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.

Comments

Jennifer said…
The move has failed to maintain the breakout for one prime reason. CyberArk trades at about 40x '19 EPS estimates of $1.95. P2150-870 dumps

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