CyberArk Software (CYBR) Receives a Hold from Needham
Needham analyst Alex Henderson maintained a Hold rating on CyberArk Software (CYBR) today. The company’s shares closed last Friday at $89.08.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 11.7% and a 48.4% success rate. Henderson covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Ceragon Networks.
Currently, the analyst consensus on CyberArk Software is a Moderate Buy with an average price target of $123.36, which is a 34.5% upside from current levels. In a report issued on March 18, Robert W. Baird also initiated coverage with a Hold rating on the stock with a $85.00 price target.
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The company has a one-year high of $148.75 and a one-year low of $69.51. Currently, CyberArk Software has an average volume of 832.2K.
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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.
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