Cyberark Software Intrinsic Value – CYBERARK SOFTWARE Reports Q2 Fiscal Year 2023 Financial Results on June 30, 2023
August 12, 2023
🌥️Earnings Overview
CYBERARK SOFTWARE ($NASDAQ:CYBR) reported their financial results for Q2 of Fiscal Year 2023 on June 30, 2023, revealing a 23.5% year-on-year increase in total revenue to USD 175.8 million and an improvement in net income of USD 11.8 million, from -25.8 million in the same quarter of the previous year.
Price History
June 30, 2023 marked a significant day for the leading provider of Privileged Access Security solutions on the market, CYBERARK SOFTWARE. On this day, the company reported their Q2 fiscal year 2023 financial results, and the news was overwhelmingly positive. The opening stock price of CYBERARK SOFTWARE on Thursday was $152.3 and by the end of the day, it had soared to $162.0, a 13.0% increase from the previous closing price of 143.4. This increase in stock price signals that investors are pleased with the financial performance of the company over the past quarter and are confident that CYBERARK SOFTWARE will continue to experience growth in the upcoming quarters.
CYBERARK SOFTWARE’s strong financial performance is indicative of the demand for their products on the market, particularly in the Privileged Access Security space. With their comprehensive security suites and comprehensive support services, they are perfectly positioned to meet the needs of businesses in all industries. Overall, CYBERARK SOFTWARE’s Q2 financial results are incredibly encouraging, and investors are optimistic about the future of the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cyberark Software. More…
| Total Revenues | Net Income | Net Margin |
| 659.37 | -115.73 | -17.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cyberark Software. More…
| Operations | Investing | Financing |
| 33.93 | -31.53 | 12.65 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cyberark Software. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.83k | 1.14k | 16.57 |
Key Ratios Snapshot
Some of the financial key ratios for Cyberark Software are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.5% | -33.4% | -20.8% |
| FCF Margin | ROE | ROA |
| 3.3% | -12.5% | -4.7% |
Analysis – Cyberark Software Intrinsic Value
At GoodWhale, we have conducted an analysis of CYBERARK SOFTWARE‘s wellbeing. Our proprietary Valuation Line, which takes into account many factors such as the company’s financial performance, growth prospects and the competitive landscape, has concluded that the fair value for the company’s stock is around $169.5. However, at the moment, its share is currently being traded at $162.0, a fair price that is undervalued by 4.4%. For investors looking to invest in CYBERARK SOFTWARE, now may be a good time to do so. More…
Peers
In the realm of cyber security, there are many companies that offer similar products and services. SolarWinds Corp, Sumo Logic Inc, and CYREN Ltd all provide excellent services, but they lack the comprehensive and sophisticated approach that CyberArk takes.
– SolarWinds Corp ($NYSE:SWI)
Winds Corp’s market cap and ROE suggest that the company is not doing well. The company has a negative return on equity, meaning that it is not generating enough revenue to cover its expenses. The company’s market cap is also relatively low, meaning that it is not as valuable as other companies in the market. Wind Corp is a provider of software and services for IT professionals.
– Sumo Logic Inc ($NASDAQ:SUMO)
Sumo Logic is a cloud-based machine data analytics company that enables its customers to collect, monitor, and analyze data generated by their applications, websites, and infrastructure. The company’s services are used by organizations across a range of industries, including healthcare, financial services, retail, and technology. Sumo Logic was founded in 2010 and is headquartered in Redwood City, California.
– CYREN Ltd ($NASDAQ:CYRN)
CYREN Ltd. is a provider of Internet security solutions. The company offers a range of solutions for businesses and consumers to protect against malware, phishing, and other online threats. Its products and services are used by some of the world’s largest companies, including Microsoft, AOL, and Symantec. CYREN has a market cap of 8.58M as of 2022 and a ROE of -120.94%. The company’s products and services are used by some of the world’s largest companies, including Microsoft, AOL, and Symantec.
Summary
Investors in CYBERARK SOFTWARE saw a positive reaction in the stock price on June 30th when the company reported their financial results for Q2 2023. Total revenue rose 23.5% year-on-year to USD 175.8 million, whilst net income improved to -25.8 million, an increase of USD 11.8 million compared to the prior year quarter. This is positive news for investors in CYBERARK SOFTWARE, as it reflects the company’s ability to continue to generate revenue and improve profitability despite the impact of the pandemic. Going forward, investors should keep an eye on the company’s performance in order to make informed decisions about the future of their investments.
