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This stock was last featured in October 2018 at $69.50
CyberArk Software Ltd. (CYBR) develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally.
The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.
The company also provides Application Identity Manager, provides solutions for hard-coded passwords and embedded application credentials; Conjur, a secrets management solution integrates with the DevOps toolchain, as well as secures and manages secrets used by CI/CD tools such as Ansible, Chef, Jenkins and Puppet, and orchestration software such as Docker; and Endpoint Privilege Manager that offers application control software, as well as On-Demand Privileges Manager, secure Digital Vault, Web Management Interface, and Master Policy Engine and Discovery Engine.
In addition, it offers Shared Technology; Sensitive Information Management Solution; and software maintenance and support, and consulting services. The company offers its products to financial services, manufacturing, insurance, healthcare, energy and utilities, transportation, retail, technology, and telecommunications industries, as well as government agencies through resellers and distributors.
The company is expected to report its results on August 7th. On May 10th, Cyberark reported 1st Quarter March 2019 earnings of $0.53 per share on revenue of $95.9 million. The consensus earnings estimate was $0.41 per share on revenue of $92.4 million. Revenue grew 33.6% on a year-over-year basis.
The company said it expects second quarter non-GAAP earnings of $0.45 to $0.48 per share on revenue of $96.0 million to $98.0 million and now expects 2019 earnings of $2.10 to $2.16 per share on revenue of $415.0 million to $419.0 million. The company's previous guidance was 2019 earnings of $1.94 to $2.00 per share on revenue of $411.0 million to $415.0 million. The current consensus earnings estimate is $0.42 per share on revenue of $94.8 million for the quarter ending June 30, 2019 and $2.00 per share on revenue of $413.8 million for the year ending December 31, 2019.
Shares have formed a bullish cup and handle and are on the cusp of a breakout to the upside.
Entry Point: $141.50
Trading Range: $134.00
Trading Range: $59.02 to $144.18
Target Price: $156.00
CYBR closed at $119
