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 May 17, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 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 May 08, 2023. You may want to consider a long position or call options on CYBR as a result. In of 85 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 May 05, 2023. Looking at past instances where CYBR's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
CYBR moved above its 50-day moving average on May 11, 2023 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 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
CYBR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The 10-day RSI Indicator for CYBR moved out of overbought territory on May 23, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 13 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for CYBR moved below the 200-day moving average on April 25, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
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 .
The Aroon Indicator for CYBR entered a downward trend on May 10, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying 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 89, placing this stock better than average.
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 (9.533) is normal, around the industry mean (31.381). P/E Ratio (0.000) is within average values for comparable stocks, (167.504). CYBR's Projected Growth (PEG Ratio) (37.778) is very high in comparison to the industry average of (4.103). Dividend Yield (0.000) settles around the average of (0.033) among similar stocks. P/S Ratio (10.101) is also within normal values, averaging (70.843).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows