Revenue Update on Cyberark Software Ltd(NASDAQ:CYBR)

Cyberark Software Ltd(NASDAQ:CYBR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $50.38M. Analysts estimated a revenue of $48.25M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.20.

In a different note, On Jul 5, 2016, Barclays said it Upgrades its rating on Cyberark Software Ltd. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Overweight’ by the firm. 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.

Cyberark Software Ltd (CYBR) shares turned negative on Wednesdays trading session with the shares closing down -0.26 points or -0.48% at a volume of 8,95,174. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $55.49. The peak price level was also seen at $55.49 while the days lowest was $53.04. Finally the shares closed at $53.91. The 52-week high of the shares is $61.8 while the 52-week low is $31.5. According to the latest information available, the market cap of the company is $1,795 M.

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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