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CyberArk Software Ltd. (CYBR) develops, markets, and sells software-based IT security solutions that protect organizations from cyber attacks in the United States and internationally.
The company offers privileged account security solution to secure, manage, and monitor account access and activities.
Its privileged account security solution consists of Enterprise Password Vault that provides a tool to manage and protect physical, virtual, or cloud-based assets; SSH Key Manager to store, rotate, and control access to SSH keys for preventing unauthorized access to privileged accounts; Privileged Session Manager that protects servers, applications, databases, and hypervisors from malware; and Privileged Threat Analytics that profiles and analyzes individual privileged user behavior and creates prioritized alerts when abnormal activity is detected.
The company also provides Application Identity Manager, which addresses the challenges of hard-coded, embedded credentials, and cryptographic keys being hijacked and exploited by malicious insiders or external cyber attackers; Viewfinity that offers Windows least privilege management and application control software; Cybertinel, which provides cyber security services; and On-Demand Privileges Manager to limit the breadth of access of Unix/Linux administrative accounts.
In addition, it offers Shared Technology Platform that integrates operating systems, databases, network devices, security appliances, hypervisors, applications, industrial control systems, and application servers in the datacenter or the cloud; sensitive information management solutions; and software maintenance and support, and consulting services.
The company offers its products to energy and utilities, financial services, healthcare, manufacturing, retail, technology, and telecommunications industries, as well as government agencies through resellers and distributors.
Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. Note that this stock has frequently been mentioned as a take over target. The firm is schdeuled to report its results on February 9th.
52-Weeks Trading Range: $31.50 - $59.28
Entry Point: $53.75
Stop Loss: $51.00
Target Price: $59.20
CYBR closed at $50.20
