Cyberark Software Ltd (NASDAQ:CYBR), the company that protects organizations from cyber attacks that have made their way inside the network perimeter, announced thatVodafone has implemented CyberArk to protect and manage its privileged accounts, identities and applications.
Vodafone selected CyberArk Enterprise Password Vault and CyberArk Privileged Session Manager, part of CyberArk’s comprehensive solution, to help ensure that its privileged accounts are highly secure while enabling full management of privileged credentials based on security policy, and controlling and monitoring privileged user access across critical machines.
CyberArk was selected as part of a global program to ensure that the best security solutions are implemented across Vodafone’s global networks. The Privileged User Management Access (PUMA) program consists of a number of focus areas aimed at ensuring a consistent and cohesive approach to securing privileged accounts across the company.
“It’s exciting to be working with Vodafone during the initial stages of its new PUMA program,” said Nick Baglin, vice president of sales, EMEA at CyberArk. “Vodafone is an extremely forward-thinking company and we’re delighted to help them proactively address the critical challenges around the security and management of privileged accounts.”(Original Source)
Shares of CyberArk Software closed yesterday at $61.3 . CYBR has a 1-year high of $70.48 and a 1-year low of $22.12. The stock’s 50-day moving average is $60.82 and its 200-day moving average is $47.79.
On the ratings front, CyberArk Software has been the subject of a number of recent research reports. In a report issued on May 8, Piper Jaffray analyst Andrew Nowinski maintained a Hold rating on CYBR, with a price target of $54, which reflects a potential downside of -11.9% from last closing price. Separately, on the same day, Barclays’ Saket Kalia reiterated a Hold rating on the stock and has a price target of $65.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Andrew Nowinski and Saket Kalia have a total average return of 8.6% and 5.6% respectively. Nowinski has a success rate of 59.0% and is ranked #756 out of 3602 analysts, while Kalia has a success rate of 66.7% and is ranked #1842.
In total, one research analyst has rated the stock with a Sell rating, 4 research analysts have assigned a Hold rating and 3 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $61.3 which is -6.2% under where the stock closed yesterday.
CyberArk Software Ltd offers IT security solutions to protect organizations from cyber attacks. Its services include Maintenance and Support and Professional Services.