CyberArk: Failed Breakout

CyberArk (CYBR) plays in the volatile cybersecurity sector where companies constantly miss estimates after a big run. The stock made an attempted run at a breakout above $80 today.



The move has failed to maintain the breakout for one prime reason. CyberArk trades at about 40x '19 EPS estimates of $1.95.

A lot of chatter suggests the sock is headed to $120, but one needs to consider that this 19% revenue grower would trade at 60x '19 estimates on such a rally. The move doesn't appear likely, but the stock is worth watching on any move above $80.

Disclosure: No position. Please review the disclaimer page for more details.

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