR currently boasts a PEG ratio of 4.81. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Security stocks are, on average, holding a PEG ratio of 3.09 based on yesterday's closing prices.
The Security industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 82, this industry ranks in the top 33% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.