U.S. markets closed
  • S&P Futures

    4,066.50
    -9.00 (-0.22%)
     
  • Dow Futures

    34,002.00
    -21.00 (-0.06%)
     
  • Nasdaq Futures

    12,056.75
    -50.00 (-0.41%)
     
  • Russell 2000 Futures

    1,906.70
    -3.80 (-0.20%)
     
  • Crude Oil

    81.19
    +0.18 (+0.22%)
     
  • Gold

    1,932.90
    +2.90 (+0.15%)
     
  • Silver

    24.07
    +0.05 (+0.21%)
     
  • EUR/USD

    1.0893
    +0.0001 (+0.01%)
     
  • 10-Yr Bond

    3.4930
    +0.0310 (+0.90%)
     
  • Vix

    18.73
    -0.35 (-1.83%)
     
  • GBP/USD

    1.2405
    -0.0002 (-0.01%)
     
  • USD/JPY

    129.7080
    -0.4450 (-0.34%)
     
  • BTC-USD

    22,916.92
    -264.83 (-1.14%)
     
  • CMC Crypto 200

    519.99
    -7.20 (-1.36%)
     
  • FTSE 100

    7,761.11
    +16.24 (+0.21%)
     
  • Nikkei 225

    27,346.74
    -16.01 (-0.06%)
     

ARR Growth, Customer Additions, Full Year Outlook Lift: Investors Cheer CyberArk Earnings

  • CyberArk Software Ltd (NASDAQ: CYBR) reported third-quarter FY22 revenue growth of 26% year-on-year to $152.7 million, beating the consensus of $150.7 million. Non-GAAP EPS loss of $(0.06) beat the consensus loss of $(0.20).

  • Segments: Revenues from Subscriptions expanded 110% Y/Y to $74.2 million. Maintenance and professional services rose 2.1% Y/Y to $64.6 million.

  • Key Performance Indicators: Annual Recurring Revenue (ARR) increased 49% Y/Y to $512 million. The subscription portion of ARR was $301 million, implying a 117% Y/Y growth.

  • The Maintenance portion of ARR was $211 million signifying a 2.4% Y/Y growth.

  • Recurring revenue grew 44% Y/Y to $128.5 million, and the company added 230 new customers. CyberArk reached an 87% subscription booking mix.

  • CyberArk held $1.2 billion in cash and equivalents.

  • Outlook: CyberArk sees Q4 revenue of $169.9 million - $176.9 million versus the consensus of $175.9 million.

  • It sees non-GAAP EPS of $0.07 - $0.20 versus the consensus of $0.07.

  • CyberArk updated the FY22 revenue guidance from $589.0 million - $601.0 million to $592.5 million - $599.5 versus the consensus of $596.5 million.

  • CyberArk improved the non-GAAP EPS guidance $(0.82) - $(0.57) to $(0.54) - $(0.39) above the consensus loss of $(0.69).

  • Price Action: CYBR shares traded higher by 7.87% at $146.23 in premarket on the last check Thursday.

See more from Benzinga

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.