CyberArk: Q2 Earnings Snapshot

Associated Press Finance
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PETACH-TIKVA, Israel (AP) — PETACH-TIKVA, Israel (AP) — CyberArk Software Ltd. (CYBR) on Thursday reported a loss of $25.8 million in its second quarter.

On a per-share basis, the Petach-Tikva, Israel-based company said it had a loss of 62 cents. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.

The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The maker of software that detects attacks on privileged accounts posted revenue of $175.8 million in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $173.2 million.

For the current quarter ending in September, CyberArk expects its per-share earnings to range from 19 cents to 27 cents.

The company said it expects revenue in the range of $181.5 million to $186.5 million for the fiscal third quarter.

CyberArk expects full-year earnings in the range of 44 cents to 63 cents per share, with revenue ranging from $726 million to $736 million.

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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

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