Cyberark Software Ltd (CYBR) is Upgraded by BofA/Merrill to Buy

Cyberark Software Ltd (CYBR) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on May 13, 2016.

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 .

On the company’s financial health, Cyberark Software Ltd reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.16. The company had revenue of $46.91 million for the quarter, 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.

Cyberark Software Ltd opened for trading at $40.51 and hit $41.49 on the upside on Tuesday, eventually ending the session at $41.4, with a gain of 1.45% or 0.59 points. The heightened volatility saw the trading volume jump to 5,37,740 shares. Company has a market cap of $1,378 M.

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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