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Tuesday 21 July 2015
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Pre-Market News Analysis on: Cyberark Software (NASDAQ:CYBR), Prospect Capital (NASDAQ:PSEC), Avis Budget Group (NASDAQ:CAR), Prologis (NYSE:PLD)

On Monday, Cyberark Software Ltd (NASDAQ:CYBR)’s shares declined -1.59% to $57.62.

CyberArk Software Ltd. (CYBR), the company that protects organizations from cyber attacks that have made their way inside the network perimeter, recently declared that it will report its second quarter 2015 financial results after the U.S. financial markets close on Tuesday, August 11, 2015.

CyberArk Software Ltd. develops, markets, and sells software-based IT security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor privileged account access and activities. Its privileged account security solution comprises of Enterprise Password Vault that provides a tool to manage and protect physical, virtual, or cloud-based assets; SSH Key Manager to store, rotate, and control access to SSH keys for preventing unauthorized access to privileged accounts; Privileged Session Manager that protects servers, applications, databases, and hypervisors from malware; and Privileged Threat Analytics that profiles and analyzes individual privileged user behavior and creates prioritized alerts when abnormal activity is detected.

Prospect Capital Corporation (NASDAQ:PSEC)’s shares gained 1.76% to $7.50.

Prospect Capital Corporation (PSEC) declared that Prospect has offered Capstone Logistics, LLC (“Capstone”), an existing portfolio company of Prospect, with an incremental $37.5 million of floating rate secured term debt to support Capstone’s acquisition of Pinnacle Workforce Logistics LLC (“Pinnacle”). Prospect holds Capstone’s entire senior second lien facility, which totals about $100 million.

Headquartered in Atlanta, Capstone services over 50 customers at more than 240 facilities across 45 states. Capstone is an outsourced supply-chain-solutions provider offering freight handling services, supply-chain consulting, and administration of distribution centers. Capstone’s workforce solutions allow distribution center operators to outsource non-core labor-intensive elements of their supply chains. The Jordan Company, L.P. purchased Capstone in August 2014.

Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, and subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions. It also makes real estate investments particularly in multi-family residential real estate asset class. The fund makes secured debt, senior debt, unitranche debt, first-lien and second lien, private debt, mezzanine debt, and equity investments in private and microcap public businesses.

At the end of Monday’s trade, Avis Budget Group Inc. (NASDAQ:CAR)‘s shares dipped -0.40% to $42.23.

Avis Budget Group, Inc. (CAR) declared that it plans to report its second quarter 2015 results after the market close on Monday, August 3, 2015, and to host a conference call to talk about such results on Tuesday, August 4, 2015 at 8:30 a.m. Eastern time.

Avis Budget Group, Inc., together with its auxiliaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company has three segments: North America, International, and Truck Rental. It operates the Avis car rental system with about 5,450 locations, that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget vehicle rental system with about 3,500 car rental locations, which serve the value-conscious segments of the industry; and Zipcar, a membership-based car sharing network that provides vehicles to about 915,000 members.

Prologis Inc (NYSE:PLD), ended its Monday’s trading session with 0.73% gain, and closed at $38.85.

Prologis, Inc. (PLD), the global leader in industrial real estate, will host a webcast and conference call with senior administration to talk about second quarter results, current market conditions and future outlook on Tuesday, July 21, 2015, at 8 a.m. PT/11:00 a.m. ET.

Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, administration, and leasing of industrial distribution and retail properties. It was formerly known as Security Capital Investment Trust. Prologis Inc. was formed in 1991 and is based in San Francisco, California with an additional office in Denver, Colorado.

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