CyberArk (CYBR, $121.75) jumps +7% on Q1 earnings beat and higher-than-expected guidance
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.
CYBR in upward trend: price rose above 50-day moving average on November 06, 2024
CYBR moved above its 50-day moving average on November 06, 2024 date and that indicates a change from a downward trend to an upward trend. In of 48 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on CYBR as a result. In of 93 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 November 08, 2024. Looking at past instances where CYBR's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CYBR advanced for three days, in of 351 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 267 cases where CYBR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for CYBR moved out of overbought territory on November 27, 2024. 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 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
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 November 21, 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 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 87, 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 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 (30.859). P/E Ratio (0.000) is within average values for comparable stocks, (159.968). CYBR's Projected Growth (PEG Ratio) (7.615) is slightly higher than the industry average of (2.755). Dividend Yield (0.000) settles around the average of (0.084) among similar stocks. P/S Ratio (14.641) is also within normal values, averaging (57.731).
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General Information
a provider of software security services
Industry PackagedSoftware