UBS Decides to Upgrade CyberArk Software (NASDAQ:CYBR) Stock

February 21, 2018 - By Linda Rogers

  UBS Decides to Upgrade CyberArk Software (NASDAQ:CYBR) Stock

CyberArk Software (NASDAQ:CYBR) Stock Upgrade

The rating for shares of CyberArk Software (NASDAQ:CYBR) were increased by stock research analysts at UBS from a “Neutral” rating to a “Buy” rating in a note released on Tuesday morning.

CyberArk Software Ltd. (NASDAQ:CYBR) Ratings Coverage

Among 26 analysts covering Cyber-Ark Software (NASDAQ:CYBR), 16 have Buy rating, 0 Sell and 10 Hold. Therefore 62% are positive. Cyber-Ark Software has $72 highest and $3000 lowest target. $54.53’s average target is 10.61% above currents $49.3 stock price. Cyber-Ark Software had 71 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, August 9 by Oppenheimer. Vetr downgraded the shares of CYBR in report on Tuesday, August 18 to “Strong-Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Sunday, September 10. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) has “Buy” rating given on Tuesday, September 12 by Needham. Bank of America downgraded CyberArk Software Ltd. (NASDAQ:CYBR) rating on Tuesday, November 10. Bank of America has “Neutral” rating and $48 target. The rating was maintained by Piper Jaffray on Tuesday, August 8 with “Buy”. On Monday, August 24 the stock rating was upgraded by Vetr to “Buy”. JP Morgan downgraded the stock to “Neutral” rating in Friday, July 14 report. Oppenheimer maintained CyberArk Software Ltd. (NASDAQ:CYBR) rating on Friday, July 14. Oppenheimer has “Buy” rating and $5100 target. UBS maintained it with “Neutral” rating and $50 target in Friday, November 3 report.

The stock increased 2.92% or $1.4 during the last trading session, reaching $49.3. About 1.12M shares traded or 117.59% up from the average. CyberArk Software Ltd. (NASDAQ:CYBR) has risen 9.69% since February 21, 2017 and is uptrending. It has underperformed by 7.01% the S&P500.

Analysts await CyberArk Software Ltd. (NASDAQ:CYBR) to report earnings on May, 10. They expect $0.21 earnings per share, up 50.00 % or $0.07 from last year’s $0.14 per share. CYBR’s profit will be $7.30 million for 58.69 P/E if the $0.21 EPS becomes a reality. After $0.31 actual earnings per share reported by CyberArk Software Ltd. for the previous quarter, Wall Street now forecasts -32.26 % negative EPS growth.

CyberArk Software Ltd. develops, markets, and sells software IT security solutions that protect organizations from cyber attacks in the United States and internationally. The company has market cap of $1.71 billion. The firm offers privileged account security solution to secure, manage, and monitor account access and activities. It has a 79.64 P/E ratio. The Company’s privileged account security solution consists of Enterprise Password Vault that provides a tool to manage and protect physical, virtual, or cloud assets; SSH Key Manager to store, rotate, and control access to SSH keys for preventing unauthorized access to privileged accounts; Privileged Session Manager that protects servers, applications, databases, and hypervisors from malware; and Privileged Threat Analytics that profiles and analyzes individual privileged user behavior and creates prioritized alerts when abnormal activity is detected.

More notable recent CyberArk Software Ltd. (NASDAQ:CYBR) news were published by: Fool.com which released: “CyberArk Software results: The raw numbers” on February 20, 2018, also Seekingalpha.com with their article: “CyberArk: The Opportunity Exists” published on November 06, 2017, Schaeffersresearch.com published: “What CyberArk Options Are Telling Us Ahead of Earnings” on February 14, 2018. More interesting news about CyberArk Software Ltd. (NASDAQ:CYBR) were released by: Nasdaq.com and their article: “CyberArk (CYBR) Q4 Earnings and Revenues Beat, Stock Up” published on February 16, 2018 as well as Fool.com‘s news article titled: “Will CyberArk Software Ltd. Sink or Swim?” with publication date: July 17, 2017.

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