What’s Propelling CyberArk Software Ltd. (CYBR) to Increase So Much?

February 15, 2018 - By Linda Rogers

The stock of CyberArk Software Ltd. (NASDAQ:CYBR) is a huge mover today! The stock increased 6.95% or $3.15 during the last trading session, reaching $48.5. About 1.48M shares traded or 216.54% up from the average. CyberArk Software Ltd. (NASDAQ:CYBR) has risen 9.69% since February 15, 2017 and is uptrending. It has underperformed by 7.01% the S&P500.
The move comes after 8 months positive chart setup for the $1.69 billion company. It was reported on Feb, 15 by Barchart.com. We have $52.87 PT which if reached, will make NASDAQ:CYBR worth $151.65 million more.

CyberArk Software Ltd. (NASDAQ:CYBR) Ratings Coverage

Among 26 analysts covering Cyber-Ark Software (NASDAQ:CYBR), 16 have Buy rating, 0 Sell and 10 Hold. Therefore 62% are positive. Cyber-Ark Software had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) earned “Neutral” rating by Piper Jaffray on Tuesday, September 1. The firm earned “Buy” rating on Tuesday, July 21 by Dougherty & Company. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) has “Buy” rating given on Monday, August 24 by Vetr. Needham maintained it with “Buy” rating and $55.0 target in Friday, November 3 report. Imperial Capital maintained CyberArk Software Ltd. (NASDAQ:CYBR) on Thursday, August 11 with “In-Line” rating. Imperial Capital upgraded the shares of CYBR in report on Monday, November 7 to “Outperform” rating. The firm has “Buy” rating given on Friday, July 14 by Oppenheimer. Imperial Capital maintained it with “In-Line” rating and $42 target in Friday, November 13 report. Vetr downgraded CyberArk Software Ltd. (NASDAQ:CYBR) on Tuesday, August 18 to “Strong-Buy” rating. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) earned “Buy” rating by Piper Jaffray on Friday, September 15.

More recent CyberArk Software Ltd. (NASDAQ:CYBR) news were published by: Schaeffersresearch.com which released: “What CyberArk Options Are Telling Us Ahead of Earnings” on February 14, 2018. Also Fool.com published the news titled: “CyberArk Software results: The raw numbers” on November 05, 2017. Fool.com‘s news article titled: “Why Cyberark Software Ltd. Stock Jumped 11.1% Today” with publication date: November 02, 2017 was also an interesting one.

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 $1.69 billion. The firm offers privileged account security solution to secure, manage, and monitor account access and activities. It has a 78.35 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.

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