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CyberArk (CYBR) Gains But Lags Market: What You Should Know
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In the latest trading session, CyberArk (CYBR - Free Report) closed at $74.93, marking a +1.07% move from the previous day. The stock lagged the S&P 500's daily gain of 1.09%. Elsewhere, the Dow gained 1.13%, while the tech-heavy Nasdaq added 1.51%.
Heading into today, shares of the maker of software that detects attacks on privileged accounts had gained 7.23% over the past month, outpacing the Computer and Technology sector's loss of 0.28% and the S&P 500's gain of 1.92% in that time.
Investors will be hoping for strength from CYBR as it approaches its next earnings release, which is expected to be February 21, 2019. On that day, CYBR is projected to report earnings of $0.59 per share, which would represent year-over-year growth of 43.9%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $95.78 million, up 19.17% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.76 per share and revenue of $329.77 million, which would represent changes of +51.72% and +26.01%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for CYBR. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 moved 33.33% higher. CYBR is currently a Zacks Rank #2 (Buy).
Looking at its valuation, CYBR is holding a Forward P/E ratio of 42.06. For comparison, its industry has an average Forward P/E of 47.72, which means CYBR is trading at a discount to the group.
Meanwhile, CYBR's PEG ratio is currently 2.52. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Security was holding an average PEG ratio of 2.52 at yesterday's closing price.
The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 19, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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CyberArk (CYBR) Gains But Lags Market: What You Should Know
In the latest trading session, CyberArk (CYBR - Free Report) closed at $74.93, marking a +1.07% move from the previous day. The stock lagged the S&P 500's daily gain of 1.09%. Elsewhere, the Dow gained 1.13%, while the tech-heavy Nasdaq added 1.51%.
Heading into today, shares of the maker of software that detects attacks on privileged accounts had gained 7.23% over the past month, outpacing the Computer and Technology sector's loss of 0.28% and the S&P 500's gain of 1.92% in that time.
Investors will be hoping for strength from CYBR as it approaches its next earnings release, which is expected to be February 21, 2019. On that day, CYBR is projected to report earnings of $0.59 per share, which would represent year-over-year growth of 43.9%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $95.78 million, up 19.17% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.76 per share and revenue of $329.77 million, which would represent changes of +51.72% and +26.01%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for CYBR. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 moved 33.33% higher. CYBR is currently a Zacks Rank #2 (Buy).
Looking at its valuation, CYBR is holding a Forward P/E ratio of 42.06. For comparison, its industry has an average Forward P/E of 47.72, which means CYBR is trading at a discount to the group.
Meanwhile, CYBR's PEG ratio is currently 2.52. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Security was holding an average PEG ratio of 2.52 at yesterday's closing price.
The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 19, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.