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CyberArk Software (CYBR) Gets a Buy from JMP Securities

JMP Securities analyst Trevor J. Walsh reiterated a Buy rating on CyberArk Software (CYBRResearch Report) today and set a price target of $175.00. The company’s shares closed yesterday at $150.50.

J. Walsh covers the Technology sector, focusing on stocks such as Qualys, CyberArk Software, and CrowdStrike Holdings. According to TipRanks, J. Walsh has an average return of -24.1% and a 14.81% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CyberArk Software with a $180.26 average price target, implying a 19.77% upside from current levels. In a report released yesterday, Cowen & Co. also reiterated a Buy rating on the stock with a $195.00 price target.

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Based on CyberArk Software’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $142.33 million and a GAAP net loss of $37.63 million. In comparison, last year the company earned a revenue of $117.23 million and had a GAAP net loss of $22.76 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.

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