Fly News Breaks for February 13, 2020
Feb 13, 2020 | 07:35 EDT
Guggenheim analyst Imtiaz Koujalgi lowered the firm's price target on shares of CyberArk to $134 from $155 after the company's Q1 revenue guidance was light and its operating margin guidance for both FY20 and Q1 came in below consensus expectations. Although the margin guidance was "a lot lower than we would have expected," the company typically guides conservatively, added the analyst, who keeps a Buy rating on CyberArk shares and thinks the risk/reward "looks good" after the stock's post-earnings pullback.
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