Barclays Upgrades Cyberark Software Ltd to Overweight with Price Target $60.00

Brokerage firm Barclays Upgrades its rating on Cyberark Software Ltd(NASDAQ:CYBR). In a research note issued to the investors, the brokerage major Raises the price-target to $60.00 per share. The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Barclays was issued on Jul 5, 2016.

In a different note, On Jun 29, 2016, Summit Redstone Partners said it Assumes its rating on Cyberark Software Ltd. The shares have been rated ‘Buy’ by the firm. On May 13, 2016, Bank of America said it Upgrades its rating on Cyberark Software Ltd. The shares have been rated ‘Buy’ by the firm. Stephens & Co. said it Initiates Coverage on Cyberark Software Ltd, according to a research note issued on Apr 19, 2016. The shares have been rated ‘Overweight’ by the firm.

Cyberark Software Ltd (CYBR) made into the market gainers list on Fridays trading session with the shares advancing 2.38% or 1.2 points. Due to strong positive momentum, the stock ended at $51.7, which is also near the day’s high of $52.75. The stock began the session at $51.01 and the volume stood at 8,01,909 shares. The 52-week high of the shares is $64.3 and the 52 week low is $31.5. The company has a current market capitalization of $1,721 M and it has 3,32,89,839 shares in outstanding.

Cyberark Software Ltd(CYBR) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $46.91M. Analysts had an estimated revenue of $43.38M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.16.

Cyberark Software Ltd is an Israel-based security company. The Company’s provides information technology security solutions that protect organizations from cyber attacks. The Company’s products include CyberArk Shared Technology Platform Privileged Account Security Solution and Sensitive Information Management Solution. It offers Privileged Account Security Solution a solution to protect monitor detect alert and respond to privileged accounts. The company also provides Enterprise Class Integration for devices networks applications and servers. It’s CyberArk Privileged Session Manager that isolates controls and monitors privileged user access and activities. It’s CyberArk Sensitive Information Management Solution a platform for sharing and distributing information to users across systems using Web desktop mobile and email.

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