CyberArk Software (CYBR) late Thursday reported first-quarter adjusted earnings and revenue that beat expectations and forecast in-line June quarter profit and sales, as the stock was up in after-hours trades.
XCyberArk said adjusted first-quarter earnings were 32 cents a share, up 14% from a year ago. Revenue rose 22% to $71.8 million, topping consensus estimates.
A year earlier, CyberArk earned 28 cents a share on sales of $59 million. Analysts expected CyberArk to report earnings of $21 cents a share on sales of $69.2 million for the period ended March 31.
For the June quarter, the company said it expects revenue in a range of $72 million to $73.5 million vs. estimates of $72 million. CyberArk forecast earnings of 24 cents, a penny above estimates of 23 cents.
Shares in the cybersecurity firm first fell in after-hours trading, but reversed and was up 0.5% in recent action on the stock market today.
Keeping Accounts From Hackers
Hackers often aim to compromise networks by targeting employees or management with administrative access to company computer systems. CyberArk's software monitors and manages privileged accounts.
IBD's Computer-Software security group is ranked No. 7 out of 197 industry groups. Palo Alto Networks (PANW) has the group's highest Composite Rating.
Cybersecurity firm Black Carbon prices its initial public offering late Thursday. Black Carbon launches the IPO Friday.
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