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CyberArk: 4Q Earnings Snapshot

PETACH-TIKVA, Israel (AP) _ CyberArk Software Ltd. (CYBR) on Thursday reported fourth-quarter earnings of $24.2 million.

On a per-share basis, the Petach-Tikva, Israel-based company said it had profit of 64 cents. Earnings, adjusted for one-time gains and costs, were 89 cents per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The maker of software that detects attacks on privileged accounts posted revenue of $109.1 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $95.8 million.

For the year, the company reported profit of $47.1 million, or $1.27 per share. Revenue was reported as $343.2 million.

For the current quarter ending in April, CyberArk expects its per-share earnings to range from 39 cents to 42 cents.

The company said it expects revenue in the range of $91 million to $93 million for the fiscal first quarter.

CyberArk expects full-year earnings in the range of $1.94 to $2 per share, with revenue ranging from $411 million to $415 million.

CyberArk shares have increased 17 percent since the beginning of the year. The stock has risen 93 percent 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