CyberArk Software (CYBR) Receives a Hold from Needham
In a report released today, Alex Henderson from Needham maintained a Hold rating on CyberArk Software (CYBR). The company’s shares closed last Thursday at $114.77.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 24.9% and a 61.8% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and CrowdStrike Holdings.
Currently, the analyst consensus on CyberArk Software is a Strong Buy with an average price target of $176.67.
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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.