CyberArk Software Ltd (NASDAQ:CYBR), the company that protects organizations from cyber attacks that have made their way inside the network perimeter, has been named the Overall Leader by independent analyst firm KuppingerCole in its Leadership Compass: Privilege Management 2015 report. CyberArk surpassed the other vendors by being positioned as the Leader across all the report’s evaluation categories: Overall, Product, Market and Innovation. To help companies make intelligent vendor choices to protect against privileged account compromise, the firm analyzed 12 vendors and named CyberArk the “Gold Standard” and the “one to beat in Privilege Management.” The CyberArk Privileged Account Security Solution was the only one to receive the highest possible product rating across security, functionality, integration, interoperability and usability categories.
In the report, KuppingerCole examines the critical role of privileged account security in mitigating the risk of devastating cyber attacks, as well as managing emerging threats associated with enterprise mobile and cloud adoption. According to the report, “even the most sophisticated attacker would find it almost impossible to succeed without having access to privileged credentials.”
“In the increasingly complex cyber threat landscape, privileged account security has become a business imperative,” said Martin Kuppinger, founder and principal analyst, KuppingerCole. “With proven, innovative products and firm understanding of how to address customers’ most critical IT security challenges, we named CyberArk the Overall Leader in Privilege Management for the second year in a row. CyberArk should be included in every vendor evaluation and product selection process for Privilege Management.”
CyberArk was recognized for the strengths of its comprehensive CyberArk Privileged Account Security Solution including capabilities for threat analytics and alerts; session management and monitoring; account management; least privilege management; support for AWS and Microsoft Azure management consoles; and large partner ecosystem.
“As KuppingerCole outlines in the report, it’s increasingly clear that organizations must prioritize privileged account security. The risks posed by unprotected privileged accounts, including the possibility of shutting down entire businesses, are too immense to ignore. It’s time to take action,” said John Worrall, chief marketing officer, CyberArk. “It’s rewarding to see leading global analyst firms put privileged account security on the top of the enterprise security priority list, and truly an honor to be recognized by KuppingerCole as the Leader in this critical security market sector.” (Original Source)
Shares of CyberArk Software closed yesterday at $45.41, down $0.04 or -0.09%. CYBR has a 1-year high of $76.35 and a 1-year low of $33. The stock’s 50-day moving average is $42.71 and its 200-day moving average is $52.66.
On the ratings front, CyberArk has been the subject of a number of recent research reports. In a report issued on December 10, J.P. Morgan analyst Sterling Auty upgraded CYBR to Buy, with a price target of $48, which implies an upside of 5.7% from current levels. Separately, on the same day, Oppenheimer’s Shaul Eyal maintained a Buy rating on the stock and has a price target of $70.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Sterling Auty and Shaul Eyal have a total average return of 4.4% and 14.0% respectively. Auty has a success rate of 63.0% and is ranked #699 out of 3636 analysts, while Eyal has a success rate of 61.5% and is ranked #49.
The street is mostly Bullish on CYBR stock. Out of 9 analysts who cover the stock, 6 suggest a Buy rating and 3 recommend to Hold the stock. The 12-month average price target assigned to the stock is $61.25, which represents a potential upside of 34.9% from where the stock is currently trading.
CyberArk Software Ltd offers IT security solutions to protect organizations from cyber attacks. Its services include Maintenance and Support and Professional Services.