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CyberArk: 1Q Earnings Snapshot

PETACH-TIKVA, Israel (AP) _ CyberArk Software Ltd. (CYBR) on Tuesday reported first-quarter earnings of $13.7 million.

The Petach-Tikva, Israel-based company said it had net income of 36 cents per share. Earnings, adjusted for one-time gains and costs, came to 56 cents per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The maker of software that detects attacks on privileged accounts posted revenue of $95.9 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $92.4 million.

For the current quarter ending in July, CyberArk expects its per-share earnings to range from 45 cents to 48 cents.

The company said it expects revenue in the range of $96 million to $98 million for the fiscal second quarter.

CyberArk expects full-year earnings in the range of $2.10 to $2.16 per share, with revenue ranging from $415 million to $419 million.

CyberArk shares have risen 64% since the beginning of the year. The stock has more than doubled in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CYBR at https://www.zacks.com/ap/CYBR