Analyst Update: Cyberark, Builders FirstSource, Skyworks

Analysts adjusted their ratings on Cyberark Software Ltd (CYBR), Builders FirstSource, Inc. (BLDR), and Skyworks Solutions Inc (SWKS)

Apr 14, 2015 at 11:33 AM
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Analysts are weighing in today on cybersecurity specialist Cyberark Software Ltd (NASDAQ:CYBR), construction concern Builders FirstSource, Inc. (NASDAQ:BLDR), and semiconductor firm Skyworks Solutions Inc (NASDAQ:SWKS). Here's a quick look at today's brokerage notes on CYBR, BLDR, and SWKS.

  • Oppenheimer raised its price target on CYBR by $10 to $65, sending the shares 0.2% higher at $58.18. Cyberark Software Ltd has been a long-term technical beast, up 46.7% year-to-date. In light of this positive price action, short sellers have been hitting the bricks, as short interest decreased by 34% over the last reporting period. Short interest still accounts for 8.2% of the stock's available float, and a continued exit of short sellers could provide tailwinds for the shares. Elsewhere, the brokerage bunch is divided on the equity, as 62% of covering analysts rate it a "hold" or "strong sell." Furthermore, CYBR's average 12-month price target of $49.44 sits below current trading levels, showing that more bullish analyst attention may be coming down the pike.

  • The shares of BLDR are still riding the momentum from yesterday's M&A news, up 17.3% at $13.57 -- and earlier touching a seven-year high of $14.05. Adding fuel to the fire, Stifel raised its opinion on the stock to "buy" from "hold." On the charts, the shares of Builders FirstSource, Inc. have nearly doubled in value since closing Friday at $6.90, bringing their year-over-year gain to 61.7%. Accordingly, the stock's 14-day Relative Strength Index (RSI) sits at a lofty 91 -- deep into overbought territory. Meanwhile, BLDR's Schaeffer's put/call open interest ratio (SOIR) of 0.65 is the highest such reading taken over the past year. Said another way, short-term speculators have never been this put-heavy on BLDR during the last 12 months.

  • Barclays raised its price target on SWKS by $5 to $80 while reiterating its "equal weight" rating, though the new target still represents a 16.1% deficit to the shares' current perch of $95.34. At last check, the shares of Skyworks Solutions Inc were suffering with most tech stocks, down 3.3%, bringing their year-to-date lead to 30.4%. However, traders have been picking up puts over calls at a rapid-fire clip, as SWKS' 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 0.45 reads in the 88th percentile of its annual range. Meanwhile, the brokerage bunch has been staunchly bullish on SWKS, as 86% of covering analysts rate it a "strong buy."
 

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