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CyberArk (CYBR) Moves 5.8% Higher: Will This Strength Last?
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CyberArk (CYBR - Free Report) shares rallied 5.8% in the last trading session to close at $330.95. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.8% loss over the past four weeks.
The optimism surrounding the stock is largely driven by the rapidly growing demand for identity security and privileged access security solutions amid the rising number of Gen AI attacks. CyberArk’s deep security expertise in banking, healthcare, government, and utilities is attracting a growing customer base seeking protection for their high-value data.
This maker of software that detects attacks on privileged accounts is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +6.7%. Revenues are expected to be $305.65 million, up 38% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For CyberArk, the consensus EPS estimate for the quarter has been revised 4% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on CYBR going forward to see if this recent jump can turn into more strength down the road.
CyberArk is a member of the Zacks Security industry. One other stock in the same industry, Check Point Software (CHKP - Free Report) , finished the last trading session 1.3% lower at $222.39. CHKP has returned 4.8% over the past month.
Check Point's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.19. Compared to the company's year-ago EPS, this represents a change of +7.4%. Check Point currently boasts a Zacks Rank of #3 (Hold).
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CyberArk (CYBR) Moves 5.8% Higher: Will This Strength Last?
CyberArk (CYBR - Free Report) shares rallied 5.8% in the last trading session to close at $330.95. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.8% loss over the past four weeks.
The optimism surrounding the stock is largely driven by the rapidly growing demand for identity security and privileged access security solutions amid the rising number of Gen AI attacks. CyberArk’s deep security expertise in banking, healthcare, government, and utilities is attracting a growing customer base seeking protection for their high-value data.
This maker of software that detects attacks on privileged accounts is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +6.7%. Revenues are expected to be $305.65 million, up 38% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For CyberArk, the consensus EPS estimate for the quarter has been revised 4% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on CYBR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
CyberArk is a member of the Zacks Security industry. One other stock in the same industry, Check Point Software (CHKP - Free Report) , finished the last trading session 1.3% lower at $222.39. CHKP has returned 4.8% over the past month.
Check Point's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.19. Compared to the company's year-ago EPS, this represents a change of +7.4%. Check Point currently boasts a Zacks Rank of #3 (Hold).