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CyberArk (CYBR) Exceeds Market Returns: Some Facts to Consider
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In the latest trading session, CyberArk (CYBR - Free Report) closed at $398.76, marking a +2.79% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.83% for the day. Elsewhere, the Dow saw an upswing of 0.77%, while the tech-heavy Nasdaq appreciated by 1.02%.
Heading into today, shares of the maker of software that detects attacks on privileged accounts had lost 2% over the past month, lagging the Computer and Technology sector's gain of 8.25% and the S&P 500's gain of 4.99%.
Analysts and investors alike will be keeping a close eye on the performance of CyberArk in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.79, marking a 46.3% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $315.43 million, reflecting a 40.37% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.83 per share and a revenue of $1.32 billion, indicating changes of +26.4% and +31.88%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for CyberArk. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 37.65% upward. CyberArk presently features a Zacks Rank of #3 (Hold).
In the context of valuation, CyberArk is at present trading with a Forward P/E ratio of 101.4. Its industry sports an average Forward P/E of 75.56, so one might conclude that CyberArk is trading at a premium comparatively.
We can additionally observe that CYBR currently boasts a PEG ratio of 4.17. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Security industry stood at 3.07 at the close of the market yesterday.
The Security industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 34, finds itself in the top 14% echelons of all 250+ industries.
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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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CyberArk (CYBR) Exceeds Market Returns: Some Facts to Consider
In the latest trading session, CyberArk (CYBR - Free Report) closed at $398.76, marking a +2.79% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.83% for the day. Elsewhere, the Dow saw an upswing of 0.77%, while the tech-heavy Nasdaq appreciated by 1.02%.
Heading into today, shares of the maker of software that detects attacks on privileged accounts had lost 2% over the past month, lagging the Computer and Technology sector's gain of 8.25% and the S&P 500's gain of 4.99%.
Analysts and investors alike will be keeping a close eye on the performance of CyberArk in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.79, marking a 46.3% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $315.43 million, reflecting a 40.37% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.83 per share and a revenue of $1.32 billion, indicating changes of +26.4% and +31.88%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for CyberArk. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 37.65% upward. CyberArk presently features a Zacks Rank of #3 (Hold).
In the context of valuation, CyberArk is at present trading with a Forward P/E ratio of 101.4. Its industry sports an average Forward P/E of 75.56, so one might conclude that CyberArk is trading at a premium comparatively.
We can additionally observe that CYBR currently boasts a PEG ratio of 4.17. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Security industry stood at 3.07 at the close of the market yesterday.
The Security industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 34, finds itself in the top 14% echelons of all 250+ industries.
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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.