The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is CyberArk (CYBR) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.CyberArk is one of 622 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups b ...

Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here .CyberArk Software Ltd. (NASDAQ: CYBR ) is heading into the second half of its FY2024 after reporting better-than-expected results in 2Q24 . The stock is up roughly 16% since reporting Q2 results and raising FY24 guidance versusAnalyst’s Disclosure: I/we have no stock, option or similar deriv ...

CyberArk Software Ltd CYBR appears poised to "consolidate identity spending and maintain durable and increasingly profitable growth," according to RBC Capital Markets analyst Matthew Hedberg.Last month, the company reported upbeat second-quarter results.Hedberg initiated coverage of CyberArk Software with an Outperform rating and a price target of $328.The CyberArk Software Thesis: Identity spending remains important as the company is a security vendor and this market is "largely best in class" and could "c ...

In the latest trading session, CyberArk (CYBR) closed at $271.23, marking a +1.19% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.7% for the day. Meanwhile, the Dow gained 1.26%, and the Nasdaq, a tech-heavy index, added 2.51%.The maker of software that detects attacks on privileged accounts's stock has dropped by 4.8% in the past month, falling short of the Computer and Technology sector's loss of 1.45% and the S&P 500's gain of 1.27%.The upcoming earnings rel ...

In the latest trading session, CyberArk (CYBR) closed at $271.53, marking a -0.45% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.54%. Meanwhile, the Dow gained 0.72%, and the Nasdaq, a tech-heavy index, added 0.65%.Shares of the maker of software that detects attacks on privileged accounts have depreciated by 1.32% over the course of the past month, underperforming the Computer and Technology sector's gain of 3.3% and the S&P 500's gain of 4.86%.Investors will ...

CyberArk (CYBR) shares have gained 19.2% year to date (YTD), outperforming the Zacks Computer - Software industry’s growth of 4.9%.CYBR stock has also outperformed the Zacks Computer and Technology Sector and S&P 500 index in the YTD period. The Zacks Computer and Technology sector and the S&P 500 index have returned 14.6% and 15%, respectively, YTD. This outperformance reflects investors’ confidence in CYBR’s position in the cybersecurity market.CyberArk has been consistently focusing on enhancing its prod ...

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Shares of CyberArk (CYBR) have been strong performers lately, with the stock up 12.3% over the past month. The stock hit a new 52-week high of $293.31 in the previous session. CyberArk has gained 30.8% since the start of the year compared to the 20.6% move for the Zacks Computer and Technology sector and the 3.9% return for the Zacks Computers - IT Services industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensu ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about CyberArk (CYBR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.CyberArk currently has an average brokerage recommendation (ABR ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...