We are initiating coverage of CyberArk with a fair value estimate of $252 per share and narrow economic moat, Standard Capital Allocation, and Very High Uncertainty ratings. We currently view shares as fairly valued, trading in 3-star territory.
CyberArk’s strong PAM offering should allow the firm to consistently attract customers, before attempting to upsell/cross-sell them.
Large cybersecurity vendors have competing solutions that could affect CyberArk’s upselling motion/customer retention.
|
Metric
|
CYBR
|
QLYS
|
OKTA
|
|---|---|---|---|
Price/Earnings (Normalized) | 129.48 | 25.27 | 46.72 |
Price/Book Value | 13.63 | 13.01 | 2.67 |
Price/Sales | 14.39 | 9.40 | 6.61 |
Price/Cash Flow | 88.17 | 22.64 | 28.50 |
|
Metric
|
CYBR
|
QLYS
|
OKTA
|
|---|---|---|---|
Quick Ratio | 1.11 | 1.46 | 1.56 |
Current Ratio | 1.14 | 1.55 | 1.73 |
Interest Coverage | — | — | −46.86 |
|
Metric
|
CYBR
|
QLYS
|
OKTA
|
|---|---|---|---|
Return on Assets (Normalized) | 4.96% | 27.77% | 4.12% |
Return on Equity (Normalized) | 12.74% | 64.54% | 6.35% |
Return on Invested Capital (Normalized) | 3.90% | 53.57% | 4.12% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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