Cyberark Software (CYBR) Rating Lowered to Sell at BidaskClub
BidaskClub lowered shares of Cyberark Software (NASDAQ:CYBR) from a hold rating to a sell rating in a research report sent to investors on Friday morning.
Other analysts have also issued research reports about the company. Bank of America upgraded Cyberark Software from an underperform rating to a neutral rating in a report on Thursday, November 2nd. UBS reduced their target price on Cyberark Software from $52.00 to $50.00 and set a neutral rating for the company in a report on Friday, November 3rd. Zacks Investment Research lowered Cyberark Software from a hold rating to a sell rating in a report on Thursday, September 21st. Stifel Nicolaus restated a buy rating and issued a $55.00 target price on shares of Cyberark Software in a report on Friday, November 3rd. Finally, Piper Jaffray Companies set a $47.00 target price on Cyberark Software and gave the company a buy rating in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cyberark Software has a consensus rating of Hold and a consensus price target of $49.91.
Shares of Cyberark Software (NASDAQ:CYBR) opened at $43.97 on Friday. The stock has a market capitalization of $1,514.73, a price-to-earnings ratio of 68.13, a PEG ratio of 3.57 and a beta of 2.59. Cyberark Software has a 1-year low of $39.34 and a 1-year high of $55.65.
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About Cyberark Software
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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