CyberArk (CYBR) closed at $112.31 in the latest trading session, marking a +1.02% move from the prior day. This move outpaced the S&P 500's daily gain of 0.37%. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq added 0.34%.Prior to today's trading, shares of the maker of software that detects attacks on privileged accounts had gained 6.84% over the past month. This has outpaced the Computer and Technology sector's gain of 4.35% and the S&P 500's gain of 1.83% in that time.Investors will be hoping for strength from CYBR as it approaches its next earnings release. On that day, CYBR is projected to report earnings of $0.41 per share, which would represent year-over-year growth of 28.13%. Meanwhile, our latest consensus estimate is calling for revenue of $92.35 million, up 28.66% from the prior-year quarter.CYBR's full-year Zacks Consensus Estimates are calling for earnings of $1.98 per share and revenue of $413.82 million. These results would represent year-over-year changes of -3.88% and +20.58%, respectively.It is also important to note the recent changes to analyst estimates for CYBR. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 17.82% higher within the past month. CYBR is holding a Zacks Rank of #2 (Buy) right now.Investors should also note CYBR's current valuation metrics, including its Forward P/E ratio of 56.06. For comparison, its industry has an average Forward P/E of 45.47, which means CYBR is trading at a premium to the group.It is also worth noting that CYBR currently has a PEG ratio of 2.73. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Security stocks are, on average, holding a PEG ratio of 2.49 based on yesterday's closing prices.The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 17, putting it in the top 7% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CyberArk Software Ltd. (CYBR): Free Stock Analysis Report To read this article on Zacks.com click here.