CyberArk Software Ltd. (CYBR)’s Stock Is Buy After Today’s Significant Increase

February 15, 2018 - By Jan Rainey

The stock of CyberArk Software Ltd. (NASDAQ:CYBR) is a huge mover today! The stock increased 6.95% or $3.15 during the last trading session, reaching $48.5. About 1.48M shares traded or 216.54% up from the average. CyberArk Software Ltd. (NASDAQ:CYBR) has risen 9.69% since February 15, 2017 and is uptrending. It has underperformed by 7.01% the S&P500.
The move comes after 8 months positive chart setup for the $1.69 billion company. It was reported on Feb, 15 by Barchart.com. We have $52.87 PT which if reached, will make NASDAQ:CYBR worth $151.65 million more.

CyberArk Software Ltd. (NASDAQ:CYBR) Ratings Coverage

Among 26 analysts covering Cyber-Ark Software (NASDAQ:CYBR), 16 have Buy rating, 0 Sell and 10 Hold. Therefore 62% are positive. Cyber-Ark Software had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by UBS on Friday, September 9 with “Neutral”. The rating was initiated by Pacific Crest with “Sector Weight” on Thursday, September 15. Stephens initiated the shares of CYBR in report on Tuesday, April 19 with “Overweight” rating. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) earned “Hold” rating by Evercore on Tuesday, December 15. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) has “Outperform” rating given on Friday, August 14 by Wells Fargo. The stock has “Hold” rating by J.P. Morgan on Friday, July 14. The rating was initiated by First Analysis with “Overweight” on Monday, October 24. The firm has “Buy” rating by Nomura given on Friday, September 25. The rating was maintained by JMP Securities with “Buy” on Thursday, September 21. Evercore upgraded CyberArk Software Ltd. (NASDAQ:CYBR) on Wednesday, March 29 to “Outperform” rating.

More recent CyberArk Software Ltd. (NASDAQ:CYBR) news were published by: Schaeffersresearch.com which released: “What CyberArk Options Are Telling Us Ahead of Earnings” on February 14, 2018. Also Fool.com published the news titled: “Why Cyberark Software Ltd. Stock Jumped 11.1% Today” on November 02, 2017. Fool.com‘s news article titled: “CyberArk Software results: The raw numbers” with publication date: November 05, 2017 was also an interesting one.

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 $1.69 billion. The firm offers privileged account security solution to secure, manage, and monitor account access and activities. It has a 78.35 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.

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