Cyberark Software (CYBR) Lifted to Buy at BidaskClub

Cyberark Software (NASDAQ:CYBR) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

A number of other equities research analysts have also recently commented on CYBR. UBS Group increased their target price on shares of Cyberark Software from $71.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Citigroup increased their target price on shares of Cyberark Software to $85.00 and gave the company a “hold” rating in a research report on Thursday, November 8th. JPMorgan Chase & Co. increased their target price on shares of Cyberark Software to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 8th. Morgan Stanley set a $95.00 target price on shares of Cyberark Software and gave the company a “buy” rating in a research report on Thursday, November 8th. Finally, Wedbush reissued an “outperform” rating and set a $95.00 target price on shares of Cyberark Software in a research report on Thursday, November 8th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Cyberark Software has a consensus rating of “Buy” and an average target price of $78.94.

Shares of CYBR opened at $74.93 on Tuesday. Cyberark Software has a fifty-two week low of $40.63 and a fifty-two week high of $84.21. The company has a market capitalization of $2.64 billion, a PE ratio of 102.64, a price-to-earnings-growth ratio of 4.40 and a beta of 2.09.

Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.21. Cyberark Software had a net margin of 8.41% and a return on equity of 9.38%. The firm had revenue of $84.70 million during the quarter, compared to analysts’ expectations of $78.82 million. During the same quarter in the prior year, the company earned $0.25 EPS. The company’s revenue was up 30.7% compared to the same quarter last year. As a group, research analysts expect that Cyberark Software will post 1.01 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of CYBR. DekaBank Deutsche Girozentrale increased its stake in Cyberark Software by 130.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,845 shares of the technology company’s stock valued at $136,000 after purchasing an additional 1,045 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Cyberark Software during the 3rd quarter valued at approximately $149,000. Sawtooth Solutions LLC acquired a new position in Cyberark Software during the 3rd quarter valued at approximately $207,000. Winslow Evans & Crocker Inc. acquired a new position in Cyberark Software during the 3rd quarter valued at approximately $214,000. Finally, FundX Investment Group LLC acquired a new position in Cyberark Software during the 2nd quarter valued at approximately $220,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Cyberark Software Company Profile

CyberArk Software Ltd. develops, markets, and sells software-based 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. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.

Read More: Using the New Google Finance Tool

Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

Receive News & Ratings for Cyberark Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cyberark Software and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit