Shares of Cyberark Software Ltd (NASDAQ:CYBR) have received a consensus recommendation of “Buy” from the twenty-two brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $51.64.
A number of analysts have commented on the company. Bank of America raised Cyberark Software from an “underperform” rating to a “neutral” rating in a research report on Thursday, November 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $53.00 price objective on shares of Cyberark Software in a report on Friday, February 16th. BidaskClub raised Cyberark Software from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. UBS Group decreased their price objective on Cyberark Software from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Finally, Imperial Capital reissued an “outperform” rating and issued a $50.00 price objective (up previously from $44.00) on shares of Cyberark Software in a report on Monday.
Several institutional investors have recently made changes to their positions in CYBR. New York State Common Retirement Fund increased its stake in shares of Cyberark Software by 24.9% in the 2nd quarter. New York State Common Retirement Fund now owns 19,622 shares of the technology company’s stock valued at $980,000 after purchasing an additional 3,916 shares in the last quarter. Northern Trust Corp increased its stake in shares of Cyberark Software by 25.9% in the 2nd quarter. Northern Trust Corp now owns 86,093 shares of the technology company’s stock valued at $4,300,000 after purchasing an additional 17,695 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Cyberark Software by 59.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,495 shares of the technology company’s stock valued at $924,000 after purchasing an additional 6,897 shares in the last quarter. State Street Corp increased its stake in shares of Cyberark Software by 36.0% in the 2nd quarter. State Street Corp now owns 158,397 shares of the technology company’s stock valued at $7,909,000 after purchasing an additional 41,955 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Cyberark Software by 15.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,119 shares of the technology company’s stock valued at $455,000 after purchasing an additional 1,201 shares in the last quarter. Hedge funds and other institutional investors own 76.15% of the company’s stock.
Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 15th. The technology company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. Cyberark Software had a return on equity of 6.88% and a net margin of 6.12%. The company had revenue of $80.37 million during the quarter, compared to analysts’ expectations of $75.62 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s revenue was up 24.9% compared to the same quarter last year. research analysts predict that Cyberark Software will post 0.54 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: This report was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.tickerreport.com/banking-finance/3228054/cyberark-software-ltd-cybr-receives-average-rating-of-buy-from-analysts.html.
Cyberark Software Company Profile
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.
Receive News & Ratings for Cyberark Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cyberark Software and related companies with MarketBeat.com's FREE daily email newsletter.