NEW YORK (TheStreet) -- eBay (EBAY) - Get Report shares are up 0.99% to $60.47 in trading on Monday on reports that the company's PayPal unit will purchase Israeli cyber security company CyActive for $60 million, according to Israeli media outlets.

CyActive, which received funding from the venture capital arm of Siemens AG (SIEGY)  in September, has declined to comment on the reports.

If true, the purchase would serve to shore up the online payment service provider's security credentials as international concern about cybersecurity grows following news of data breaches at some of the world's largest companies.

The purchase would be the company's second of an Israeli security firm following 2008's $169 million purchase of financial fraud watchdog FraudSciences.

TheStreet Ratings team rates EBAY INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate EBAY INC (EBAY) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• Despite its growing revenue, the company underperformed as compared with the industry average of 18.5%. Since the same quarter one year prior, revenues slightly increased by 8.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
• EBAY INC has improved earnings per share by 26.1% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, EBAY INC reported lower earnings of $0.07 versus $2.18 in the prior year. This year, the market expects an improvement in earnings ($3.11 versus $0.07).
• The gross profit margin for EBAY INC is currently very high, coming in at 73.83%. Regardless of EBAY's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 20.78% trails the industry average.
• Despite currently having a low debt-to-equity ratio of 0.38, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 1.43 is sturdy.
• The company, on the basis of net income growth from the same quarter one year ago, has significantly underperformed compared to the Internet Software & Services industry average, but is greater than that of the S&P 500. The net income increased by 20.4% when compared to the same quarter one year prior, going from $850.00 million to $1,023.00 million.
• You can view the full analysis from the report here: EBAY Ratings Report