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Fly News Breaks for January 4, 2018
CYBR
Jan 4, 2018 | 07:28 EDT
Deutsche Bank analyst Gray Powell says he's incrementally cautious on CyberArk after speaking with a number of contacts in the privileged account management space. The analyst believes the bulk of the PAM market's growth going forward will be driven by mid-market companies that are more price sensitive than larger enterprises. Competition in this segment of the security software market is on the rise and CyberArk will increasingly compete against smaller vendors with cheaper solutions, Powell tells investors in a research note. He keeps a Hold rating on the shares with a $47 price target.
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