Cyberark Software Ltd (CYBR) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.19. The company posted revenue of $50.40 million in the period, 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.
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.
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 Companys provides information technology security solutions that protect organizations from cyber attacks. The Companys 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. Its CyberArk Privileged Session Manager that isolates controls and monitors privileged user access and activities. Its CyberArk Sensitive Information Management Solution a platform for sharing and distributing information to users across systems using Web desktop mobile and email.