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Fly News Breaks for December 23, 2016
PANW, CYBR
Dec 23, 2016 | 07:51 EDT
JPMorgan analyst Sterling Auty attributes the recent weakness in CyberArk (CYBR) shares to Palo Alto Networks' (PANW) results, which pointed to longer sales cycles in security. The stock has underperformed the market in the last month with a negative 12.3% return, Auty tells investors in a research note. CyberArk's quarters tend to be very back-end loaded, so the shares could remain under pressure until we are out of the preannouncement period in early January, Auty argues. He keeps an Overweight rating on the shares, however, citing his positive view of the Security space.
News For CYBR;PANW From the Last 2 Days
CYBR
Mar 28, 2024 | 15:22 EDT
What has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of March 25-28. Find all top-rated... To see the rest of the story go to thefly.com. See Story Here
CYBR
Mar 28, 2024 | 06:05 EDT
BTIG initiated coverage of CyberArk with a Buy rating and $317 price target. Following field checks with customers, partners, and industry analysts, the firm sees multiple factors driving continued growth in the privilege account management market, where it notes CyberArk holds "a strong leadership position" and is gaining share.