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CyberArk: 3Q Earnings Snapshot

November 6, 2019 GMT

PETACH-TIKVA, Israel (AP) _ CyberArk Software Ltd. (CYBR) on Wednesday reported third-quarter earnings of $15.2 million.

On a per-share basis, the Petach-Tikva, Israel-based company said it had profit of 39 cents. Earnings, adjusted for one-time gains and costs, came to 65 cents per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The maker of software that detects attacks on privileged accounts posted revenue of $108.1 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $103 million.

For the current quarter ending in December, CyberArk expects its per-share earnings to range from 78 cents to 82 cents.

The company said it expects revenue in the range of $125 million to $127 million for the fiscal fourth quarter.

CyberArk expects full-year earnings in the range of $2.58 to $2.61 per share, with revenue ranging from $429.2 million to $431.2 million.

CyberArk shares have climbed 44% since the beginning of the year. The stock has risen 58% in the last 12 months.

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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