CYBR Stock Summary and Trading Ideas (Cyberark Software Ltd. - | NASDAQ:CYBR)

CyberArk Software Ltd provides Information technology security solutions to protect data, infrastructure, and assets across the enterprise. The company's software solutions are focused on protecting privileged accounts, credentials, and secrets. Its products and services include Privileged Access Manager, Vendor Privileged Access Manager, Privileged Session Manager (PSM), Enterprise Password Vault (EPV), PrivateArk, and Privilege Cloud, among others. Geographically, it generates maximum revenue from the United States and also has a presence in Europe, Middle East and Africa and Other countries.

Cyberark Software Ltd. - trades on the NASDAQ stock market under the symbol CYBR.

As of April 30, 2024, CYBR stock price declined to $239.35 with 141,092 million shares trading.

CYBR has a beta of 1.62, meaning it tends to be more sensitive to market movements. CYBR has a correlation of 0.34 to the broad based SPY ETF.

CYBR has a market cap of $10.00 billion. This is considered a Mid Cap stock.

Last quarter Cyberark Software Ltd. - reported $223 million in Revenue and $.81 earnings per share. This beat revenue expectation by $13 million and exceeded earnings estimates by $.34.

In the last 3 years, CYBR stock traded as high as $283.00 and as low as $100.35.

The top ETF exchange traded funds that CYBR belongs to (by Net Assets): CIBR, HACK, IEFA, BUG, IHAK.

CYBR has outperformed the market in the last year with a return of +92.1%, while the SPY ETF gained +23.2%. However, in the most recent history, CYBR shares have underperformed the stock market with its stock returning +1.4% in the last 3 month period and -0.2% for the last 2 week period, while SPY has returned +3.2% and +0.2%, respectively.

CYBR support price is $238.33 and resistance is $248.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CYBR stock will trade within this expected range on the day.