Cyberark Software’s Positive Rating Reaffirmed at Oppenheimer

CyberArk, ( CYBR ) reported second quarter net income of $4.9 million, compared to $1.2 million in the second quarter of 2014. Investors will be paying close attention to whether the company misses or beats this number. The company now has a consensus rating of “Hold” and a consensus price target of $62.43. The firm maintained an Underweight rating on Cyberark stock, with a $48 TP.

CYBR shares are now priced at 139.34x this year’s forecasted earnings, which makes them quite expensive compared to the industry’s 18.59x earnings multiple. Wells Fargo & Co. started coverage on Cyberark Software in a research report on Friday, July 10th. On this scale a one would represent a Strong Buy while a five rating would indicate a Strong Sell. The company has been rated as hold from 5 Wall Street Analysts. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 137.035.

CyberArk expects full-year earnings in the range of 62 cents to 65 cents per share, with revenue ranging from $145 million to $147 million. Based on the PEG ratio of CYBR being 7.01, we consider CyberArk Software, Ltd.to likely be overpriced. Analysts expect the company to report earnings per share of $0.43 on revenue of $140.42 million. The heightened volatility saw the trading volume jump to 2,322,984 shares. CyberArk Software, Ltd. has dropped 5.59% during the last 3-month period. The 52-week high of the share price is $76.35 and the company has a market cap of $1,999 million.

CyberArk shares have advanced 1.72% in the last 4 weeks while declining 8.79% in the past three months.

Cyberark Software Ltd is an Israel-based security company.

Cybertinel, which has about 20 employees, specializes in cyber threat detection technology at the beginning stages of an attack on a computer network. It offers Privileged Account Security Solution, a solution to protect, monitor, detect, alert, and respond to privileged accounts. It’s CyberArk Privileged Session Manager that isolates, controls, and monitors privileged user access and activities. The Companys products include CyberArk Shared Technology Platform, Privileged Account Security Solution and Sensitive Information Management Solution. Its CyberArk Sensitive Information Management Solution, a platform for sharing and distributing information to users across systems using Web, desktop, mobile, and email.