FBN Securities Starts CyberArk Software (CYBR) at Outperform

FBN Securities analyst Shebly Seyarfi initiates coverage on CyberArk Software (NASDAQ: CYBR) with a Outperform rating and a price target of $130.00.

The analyst comments "The company is the leading company (with a market share of about 25%) in the Privileged Account Management (PAM) market, a $1-2B market that is expected to grow at around a 20% CAGR over the next few years. A user with privileged access often has the “keys to the kingdom”, so is often targeted by cybercriminals. In F2018, the company’s revenue growth accelerated quite notably, with overall revenue growing by 31% Y/Y (and 36% Y/Y growth in FQ4 2018) up from 21% Y/Y in F2017."

For an analyst ratings summary and ratings history on CyberArk Software click here. For more ratings news on CyberArk Software click here.

Shares of CyberArk Software closed at $112.89 yesterday.

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