How to Buy Cyberark Software Stock
Cyberark Software Ltd
CyberArk Software Ltd. , together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally.
Cyberark Software stock last closed at $237.09, up 0.47% from the previous day, and has increased 80.15% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.69 percentage points. Cyberark Software stock is currently +97.39% from its 52-week low of $120.11, and -16.22% from its 52-week high of $283.00.
At the moment, there are 42.26M shares of CYBR outstanding. The market value of CYBR is $10.02B. In the last 24 hours, 265,976 CYBR shares were traded.
How to Buy Cyberark Software Stock
Wondering how to invest in Cyberark Software stock? Here's how.
- Decide where to buy Cyberark Software stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Cyberark Software stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Pick your method of payment and add your details.
- Evaluate Cyberark Software stock: The Cyberark Software ticker symbol is CYBR. Is Cyberark Software stock a good investment? Should you buy shares of CYBR? How do CYBR's underlying business fundamentals look? Do top analysts think Cyberark Software is a good buy? Why has CYBR's stock price moved recently? (Hint: Our stock market research website can help you decide if CYBR is a good stock to buy).
- Make your CYBR buy order: Decide if you will purchase CYBR shares at the current market price or use a limit order to purchase CYBR stock at a given price.
- Keep tabs on your CYBR investment: Create a watchlist to key updates about your investment in Cyberark Software shares.
Step 1: Decide where to buy Cyberark Software stock
You will need an online brokerage account to access the NASDAQ market and buy CYBR stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal information so you can buy CYBR stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create your new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've created your account on app for investing, you need to deposit funds:
Check out the video below to see the process of transferring money into your new investment account.
Step 4: Evaluate Cyberark Software stock
Once you have chosen the best place to buy Cyberark Software stock, it's crucial to evaluate their stock before you invest, so you actually understand the risk and upside.
Cyberark Software Metrics
Fundamentals of CYBR
WallStreetZen was created to help average investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on CYBR's stock page.
What is the fair value of CYBR stock?
Investors use many financial metrics, analyses, models, and charts to gauge CYBR's fair value.
Using relative valuations measures:
- CYBR could be overvalued based on its P/B ratio of 12.64x, relative to Software - Infrastructure industry P/B ratio of 11.64x
You can access additional valuation analysis on CYBR's stock here.
CYBR Financial Summary
Signs that CYBR is financially healthy:
- There are more short-term assets than short-term liabilities on the CYBR balance sheet.
- There are more short-term assets than long-term liabilities on the CYBR balance sheet.
- CYBR profit margin has gone up from -22% to -8.8% in the past year.
- CYBR earnings of -$116.47M is not sufficient to cover its interest payments.
Signs that CYBR is not financially healthy:
- CYBR has a relatively high debt to equity ratio of 1.55.
- Total CYBR debt is higher than 5 years ago, relative to shareholder equity.
- CYBR's operating cash flow of $56.20M allows it to safely service it's debt of $572.34M.
Do Wall Street analysts think it's a good time to buy CYBR stock
Out of 20 Equities analysts who give forecasts on CYBR, the consensus analyst rating on Cyberark Software is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent CYBR Analyst Forecasts
Shyam Patil, a top 19% analyst from Susquehanna maintains CYBR with a strong buy rating and raises their CYBR price target from $255.00 to $310.00, on Feb 9, 2024.
Catharine Trebnick, a top 11% analyst from Rosenblatt maintains CYBR with a strong buy rating and raises their CYBR price target from $265.00 to $300.00, on Feb 9, 2024.
Alex Henderson, a top 1% analyst from Needham maintains CYBR with a buy rating and raises their CYBR price target from $245.00 to $310.00, on Feb 9, 2024.
Michael Turits, a top 4% analyst from KeyBanc maintains CYBR with a strong buy rating and raises their CYBR price target from $274.00 to $305.00, on Feb 9, 2024.
KeyBanc's Michael Turits raised their price target on Cyberark Software (NASDAQ: CYBR) by 11.3% from $274 to $305 on 2024/02/09. The analyst maintained their Strong Buy rating on the stock.
Hiking their price target, Turits said about Cyberark Software's Q4 and FY 2023 earnings, reported on 2024/02/08: "The company delivered another beat and raise quarter as it continues to execute exceptionally well in the increasingly important identity security market."
Earnings Report
Cyberark Software reported:
For Q4 2023:
- EPS of $0.81, which beat the Zacks Consensus Estimate of $0.47 and, by 406.3%, Q4 2022's $0.16.
- Revenue of $223.1M, which beat the Zacks Consensus Estimate by 6.42% and Q4 2022's $169.15M by 31.9%.
- Subscription revenue of $150.3M, up 69.8% from Q4 2022's $88.5M.
For FY 2023:
- EPS of $1.12, up 354.5% from FY 2022's loss of $0.44.
- Revenue of $751.9, up 2701% from FY 2022's $591.7M.
- Subscription revenue of $472M, up 68.2% from FY 2022's $280.6M.
- AAR (Annual Recurring Revenue) at CY 2023 end of $774M, up 36% from $570M at CY 2022 end.
- Free cash flow of $51.26M, up from FY 2022's 37.19M.
Management guided:
For Q1 2024:
First Quarter 2024:
- EPS of $0.21 to $0.31.
- Revenue of $209M and $215M, representing Y/Y growth of 29% to 33%.
- Operating income of $7.5M to $12.5M.
For FY 2024:
- EPS of $1.63 to $1.81.
- Revenue of $920M to $930M, representing Y/Y growth of 22% to 24%.
- Operating income of $75.5M to $84.5M.
- ARR at CY 2024 end of $968M to $983M, representing Y/Y growth of 25% to 27% from CY 2023 end.
- Free cash flow of $85M to $95M.
CEO Matt Cohen commented: “2023 was a momentous year for CyberArk, and with our excellence in execution, we solidified our position as the leader in identity security.
“Throughout the year, we consistently delivered strong results, including in Q4 where top line growth accelerated, operating income and cash flow increased, and we again beat expectations across all guided metrics.
"Record demand for our SaaS solutions drove our subscription bookings mix to 95% in 2023 and recurring revenue reached 90% of our total revenue – we are now a fully recurring revenue company.
"The momentum in our business and our platform selling motion is demonstrated by our ARR reaching $774M and growing 36% as well as our Subscription ARR reaching $582M, growing 60%, with a record for net new Subscription ARR of $78M in Q4.
"Our identity security platform is applying the right level of controls across all identities, human or machine, regardless of environment. In today’s threat landscape, our platform and security-first approach are a business imperative, resulting in customers consolidating on our identity platform.
"With our execution in 2023, we enter 2024 in a position of strength, poised to continue to deliver durable growth, profitability, and cash flow.”
Trevor Walsh, a top 3% analyst from JMP Securities maintains CYBR with a buy rating and raises their CYBR price target from $195.00 to $280.00, on Jan 31, 2024.
You can dive deeper into what analysts are projecting on the Cyberark Software stock forecast page.
CYBR Momentum
CYBR Revenue
Last year, CYBR revenue was $751.89M. During the past 5 year, CYBR's revenue has grown by 16.98% per year. This was slower than the Software - Infrastructure industry average of 17.02%.
Dig into CYBR's earnings and revenue performance here.
What are CYBR executives and large shareholders up to?
In the past year, insiders at CYBR have not bought or sold any shares.
Get more info about who owns CYBR shares here.
Can I rely on CYBR as an income stream?
No, Cyberark Software doesn't provide an income stream by paying out dividends.
What others are saying about CYBR
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your CYBR buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific price limit, use a limit order.
Hit the Open Trade button and eToro will place your order.
If you need additional help buying stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your CYBR investment
Now that you own some CYBR shares, you'll want to keep up with your company.
Start a watchlist to monitor your CYBR stock.
CYBR Feed
How to Buy Stock in Cyberark Software
To summarize, here are the 6 steps for buying Cyberark Software stock:
- Decide where to buy Cyberark Software stock
- Create a brokerage account
- Deposit money your brokerage account
- Evaluate Cyberark Software stock
- Make your CYBR buy order
- Keep tabs on your CYBR investment
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your investment in Cyberark Software, create a watchlist today.
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