CyberArk Beats Q2 Earnings, Down 5.3% On Lackluster Guidance

CyberArk Software (CYBR - Snapshot Report) released its Q2 2016 earnings results, posting earnings of $0.29 per share and revenue of $50.4 million.  

Currently, CyberArk has a Zacks Rank #3 (Hold), 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 non-GAAP net earnings of $0.29 per share, beating street estimates of $0.20.         

2. Beat revenue estimates. The company saw revenue figures of $50.4 million, beating our estimate of $48.3 million. 

3. “The second quarter was another strong quarter for CyberArk,” said Udi Mokady, CyberArk Chairman and CEO. “Our top line growth demonstrates the increasing demand for our privileged account security platform while our bottom line outperformance shows the power of our business model. As we move into the second half of the year, we plan to continue making thoughtful investments including enhancing our technology platform and expanding market presence.”

4. Third quarter revenue is expected to be in the range of $51.5 million to $52.5 million, which represents 29% to 31% year-over-year growth.

5. CYBR was down $2.91, or 5.26%, to $52.40 as of 4:33 p.m. EDT in after-hours trading shortly after its earnings report was released.

Here’s a graph that looks at CyberArk’s latest earnings performance:

CYBER-ARK SFTWR Price and EPS Surprise

CYBER-ARK SFTWR Price and EPS Surprise | CYBER-ARK SFTWR Quote

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 Ltd. is headquartered in Petach Tikva, Israel.