CyberArk Software Ltd. (NASDAQ:CYBR) is expected to report third quarter earnings results, before market open, on Tuesday 10th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.29 per share.
Looking ahead, the full year income are expected at $ 1.84 per share on the revenues of $ 462.24 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.19 ~ $ 0.33 per share, while revenues are expected in a range of $ 107.00 million ~ $ 115.00 million
Full Year 2020 topline are forecasted in a range of$ 511.00 million ~ $ 519.00 million, where as bottomline are predicted in a range of $ 2.26 ~ $ 2.38 per share
Click Here For More Historical Outlooks Of CyberArk Software Ltd.
Previous Quarter Performance
CyberArk Software Ltd. unveiled income for the second quarter of $ 0.42 per share, from the revenue of $ 106.50 million. The quarterly earnings 28.81 percent while revenues increased 9.47 percent compared with the same quarter last year.
According to street consensus, CYBR was expected to report 2Q20 income of $ 0.27 per share from revenue of $ 101.19 million. The bottom line results beat street analysts by $ 0.15 or 55.56 percent, at the same time, top line results outshined analysts by $ 5.31 million or 5.25 percent.
Stock Performance
Shares of CyberArk Software Ltd. traded low $ -2.09 or -1.94 percent on Monday, reaching $ 105.54 with volume of 621.30 thousand shares. CyberArk Software Ltd. has traded high as $ 109.61 and has cracked $ 104.58 on the downward trend
According to the previous trading day, closing price of $ 105.54, representing a 54.84 % increase from the 52 week low of $ 69.51 and a 25.72 % decrease over the 52 week high of $ 144.90.
The company has a market capital of $ 4.09 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 15th September 2020, upgraded by Barclays to Overweight from Equal-Weight rating.
Conference Call
CyberArk Software Ltd. will be hosting a conference call at 8:30 AM eastern time on 10th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cyberark.com
CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The companys solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations. It also provides Sensitive Information Management solution; and software maintenance and support, and professional services.
