Tag Archives: cybr

CyberArk Downgraded As Analysts See Stock Overvalued

Cybersecurity firm CyberArk Software (CYBR), which made its IPO in September, was downgraded on Tuesday by two equity research firm analysts who consider the stock overvalued. Separately, Imperial Capital on Tuesday launched coverage with an underperform rating and $40 target. CyberArk Software stock was down 5% near 44 in afternoon trading on the stock market today. “We believe much of the optimism regarding the stock is reflected in the current

CyberArk EPS Beat, Strong Guidance Push Stock Higher

CyberArk, a hot September IPO, saw its stock soar after its first earnings report as a publicly traded company handily beat expectations, as did its outlook. The Israel-based network security firm late Monday reported Q3 earnings that handily beat Wall Street estimates, as did its Q4 outlook. CyberArk (CYBR) stock was up nearly 20% in morning trading in the stock market today, earlier touching an all-time high above 41. On Sept. 29, CyberArk made

Week Ends With 9 IPOs As GoPro Remains No. 1

Alibaba Group’s blockbuster IPO was a catalyst for new issues as nine companies priced during the busiest week of the month. Leading the IPO market this past week was Citizens Financial Group (CFG), which raised $3 billion on its Sept. 24 initial public offering. The biggest mover of the week was CyberArk Software (CYBR), which jumped 87% on its first day of trading Wednesday to 29.93. CyberArk stock fell 5% Friday and closed at 29.80. The field