What’s Cyberark Software Ltd Upside After Today’s Bullish Options Activity?

 What's Cyberark Software Ltd Upside After Today's Bullish Options Activity?

In today’s session Cyberark Software Ltd (CYBR) registered an unusually high (925) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CYBR increase. With 925 contracts traded and 11594 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CYBR161118C00050000 closed last at: $1.35 or 6.9% down. About 625,081 shares traded hands or 56.78% up from the average. Cyberark Software Ltd (NASDAQ:CYBR) has risen 6.34% since April 1, 2016 and is uptrending. It has outperformed by 5.13% the S&P500.

Cyberark Software Ltd (NASDAQ:CYBR) Ratings Coverage

Out of 20 analysts covering Cyber-Ark Software (NASDAQ:CYBR), 13 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 65% are positive. $72 is the highest target while $41 is the lowest. The $57.71 average target is 17.51% above today’s ($49.11) stock price. Cyber-Ark Software has been the topic of 38 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Cyberark Software Ltd (NASDAQ:CYBR) earned “Buy” rating by Deutsche Bank on Wednesday, August 10. The company was downgraded on Tuesday, November 10 by Bank of America. Vetr upgraded Cyberark Software Ltd (NASDAQ:CYBR) rating on Monday, August 24. Vetr has “Buy” rating and $67.1 price target. As per Thursday, August 11, the company rating was maintained by Imperial Capital. As per Friday, September 9, the company rating was initiated by UBS. The stock has “Buy” rating given by Summit Research on Monday, March 14. The stock of Cyberark Software Ltd (NASDAQ:CYBR) earned “Overweight” rating by First Analysis on Monday, October 24. The company was maintained on Wednesday, August 12 by Dougherty & Company. Summit Redstone Partners reinitiated the stock with “Buy” rating in Wednesday, June 29 report. The firm has “Market Perform” rating given on Monday, September 26 by Cowen & Co.

According to Zacks Investment Research, “CyberArk Software Ltd. provides information technology security solutions. The Company offers services which protect organizational privileged accounts from cyber-attacks. Its products include CyberArk Shared Technology Platform, Privileged Account Security Solution and Sensitive Information Management Solution. The company offers privileged account security solution consists of enterprise password vault, which provides a tool to manage and protect physical, virtual, or cloud-based assets in an organization; privileged session manager that protects IT assets; and application identity manager, which addresses the challenges of hard-coded, embedded credentials, and cryptographic keys being hijacked and exploited by malicious insiders or external cyber attackers. CyberArk Software Ltd. is headquartered in Petach Tikva, Israel.”

CyberArk Software Ltd. provides information technology (IT) security solutions that protect organizations from cyber-attacks. The company has a market cap of $1.62 billion. The Company’s products include Privileged Account Security Solution and Sensitive Information Management Solution. It has a 63.89 P/E ratio. The Company’s Privileged Account Security Solution enables its clients to secure, manage and monitor privileged account access and activities.

CYBR Company Profile

CyberArk Software Ltd. (CyberArk), incorporated on February 28, 1996, provides information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s products include Privileged Account Security Solution and Sensitive Information Management Solution. The Company’s solutions provide protection against cyber-attacks from both external and internal sources and allow for real-time detection and neutralization of such threats.

More notable recent Cyberark Software Ltd (NASDAQ:CYBR) news were published by: Fool.com which released: “Why Investors Are Paying a Premium for CyberArk Software Ltd” on October 05, 2016, also Fool.com with their article: “Can CyberArk Software Ltd Regain Its Mojo?” published on September 08, 2016, Fool.com published: “CyberArk Software Ltd. Delivers 39% Revenue Growth” on August 19, 2016. More interesting news about Cyberark Software Ltd (NASDAQ:CYBR) were released by: Seekingalpha.com and their article: “CyberArk Third Quarter Results Review” published on October 31, 2016 as well as Fool.com‘s news article titled: “The 4 Biggest Risks To CyberArk Software Ltd. Stock” with publication date: May 13, 2016.

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