CyberArk Software (CYBR) Is Today's Strong On High Volume Stock

Trade-Ideas LLC identified CyberArk Software (CYBR) as a strong on high relative volume candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

CyberArk Software

(

CYBR

) 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 $35.5 million.
  • CYBR has traded 311,018 shares today.
  • CYBR is trading at 2.09 times the normal volume for the stock at this time of day.
  • CYBR is trading at a new high 4.16% 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. The company offers privileged account security solution to secure, manage, and monitor account access and activities. CYBR has a PE ratio of 6. Currently there are 10 analysts that rate CyberArk Software a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for CyberArk Software has been 656,400 shares per day over the past 30 days. CyberArk Software has a market cap of $1.6 billion and is part of the technology sector and computer software & services industry. Shares are up 7.2% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates CyberArk Software as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 8.5%. Since the same quarter one year prior, revenues rose by 42.5%. This growth in revenue does not appear to have trickled down to the company's bottom line, displaying stagnant earnings per share.
  • CYBR has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 3.98, which clearly demonstrates the ability to cover short-term cash needs.
  • Net operating cash flow has increased to $16.54 million or 11.21% when compared to the same quarter last year. Despite an increase in cash flow, CYBERARK SOFTWARE LTD's cash flow growth rate is still lower than the industry average growth rate of 22.47%.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. 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.
  • CYBR has underperformed the S&P 500 Index, declining 22.66% from its price level of one year ago. Looking ahead, we do not see anything in this company's numbers that would change the one-year trend. It was down over the last twelve months; and it could be down again in the next twelve. Naturally, a bull or bear market could sway the movement of this stock.

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