CyberArk Software Ltd. (CYBR) Earns Buy Rating from Deutsche Bank AG
CyberArk Software Ltd. (NASDAQ:CYBR)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a research note issued on Friday.
Other equities research analysts have also recently issued research reports about the company. DA Davidson boosted their target price on CyberArk Software from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, August 10th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $58.00 target price on shares of CyberArk Software in a report on Thursday, August 11th. Nomura boosted their target price on CyberArk Software from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Piper Jaffray Cos. reissued an “overweight” rating and set a $60.00 target price (up previously from $55.00) on shares of CyberArk Software in a report on Saturday, August 13th. Finally, Imperial Capital boosted their target price on CyberArk Software from $45.00 to $55.00 and gave the stock an “in-line” rating in a report on Thursday, August 11th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $57.41.
Shares of CyberArk Software (NASDAQ:CYBR) opened at 47.04 on Friday. The firm has a market cap of $1.39 billion, a PE ratio of 61.25 and a beta of 2.92. The stock’s 50 day moving average price is $51.56 and its 200 day moving average price is $48.12. CyberArk Software has a 12-month low of $31.50 and a 12-month high of $59.28.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/14/cyberark-software-ltd-cybr-earns-buy-rating-from-deutsche-bank-ag.html
CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Tuesday, August 9th. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.09. CyberArk Software had a return on equity of 12.54% and a net margin of 14.55%. The firm had revenue of $50.40 million for the quarter, compared to analysts’ expectations of $48.25 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. The firm’s quarterly revenue was up 38.6% compared to the same quarter last year. On average, equities research analysts predict that CyberArk Software will post $1.07 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the company. Societe Generale acquired a new stake in CyberArk Software during the second quarter worth $126,000. SG Americas Securities LLC acquired a new stake in CyberArk Software during the second quarter worth $126,000. Public Employees Retirement Association of Colorado acquired a new stake in CyberArk Software during the second quarter worth $136,000. Springbok Capital Management LLC acquired a new stake in CyberArk Software during the first quarter worth $168,000. Finally, Royal Bank of Canada raised its stake in CyberArk Software by 1.3% in the first quarter. Royal Bank of Canada now owns 5,730 shares of the company’s stock worth $244,000 after buying an additional 72 shares during the last quarter. 70.11% of the stock is currently owned by hedge funds and other institutional investors.
CyberArk Software Company Profile
CyberArk Software Ltd. (CyberArk) provides information technology (IT) security solutions that protect organizations from cyber-attacks. The Company’s products include Privileged Account Security Solution and Sensitive Information Management Solution. Its Privileged Account Security Solution enables its customers to secure, manage and monitor privileged account access and activities.
Receive News & Ratings for CyberArk Software Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.