Needham analyst Alex Henderson assigned a Hold rating to CyberArk Software (CYBR) today. The company’s shares closed last Wednesday at $141.78.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 26.4% and a 64.6% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and Ceragon Networks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for CyberArk Software with a $180.50 average price target.
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Based on CyberArk Software’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $145 million and net profit of $12.05 million. In comparison, last year the company earned revenue of $130 million and had a net profit of $20.74 million.
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CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. It operates through the following geographical segments: United States; Israel; United Kingdom; Europe, the Middle East and Africa; and Other. Its products include core privileged access security, application identity and endpoint privilege manager, and Conjur. The company was founded by Udi Mokady and Alon N. Cohen in 1999 and is headquartered in Petach Tikva, Israel.
