CyberArk Software Ltd. (CYBR) Shares are Up 5.02%

CyberArk Software Ltd. (CYBR) : Traders are bullish on CyberArk Software Ltd. (CYBR) as it has outperformed the S&P 500 by a wide margin of 3.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.06%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.02% in the last 1 week, and is up 3.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

CyberArk Software, Ltd. is up 29.63% in the last 3-month period. Year-to-Date the stock performance stands at 23.19%. The stock has recorded a 20-day Moving Average of 1.23% and the 50-Day Moving Average is 7.61%.


CyberArk Software Ltd. (NASDAQ:CYBR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.59 and $55.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.61, notching a gain of 0.25% for the day. The total traded volume was 518,383 . The stock had closed at $55.47 on the previous day.

Also, Deutsche Bank maintains its rating on CyberArk Software Ltd. (NASDAQ:CYBR). The global brokerage major raises the current price target from $50 per share to $60 per share. Analysts at the Deutsche Bank have a current rating of Buy on the shares. The rating by the firm was issued on August 10, 2016.

Cyberark Software Ltd is an Israel-based security company. The Companys provides information technology security solutions that protect organizations from cyber attacks. The Companys 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. Its CyberArk Privileged Session Manager that isolates, controls, and monitors privileged user access and activities. Its 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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