BidaskClub Downgrades CyberArk Software (CYBR) to Sell
CyberArk Software (NASDAQ:CYBR) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.
A number of other brokerages have also recently issued reports on CYBR. Needham & Company LLC restated a “buy” rating and issued a $55.00 target price on shares of CyberArk Software in a report on Tuesday, September 12th. Piper Jaffray Companies set a $47.00 target price on CyberArk Software and gave the stock a “buy” rating in a report on Monday, October 16th. Zacks Investment Research upgraded CyberArk Software from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Bank of America upgraded CyberArk Software from an “underperform” rating to a “neutral” rating in a report on Thursday, November 2nd. Finally, UBS decreased their target price on CyberArk Software from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $49.91.
CyberArk Software (NASDAQ CYBR) opened at $43.00 on Friday. The stock has a market capitalization of $1,511.26, a price-to-earnings ratio of 67.97, a PEG ratio of 3.56 and a beta of 2.59. CyberArk Software has a 1 year low of $39.34 and a 1 year high of $55.65.
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.
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