The most recent trading session ended with CyberArk (CYBR) standing at $282.94, reflecting a -0.98% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.22%, and the technology-centric Nasdaq decreased by 0.56%.

Coming into today, shares of the maker of software that detects attacks on privileged accounts had gained 2.16% in the past month. In that same time, the Computer and Technology sector gained 2.83%, while the S&P 500 gained 1.83%.

The investment community will be paying close attention to the earnings performance of CyberArk in its upcoming release. The company is slated to reveal its earnings on November 13, 2024. In that report, analysts expect CyberArk to post earnings of $0.45 per share. This would mark year-over-year growth of 7.14%. In the meantime, our current consensus estimate forecasts the revenue to be $233.9 million, indicating a 22.31% growth compared to the corresponding quarter of the prior year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.29 per share and a revenue of $939.08 million, representing changes of +104.46% and +24.9%, respectively, from the prior year.

Any recent changes to analyst estimates for CyberArk should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, CyberArk holds a Zacks Rank of #4 (Sell).

From a valuation perspective, CyberArk is currently exchanging hands at a Forward P/E ratio of 124.65. This indicates a premium in contrast to its industry's Forward P/E of 28.66.

We can additionally observe that CYBR currently boasts a PEG ratio of 3.73. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computers - IT Services industry currently had an average PEG ratio of 2.79 as of yesterday's close.