Cyberark Software Ltd (CYBR) is Reiterated by Deutsche Bank to Buy, Raises Price Target to $ 60

Cyberark Software Ltd (CYBR) was Reiterated by Deutsche Bank to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 60 from a previous price target of $50 . Deutsche Bank advised their investors in a research report released on Aug 10, 2016.

Many Wall Street Analysts have commented on Cyberark Software Ltd. Company shares were Reiterated by Imperial Capital on May 19, 2016 to “In-line”, Firm has raised the Price Target to $ 45 from a previous price target of $41 .Cyberark Software Ltd was Upgraded by BofA/Merrill to ” Buy” on May 13, 2016.

On the company’s financial health, Cyberark Software Ltd reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.19. The company had revenue of $50.40 million for the quarter, compared to analysts expectations of $48.24 million. The company’s revenue was up 38.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Cyberark Software Ltd closed down -0.62 points or -1.10% at $55.59 with 7,42,124 shares getting traded on Monday. Post opening the session at $56.4, the shares hit an intraday low of $55.44 and an intraday high of $56.9 and the price fluctuated in this range throughout the day.Shares ended Monday 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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