CyberArk Software (CYBR) Tops Q4 EPS by 19c, FY16 EPS Guidance Misses, Revenue Beats

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Go back to CyberArk Software (CYBR) Tops Q4 EPS by 19c, FY16 EPS Guidance Misses, Revenue Beats

Summit Research Cuts Price Target on CyberArk Software (CYBR) Following Mixed Guidance

February 12, 2016 7:23 AM EST

Summit Research reiterated a Hold rating on CyberArk Software (NASDAQ: CYBR), and cut the price target to $30.00 (from $47.00), following the company's 4Q earnings report. CyberArk reported solid results with 4Q revenue and EPS coming in above the guidance range and consensus. For 1Q16 (Dec), management provided a guidance range that at the midpoint provides incrementally beat on the topline with $43M (vs consensus $41.7M), but... More