CyberArk Software (CYBR) Receives a New Rating from a Top Analyst

Needham analyst Alex Henderson assigned a Hold rating to CyberArk Software (CYBR) today. The company’s shares closed last Thursday at $163.80, close to its 52-week high of $169.70.

According to TipRanks.com, Henderson is a top 100 analyst with an average return of 31.3% and a 67.8% success rate. Henderson covers the Technology sector, focusing on stocks such as Acacia Communications, CrowdStrike Holdings, and Ceragon Networks.

Currently, the analyst consensus on CyberArk Software is a Strong Buy with an average price target of $172.27.

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Based on CyberArk Software’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $107 million and GAAP net loss of $15.88 million. In comparison, last year the company earned revenue of $108 million and had a net profit of $15.25 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.