Cyberark Spikes On Jim Cramer-Mad Money Rumor
Cyberark Software Ltd (NASDAQ: CYBR) shares briefly rose on Thursday after a rumor began circulating on social media that the company's CEO will appear on "Mad Money" with Jim Cramer, which airs on CNBC at 6 p.m. ET.
The stock, up 55 percent year-to-date, is increasingly being viewed as a cybersecurity play, among peers like FireEye and Palo Alto Networks.
Cyberark was upgraded by William Blair in February. Earlier this month, Barclays commented on the company's first quarter results.
In a note, Barclays analyst Saket Kalia said there's a strong bull-bear case; the bear case, he added, implies 40 percent revenue growth after 2015. On the flip side, the bearish thesis rests on valuation.
Shares of Cyberark last traded at $61.72, up 0.7 percent. The session low was $60.54
Benzinga has contacted the company for confirmation of the television appearance.
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