BofA/Merrill Lynch Downgrades CyberArk Software (CYBR) to Neutral

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Go back to BofA/Merrill Lynch Downgrades CyberArk Software (CYBR) to Neutral

CyberArk Software (CYBR) Reports Strong 3Q results; Oppenheimer reiterates Outperform

November 6, 2015 6:43 AM EST

Oppenheimer reiterated an Outperform rating and $70.00 price target on CyberArk Software (NASDAQ: CYBR) following the company's 3Q earnings report. Revenue of $40.1M (up 43% YoY) beat the consensus estimate of $37.1M, and EPS of $0.26 dwarfed the Street's $0.13 estimate. Operating margin of 22.5% also crushed our estimate of 14.9%... More