The Vetr crowd on Monday upgraded its rating for Cyberark Software Ltd (NASDAQ:CYBR) from 4 stars (Buy), issued eight days ago, to 5 stars (Strong Buy). Crowd sentiment at the time of the upgrade was mostly positive, with 85 percent of Vetr user ratings bullish.
Share price in Cyberark experienced a major correction at the start of Friday's session following a successful Q1 earnings report that saw the company exceed sales estimates by more than $1 million at $59.035 million for the quarter. The stock dropped more than 12 percent in response to the company's lowered Q2 guidance, finishing the day down about $6.85.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
The stock picked up slightly the following Monday, but still traded down to close at $47.82.
Learn how crowdsourced ratings could help you time the market.
Currently, the Vetr crowd's average target price for Cyberark is up at $60.34, which is above the average analyst target price of $58.50. Less than 2 percent of Vetr users are holding CYBR in their watch lists.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.