Will CyberArk Software Ltd. (CYBR) Run Out of Steam Soon?

May 25, 2018 - By Louis Casey

CyberArk Software Ltd. (NASDAQ:CYBR) Logo

The stock of CyberArk Software Ltd. (NASDAQ:CYBR) hit a new 52-week high and has $61.95 target or 3.00 % above today’s $60.15 share price. The 6 months bullish chart indicates low risk for the $2.17 billion company. The 1-year high was reported on May, 25 by Barchart.com. If the $61.95 price target is reached, the company will be worth $65.07M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.15% or $0.09 during the last trading session, reaching $60.15. About 128,378 shares traded. CyberArk Software Ltd. (NASDAQ:CYBR) has risen 2.02% since May 25, 2017 and is uptrending. It has underperformed by 9.53% 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 $2.52 million for 214.82 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. (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 had 14 analyst reports since February 15, 2018 according to SRatingsIntel. As per Thursday, February 15, the company rating was maintained by Piper Jaffray. The company was maintained on Thursday, February 15 by Cowen & Co. The firm has “Buy” rating by Needham given on Monday, April 23. The firm earned “Buy” rating on Thursday, April 26 by UBS. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) earned “In-Line” rating by Imperial Capital on Monday, February 26. Bank of America upgraded the shares of CYBR in report on Friday, March 9 to “Buy” rating. The firm has “Hold” rating by Deutsche Bank given on Friday, May 4. As per Friday, February 16, the company rating was maintained by Stephens. The rating was maintained by JMP Securities with “Market Outperform” on Friday, April 27. Piper Jaffray maintained it with “Buy” rating and $59.0 target in Wednesday, March 7 report.

More recent CyberArk Software Ltd. (NASDAQ:CYBR) news were published by: 247Wallst.com which released: “Short Sellers Can’t Make Up Their Minds on Cybersecurity Stocks” on May 25, 2018. Also Streetinsider.com published the news titled: “CyberArk Software (CYBR) PT Raised to $65 at Oppenheimer” on May 04, 2018. Seekingalpha.com‘s news article titled: “CyberArk: Cruising Higher On Niche Product” with publication date: May 11, 2018 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 $2.17 billion. The firm offers privileged account security solution to secure, manage, and monitor account access and activities. It has a 146.35 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.

CyberArk Software Ltd. (NASDAQ:CYBR) Ratings Chart

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