Breaking: CyberArk Software (NASDAQ:CYBR) “Buy” Rating Reiterated by Bank of America Today; The TP is $73

June 14, 2018 - By Michael Collier

CyberArk Software Ltd. (NASDAQ:CYBR) Logo

CyberArk Software (NASDAQ:CYBR) Rating Reaffirmed

Stock research analysts at Bank of America now has a $73 target price per share on CyberArk Software (NASDAQ:CYBR). Bank of America and their recent target price per share indicates a potential upside of 10.19 % from the company’s last stock price. The rating has been revealed to investors in a note on Thursday, 14 June.

CyberArk Software Ltd. (NASDAQ:CYBR) Ratings Coverage

Among 11 analysts covering CyberArk (NASDAQ:CYBR), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. CyberArk has $7100 highest and $50 lowest target. $58.90’s average target is -11.09% below currents $66.25 stock price. CyberArk had 15 analyst reports since February 15, 2018 according to SRatingsIntel. Cowen & Co maintained the stock with “Hold” rating in Thursday, February 15 report. Imperial Capital maintained the stock with “In-Line” rating in Monday, February 26 report. UBS maintained it with “Buy” rating and $61 target in Thursday, April 26 report. As per Friday, March 9, the company rating was upgraded by Bank of America. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, March 7 report. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, May 4. The firm has “Buy” rating by Piper Jaffray given on Thursday, February 15. JMP Securities maintained CyberArk Software Ltd. (NASDAQ:CYBR) rating on Friday, April 27. JMP Securities has “Market Outperform” rating and $63 target. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) earned “Hold” rating by Cowen & Co on Friday, April 20. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) earned “Buy” rating by Stifel Nicolaus on Friday, May 4.

The stock increased 0.88% or $0.58 during the last trading session, reaching $66.25. About 510,007 shares traded or 32.70% up from the average. CyberArk Software Ltd. (NASDAQ:CYBR) has risen 23.18% since June 15, 2017 and is uptrending. It has outperformed by 10.61% the S&P500.

Analysts await CyberArk Software Ltd. (NASDAQ:CYBR) to report earnings on August, 14. They expect $0.07 EPS, down 36.36 % or $0.04 from last year’s $0.11 per share. CYBR’s profit will be $2.52M for 236.61 P/E if the $0.07 EPS becomes a reality. After $0.20 actual EPS reported by CyberArk Software Ltd. for the previous quarter, Wall Street now forecasts -65.00 % negative EPS growth.

CyberArk Software Ltd. develops, markets, and sells software IT security solutions that protect organizations from cyber attacks in the United States and internationally. The company has market cap of $2.39 billion. The firm offers privileged account security solution to secure, manage, and monitor account access and activities. It has a 161.19 P/E ratio. The Company’s privileged account security solution consists of Enterprise Password Vault that provides a tool to manage and protect physical, virtual, or cloud assets; SSH Key Manager to store, rotate, and control access to SSH keys for preventing unauthorized access to privileged accounts; Privileged Session Manager that protects servers, applications, databases, and hypervisors from malware; and Privileged Threat Analytics that profiles and analyzes individual privileged user behavior and creates prioritized alerts when abnormal activity is detected.

More notable recent CyberArk Software Ltd. (NASDAQ:CYBR) news were published by: Businesswire.com which released: “CyberArk to Present at Upcoming Investor Conferences” on May 30, 2018, also 247Wallst.com with their article: “Short Sellers Can’t Make Up Their Minds on Cybersecurity Stocks” published on May 25, 2018, Finance.Yahoo.com published: “Palo Alto Networks Inc.: Can the ‘$128 Million Man’ Invigorate PANW Stock?” on June 07, 2018. More interesting news about CyberArk Software Ltd. (NASDAQ:CYBR) were released by: Businesswire.com and their article: “CyberArk Extends Technology Leadership with Global Privileged Access Security Awards” published on June 12, 2018 as well as 247Wallst.com‘s news article titled: “Short Sellers Hike Bets in Cybersecurity Stocks” with publication date: June 12, 2018.

CyberArk Software Ltd. (NASDAQ:CYBR) Ratings Chart

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