CyberArk Software (CYBR) Is Today's Strong On High Volume Stock
Trade-Ideas LLC identified
(
) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified CyberArk Software as such a stock due to the following factors:
- CYBR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $61.3 million.
- CYBR has traded 136,092 shares today.
- CYBR is trading at 2.07 times the normal volume for the stock at this time of day.
- CYBR is trading at a new high 3.06% above yesterday's close.
'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.
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More details on CYBR:
CyberArk Software Ltd. develops, markets, and sells software-based IT security solutions that protect organizations from cyber attacks in the United States and internationally. CYBR has a PE ratio of 156. Currently there are 6 analysts that rate CyberArk Software a buy, 1 analyst rates it a sell, and 4 rate it a hold.
The average volume for CyberArk Software has been 1.5 million shares per day over the past 30 days. CyberArk Software has a market cap of $1.2 billion and is part of the technology sector and computer software & services industry. Shares are up 1.3% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates CyberArk Software as a
. Among the areas we feel are negative, one of the most important has been premium valuation based on our review of its current price compared to such things as earnings and book value.
Highlights from the ratings report include:
- When compared to other companies in the Software industry and the overall market, CYBERARK SOFTWARE LTD's return on equity is below that of both the industry average and the S&P 500.
- The gross profit margin for CYBERARK SOFTWARE LTD is currently very high, coming in at 83.95%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 13.53% trails the industry average.
- Net operating cash flow has improved to $21.43 million from having none in the same quarter last year. Since the company had no net operating cash flow for the prior period, we cannot calculate a percent change in order to compare its growth rate with that of its industry average.
- CYBERARK SOFTWARE LTD reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This year, the market expects an improvement in earnings ($0.64 versus $0.38).
- You can view the full CyberArk Software Ratings Report.
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