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CyberArk Software Fell Yesterday

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Oct. 9 2018, Updated 9:07 a.m. ET

Stock returns

CyberArk Software stock (CYBR) fell 5.5% on October 8 to close at $70.13. The stock is currently trading 73% above its 52-week low of $40.63 and 14% below its 52-week high of $81.24.

CyberArk stock has generated absolute returns of 97% since February 2016. However, since the start of October 2018, the stock has fallen 12%. In 2018, CyberArk stock has gained an impressive 69%.

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Revenue and earnings growth

CyberArk is slated to post robust revenue and earnings growth. Analysts expect the company’s sales to rise 23.4% to $323 million in fiscal 2018 and 18.9% to $384 million in fiscal 2019. The earnings per share are expected to rise by 26.7% in 2018, 17% in 2019, and at a CAGR (compound annual growth rate) of 29.3% over the next five years.

Analyst outlook

Morgan Stanley (MS) upgraded its outlook on CyberArk from “equal-weight” to “overweight” on September 27, while J.P. Morgan (JPM) upgraded the stock from “neutral” to “overweight” on August 8.

Of the 21 analysts tracking CYBR, 11 have recommended a “buy” for the stock, and ten have recommended a “hold.” There aren’t any “sell” recommendations. The average 12-month target price for CyberArk is $78.56, indicating that it’s trading at a discount of 12% to its current price.

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