Breaking: Barclays Maintains $69 TP On CyberArk Software (NASDAQ:CYBR) Shares, Maintains Their Original “Equal-Weight” Rating

August 9, 2018 - By Ash Maslow

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CyberArk Software (NASDAQ:CYBR) Rating Reaffirmed

Barclays now has a $69 target on shares of CyberArk Software (NASDAQ:CYBR). The target means a potential downside of -0.03 % from the last stock close price of CyberArk Software (NASDAQ:CYBR). This rating was shown in analysts note on Wednesday morning.

CyberArk Software Ltd. (NASDAQ:CYBR) Ratings Coverage

Among 13 analysts covering CyberArk (NASDAQ:CYBR), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. CyberArk has $73 highest and $50 lowest target. $61.67’s average target is -10.65% below currents $69.02 stock price. CyberArk had 20 analyst reports since February 15, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Friday, April 20 by Cowen & Co. As per Monday, April 23, the company rating was maintained by Needham. Bank of America maintained the shares of CYBR in report on Thursday, June 14 with “Buy” rating. UBS maintained the stock with “Buy” rating in Thursday, June 7 report. JP Morgan upgraded CyberArk Software Ltd. (NASDAQ:CYBR) on Wednesday, August 8 to “Overweight” rating. The rating was maintained by Barclays Capital on Thursday, July 12 with “Equal-Weight”. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) has “Buy” rating given on Friday, March 9 by Bank of America. The firm earned “Market Outperform” rating on Friday, April 27 by JMP Securities. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) has “Buy” rating given on Wednesday, March 7 by Piper Jaffray. Deutsche Bank maintained the stock with “Hold” rating in Friday, May 4 report.

The stock increased 11.74% or $7.25 during the last trading session, reaching $69.02. About 1.84 million shares traded or 356.83% up from the average. CyberArk Software Ltd. (NASDAQ:CYBR) has risen 23.18% since August 9, 2017 and is uptrending. It has outperformed by 10.61% the S&P500.

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 $2.49 billion. The firm offers privileged account security solution to secure, manage, and monitor account access and activities. It has a 167.93 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.

More notable recent CyberArk Software Ltd. (NASDAQ:CYBR) news were published by: Benzinga.com which released: “68 Stocks Moving In Wednesday’s Mid-Day Session” on August 08, 2018, also Nasdaq.com with their article: “LandStar, Inc. Announces that Data443 Joins CyberArk (NASDAQ:CYBR) as C3 Alliance Global Technology Partner” published on July 16, 2018, Businesswire.com published: “CyberArk Announces Strong Second Quarter 2018 Results” on August 07, 2018. More interesting news about CyberArk Software Ltd. (NASDAQ:CYBR) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: AECOM, CyberArk, Dillard’s, Hasbro, Mattel, Newell, Papa John’s, Shopify …” published on August 08, 2018 as well as Seekingalpha.com‘s news article titled: “Illinois Tool Works Is Doing Better Than The Stock Indicates – Cramer’s Lightning Round (7/17/18)” with publication date: July 18, 2018.

CyberArk Software Ltd. (NASDAQ:CYBR) Ratings Chart

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