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Fly News Breaks for August 7, 2019
CYBR
Aug 7, 2019 | 11:59 EDT
JPMorgan analyst Sterling Auty raised his price target for CyberArk to $160 from $125 after the June results showed another quarter of "good upside" in revenue and earnings on consistent execution. The analyst notes that Chief Revenue Officer, who has been CRO for the last 2 years and with the company for 20 years, is leaving to focus on board seats on emerging companies and adds that he sees that move as a "natural transition." Auty reiterates an Overweight rating on the shares.
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