Cyberark Software Ltd (CYBR) Releases Earnings Results, Beats Expectations By $0.07 EPS

Cyberark Software Ltd (CYBR) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.23 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.16. The company posted revenue of $46.91 million in the period, compared to analysts expectations of $43.37 million. The company’s revenue was up 42.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on Cyberark Software Ltd. Cyberark Software Ltd was Initiated by Goldman to “Buy” on Mar 21, 2016. Shares were Reiterated by Imperial Capital on Feb 18, 2016 to “In-line” and Lowered the Price Target to $ 41 from a previous price target of $42 .Shares were Reiterated by Oppenheimer on Feb 12, 2016 to “Outperform” and Lowered the Price Target to $ 60 from a previous price target of $70 .

Cyberark Software Ltd closed down -1.82 points or -4.38% at $39.73 with 7,46,932 shares getting traded on Wednesday. Post opening the session at $41.05, the shares hit an intraday low of $39.56 and an intraday high of $41.55 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Cyberark Software Ltd is an Israel-based security company. The Company’s provides information technology security solutions that protect organizations from cyber attacks. The Company’s products include CyberArk Shared Technology Platform Privileged Account Security Solution and Sensitive Information Management Solution. It offers Privileged Account Security Solution a solution to protect monitor detect alert and respond to privileged accounts. The company also provides Enterprise Class Integration for devices networks applications and servers. It’s CyberArk Privileged Session Manager that isolates controls and monitors privileged user access and activities. It’s CyberArk Sensitive Information Management Solution a platform for sharing and distributing information to users across systems using Web desktop mobile and email.

Cyberark Software Ltd

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