Identity security company CyberArk has acquired identity governance and administration (IGA) platform Zilla Security in a deal worth up to $175 million. The transaction consists of a $165 million ...

The company forecasts fourth-quarter non-GAAP earnings per share in the range of 65-75 cents. The consensus mark is pegged at 71 cents per share, implying a year-over-year decline of 12.4%.

Piper Sandler analyst Rob Owens raised the firm’s price target on CyberArk (CYBR) to $440 from $380 and keeps an Overweight rating on the shares. The firm is confident in CyberArk’s ability to ...