Cyberark Software Ltd is Initiated by Stifel to “Buy”

Cyberark Software Ltd (CYBR) was Initiated by Stifel to “Buy” and the brokerage firm has set the Price Target at $62. Stifel advised their Clients and Investors in a research report released on Feb 14, 2017.

On the company’s financial health, Cyberark Software Ltd reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Feb 9, 2017. Analyst had a consensus of $0.33. The company had revenue of $64.36 million for the quarter, compared to analysts expectations of $63.02 million. The company’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Cyberark Software Ltd closed down -2.47 points or -4.46% at $52.86 with 16,09,769 shares getting traded on Friday. Post opening the session at $53.05, the shares hit an intraday low of $51.58 and an intraday high of $54.48 and the price fluctuated in this range throughout the day.Shares ended Friday 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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