In the latest trading session, CyberArk (CYBR) closed at $132.49, marking a +1.52% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.2%. Meanwhile, the Dow lost 0.17%, and the Nasdaq, a tech-heavy index, lost 0.38%.
Prior to today's trading, shares of the maker of software that detects attacks on privileged accounts had gained 6.1% over the past month. This has outpaced the Computer and Technology sector's loss of 1.9% and the S&P 500's gain of 0.33% in that time.
Investors will be hoping for strength from CYBR as it approaches its nex t earnings release. On that day, CYBR is projected to report earnings of $0.47 per share, which would represent year-over-year growth of 30.56%. Meanwhile, our latest consensus estimate is calling for revenue of $97.21 million, up 25.09% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.13 per share and revenue of $417.83 million. These totals would mark changes of +3.4% and +21.75%, respectively, from last year.
It is also important to note the 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 7.56% higher within the past month. CYBR is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, CYBR is holding a Forward P/E ratio of 61.29. This represents a premium compared to its industry's average Forward P/E of 37.21.
Also, we should mention that CYBR has a PEG ratio of 3.88. 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. CYBR's industry had an average PEG ratio of 2.24 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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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