CyberArk Software’s earnings and revenue both surpassed analysts’ estimates for the first quarter, leading to a +7% climb in its shares early Tuesday.
The information security software company raked in 56 cents a share on a non-GAAP basis in the quarter, beating analysts’ expectations of 41 cents (per FactSet poll). The EPS was also higher than the year-ago quarter’s 32 cents.
Revenue for the quarter, also exceeding estimates, climbed to $95.9 million - compared to year-ago quarter's $71.78 million.
Looking ahead, CyberArk expects its second-quarter non-GAAP earnings per share to range between 45 cents and 48 cents, which is higher compared to analysts' expectations of 42 cents (based on surveyed by FactSet survey).
Predicting that its full-year non-GAAP earnings would range between $2.10 and $2.16 a share, the company has a more optimistic outlook compared to analysts' forecast of $2 earnings-per-share.
The 10-day moving average for CYBR crossed bullishly above the 50-day moving average on September 20, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on October 09, 2024. You may want to consider a long position or call options on CYBR as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CYBR just turned positive on October 09, 2024. Looking at past instances where CYBR's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
CYBR moved above its 50-day moving average on September 19, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CYBR advanced for three days, in of 350 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 271 cases where CYBR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CYBR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CYBR broke above its upper Bollinger Band on October 10, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CYBR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (14.104) is normal, around the industry mean (30.847). P/E Ratio (0.000) is within average values for comparable stocks, (161.895). CYBR's Projected Growth (PEG Ratio) (7.615) is slightly higher than the industry average of (2.738). Dividend Yield (0.000) settles around the average of (0.083) among similar stocks. P/S Ratio (14.641) is also within normal values, averaging (56.884).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of software security services
Industry PackagedSoftware