What is Zacks Research’s Estimate for CYBR FY2024 Earnings?

CyberArk Software Ltd. (NASDAQ:CYBR) – Equities researchers at Zacks Research increased their FY2024 EPS estimates for CyberArk Software in a note issued to investors on Tuesday, December 3rd. Zacks Research analyst R. Department now expects that the technology company will post earnings of ($0.67) per share for the year, up from their prior forecast of ($1.19). The consensus estimate for CyberArk Software’s current full-year earnings is ($0.58) per share. Zacks Research also issued estimates for CyberArk Software’s Q4 2024 earnings at ($0.36) EPS, Q1 2025 earnings at ($0.22) EPS, Q2 2025 earnings at ($0.30) EPS, Q3 2025 earnings at ($0.28) EPS, Q4 2025 earnings at ($0.29) EPS, FY2025 earnings at ($1.09) EPS, Q1 2026 earnings at ($0.34) EPS, Q2 2026 earnings at ($0.49) EPS, Q3 2026 earnings at ($0.56) EPS and FY2026 earnings at ($1.49) EPS.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same period last year, the company posted ($0.31) earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year.

Several other analysts also recently issued reports on CYBR. Stifel Nicolaus increased their price objective on shares of CyberArk Software from $306.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $335.00 price target on shares of CyberArk Software in a report on Thursday, November 14th. Piper Sandler boosted their price objective on shares of CyberArk Software from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Mizuho raised their target price on CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, KeyCorp boosted their price target on CyberArk Software from $340.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $323.22 on Friday. The business’s 50-day simple moving average is $299.12 and its 200 day simple moving average is $276.01. The company has a market cap of $14.08 billion, a P/E ratio of 1,197.16 and a beta of 1.13. CyberArk Software has a one year low of $198.01 and a one year high of $333.32.

Hedge Funds Weigh In On CyberArk Software

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in CyberArk Software by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 69,147 shares of the technology company’s stock worth $18,368,000 after buying an additional 2,113 shares during the last quarter. Cetera Investment Advisers grew its position in shares of CyberArk Software by 527.2% during the first quarter. Cetera Investment Advisers now owns 11,452 shares of the technology company’s stock worth $3,042,000 after acquiring an additional 9,626 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of CyberArk Software by 18.2% in the 1st quarter. Cetera Advisors LLC now owns 5,515 shares of the technology company’s stock worth $1,465,000 after acquiring an additional 851 shares during the period. Mather Group LLC. acquired a new stake in shares of CyberArk Software in the 2nd quarter worth about $27,000. Finally, Wolff Wiese Magana LLC bought a new stake in CyberArk Software in the 2nd quarter valued at about $395,000. 91.84% of the stock is owned by institutional investors.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.