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CyberArk (CYBR) Stock Dips While Market Gains: Key Facts
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CyberArk (CYBR - Free Report) closed the most recent trading day at $453.65, moving -1.75% from the previous trading session. This change lagged the S&P 500's daily gain of 0.26%. Elsewhere, the Dow gained 0.6%, while the tech-heavy Nasdaq added 0.25%.
Prior to today's trading, shares of the maker of software that detects attacks on privileged accounts had gained 4.2% outpaced the Computer and Technology sector's gain of 1.58% and the S&P 500's gain of 1.57%.
The investment community will be closely monitoring the performance of CyberArk in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.13, reflecting a 41.25% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $359.28 million, showing a 14.28% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.16 per share and a revenue of $1.33 billion, signifying shifts of +37.29% and 0%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for CyberArk. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. CyberArk currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note CyberArk's current valuation metrics, including its Forward P/E ratio of 95.68. This represents a premium compared to its industry average Forward P/E of 53.08.
It is also worth noting that CYBR currently has a PEG ratio of 3.93. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Security industry currently had an average PEG ratio of 2.78 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 90, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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CyberArk (CYBR) Stock Dips While Market Gains: Key Facts
CyberArk (CYBR - Free Report) closed the most recent trading day at $453.65, moving -1.75% from the previous trading session. This change lagged the S&P 500's daily gain of 0.26%. Elsewhere, the Dow gained 0.6%, while the tech-heavy Nasdaq added 0.25%.
Prior to today's trading, shares of the maker of software that detects attacks on privileged accounts had gained 4.2% outpaced the Computer and Technology sector's gain of 1.58% and the S&P 500's gain of 1.57%.
The investment community will be closely monitoring the performance of CyberArk in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.13, reflecting a 41.25% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $359.28 million, showing a 14.28% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.16 per share and a revenue of $1.33 billion, signifying shifts of +37.29% and 0%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for CyberArk. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. CyberArk currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note CyberArk's current valuation metrics, including its Forward P/E ratio of 95.68. This represents a premium compared to its industry average Forward P/E of 53.08.
It is also worth noting that CYBR currently has a PEG ratio of 3.93. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Security industry currently had an average PEG ratio of 2.78 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 90, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.