Stifel Nicolaus Initiates Coverage On Cyberark Software Ltd to Buy with Price Target $62

Stifel Nicolaus Initiates Coverage On Cyberark Software Ltd(CYBR). In a research note issued to the investors, the brokerage major Announces the price-target to $62 per share. The shares have been rated Buy. The rating by the stock financial advisor at Stifel Nicolaus was issued on Feb 14, 2017 in a research report to their Investors and Clients.

Cyberark Software Ltd (CYBR) shares turned negative on Wednesdays trading session with the shares closing down -1.15 points or -2.20% at a volume of 3,91,066. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $52.1482. The peak price level was also seen at $52.1482 while the days lowest was $50.7467. Finally the shares closed at $51.03. The 52-week high of the shares is $59.28 while the 52-week low is $34.627. According to the latest information available, the market cap of the company is $1,700 M.

Cyberark Software Ltd(CYBR) last announced its earnings results on Feb 9, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $64.358M. Analysts had an estimated revenue of $63.010M. Earnings per share were $0.41. Analysts had estimated an EPS of $0.33.

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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