CyberArk Beats On Earnings And Revenue, Slips On Guidance

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CyberArk Software Ltd (CYBR – Snapshot Report) released their fourth quarter fiscal 2015 earnings results, posting earnings of $0.30 per share (excludes 2 cents from non-recurring items) and revenue of $51.5 million.

Currently, CYBR has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

CyberArk:

1. Beat earnings estimates. The company posted an EPS $0.30, beating our Zacks Consensus Estimate of 0.17.

2. Beat revenue estimates. The company saw revenue figures of $51.5 million, beating our estimate of $44 million.

3. For the first quarter of 2016, the company expects EPS to be in the range of $0.15 to $0.16 and revenues to be in the range of $42.5 million to $43.5 million. There are estimates that call for $0.17 in EPS on $41.64 million in revenue.

4. “2015 was another record year for CyberArk,” said Udi Mokady, CyberArk CEO. “We executed on our strategy to expand our sales and marketing reach, enhance our product offering, and strengthen our position as the recognized leader in Privileged Account Security. Our investments delivered record results across all financial and operational metrics.”

5. CYBR was down $2.94, or 8.00%, to $33.80 as of 5:10 PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at CyberArk’s earnings surprise history:

CyberArk Software Ltd. provides information technology security solutions. The Company offers services which protect organizational privileged accounts from cyber-attacks. Its products include CyberArk Shared Technology Platform, Privileged Account Security Solution and Sensitive Information Management Solution. CyberArk Software was founded in 1999 and is headquartered in Newton, Massachusetts.