CyberArk (CYBR) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, CyberArk (CYBR) closed at $133.94, marking a +0.31% move from the previous day. This move outpaced the S&P 500's daily gain of 0.3%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.42%.
Prior to today's trading, shares of the maker of software that detects attacks on privileged accounts had gained 0.65% over the past month. This has outpaced the Computer and Technology sector's gain of 0.55% and lagged the S&P 500's gain of 2.2% in that time.
CYBR will be looking to display strength as it nears its next 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 $2.14 per share and revenue of $417.83 million. These totals would mark changes of +3.88% and +21.75%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for CYBR. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.97% higher. CYBR currently has a Zacks Rank of #3 (Hold).
Digging into valuation, CYBR currently has a Forward P/E ratio of 62.31. For comparison, its industry has an average Forward P/E of 38.06, which means CYBR is trading at a premium to the group.
Meanwhile, CYBR's PEG ratio is currently 3.95. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CYBR's industry had an average PEG ratio of 2.22 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 45, putting it in the top 18% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.