Fly News Breaks for November 8, 2018
Nov 8, 2018 | 05:25 EDT
JPMorgan analyst Sterling Auty raised his price target for CyberArk to $90 saying the September quarter "was a standout with all geographies contributing to the impressive growth." It was the nearly 25% operating margin "that stole the show for the quarter," Auty tells investors in a post-earnings research note. He believes simplified pricing and sales execution is driving faster growth and keeps an Overweight rating on CyberArk.
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