CyberArk Software (CYBR) Tops Q4 EPS by 19c, FY16 EPS Guidance Misses, Revenue Beats
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Summit Research Cuts Price Target on CyberArk Software (CYBR) Following Mixed Guidance
February 12, 2016 7:23 AM ESTSummit 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
