CyberArk Software Ltd. (CYBR) Reaches New 52-Week High at $58.49
CyberArk Software Ltd. (NASDAQ:CYBR)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $58.49 and last traded at $57.78, with a volume of 970,057 shares traded. The stock had previously closed at $55.38.
A number of brokerages recently issued reports on CYBR. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $48.00 price target on shares of CyberArk Software in a research note on Sunday, May 29th. Nomura restated a “buy” rating and set a $62.00 target price (up previously from $60.00) on shares of CyberArk Software in a research note on Tuesday. DA Davidson upped their target price on shares of CyberArk Software from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, August 10th. Deutsche Bank AG upped their target price on shares of CyberArk Software from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Finally, Goldman Sachs Group restated a “buy” rating and set a $58.00 target price on shares of CyberArk Software in a research note on Thursday, August 11th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.97.
The company’s 50 day moving average is $54.50 and its 200-day moving average is $45.58. The firm has a market capitalization of $1.70 billion and a PE ratio of 74.90.
CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.20 by $0.09. The firm had revenue of $50.40 million for the quarter, compared to analysts’ expectations of $48.25 million. The business’s quarterly revenue was up 38.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 EPS. On average, equities research analysts expect that CyberArk Software Ltd. will post $1.07 earnings per share for the current fiscal year.
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.
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